Software AG Named in the Leaders Quadrant for Enterprise Governance, Risk and Compliance Platforms
(PresseBox) (Darmstadt, ).
- Leading industry analyst firm recognizes Software AG as a leader in the enterprise governance, risk and compliance platform market
- ARIS Risk and Compliance Manager covers all key functionalities: Risk Management, Audit Management, Compliance and Policy Management and Regulatory Change Management
- Its core value is its strong focus on business performance and seamless integration with the ARIS Platform
- In combination with webMethods Business Events, Software AG's GRC solution delivers real-time monitoring of operational processes
Software AG today announced it was positioned by Gartner, Inc., a leading industry analyst firm, in the Leaders Quadrant of the recently published Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms . Software AG's GRC solution combines Business Process Analysis (BPA) with audit-proof workflows, turning risk and compliance management into a strategic management tool. It helps enterprises comprehensively manage their compliance activities and analyze/assess operational risks.
"We appreciate Gartner's recognition by naming us a 'Leader' within the enterprise governance, risk and compliance platform market," said Ivo Totev, Chief Marketing Officer and member of the Group Executive Board, Software AG. "We believe we take an innovative approach to the market by designing products essential for businesses faced with GRC issues. We understand the market and the importance of business performance and strive to help organizations reach their goals faster, more efficiently and cost effectively."
Software AG's GRC solution takes advantage of its ARIS Platform to enable enterprises to plan, visualize and evaluate processes, applications and data through a central repository. The solution uses one unified repository across all different risk and compliance areas. All data concerning risk assessments, control testing, survey and audits are stored in a single database, reducing redundancy and ensuring consistency in data and reports.
According to Gartner, "Reporting and managing through a single platform potentially gives executives, auditors and managers a holistic view of the enterprise's risk and compliance postures, as well as views sorted by requirement, entity and geography."
At the core of Software AG's GRC solution is ARIS Risk and Compliance Manager, which takes a process-focused approach to GRC. With this product businesses can analyze and assess risks, automatically escalate issues for resolution and update management via an up-to-the-minute dashboard.
ARIS Risk and Compliance Manager offers a new module for audit management which delivers support for handling work papers and scheduling audit-related tasks, time management and reporting throughout the audit phases of planning, preparation, execution and reporting. The enhanced policy management workflow can be adapted to a company's requirements to gain confirmation from the appropriate people that policies have been applied. In combination with webMethods Business Events, a Complex Event Processing (CEP) product, enterprises will gain a real-time view of what's happening across their business.
For more information on Software AG's GRC solution, visit the company's GRC Lounge.
About the Gartner Magic Quadrant
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