RESTON, Va.--(EON: Enhanced Online News)--Software AG today announced it was positioned by Gartner, Inc., a leading industry analyst firm, in the Leaders Quadrant for enterprise governance, risk and compliance (GRC) platforms*. Vendors were evaluated based on both their completeness of vision and ability to execute in the enterprise GRC platform market. This year’s evaluation placed much more emphasis on reference customer feedback and market expectations and reflects the expectations buyers have, as well as vendor performance in meeting a globally diverse and growing market.
“Our enterprise GRC platform combines Business Process Analysis with audit-proof workflows and turns risk and compliance management into a strategic management tool. We believe the recognition shows that we deliver what our customers expect.”
Gartner’s evaluation of Software AG is primarily based on its ARIS Risk & 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. It helps enterprises to comprehensively manage their compliance activities and analyze operational risks.
“We feel honored to be recognized in the Leaders Quadrant for enterprise GRC platforms,” said Dr. Wolfram Jost, Chief Technology Officer and Member of the Executive Board of Software AG. “Our enterprise GRC platform combines Business Process Analysis with audit-proof workflows and turns risk and compliance management into a strategic management tool. We believe the recognition shows that we deliver what our customers expect.”
Software AG’s ARIS Governance, Risk and Compliance (GRC) Platform transforms organizations to true Digital Enterprises, working smarter, reducing risk and remaining efficient. GRC is a process as much as it is a platform. All risk management and compliance topics are executed in an integrated central ARIS repository for maximum control, transparency, simplicity and efficiency.
ARIS Risk & Compliance Manager 9.5 will be released at the end of October. It will be fully compatible with ARIS 9.5, which will be released at the same time. The new release will provide enhanced functionalities for policy management and incident management. It can be used to support various regulatory requirements such as FATCA within the internal control system and helps to increase the efficiency of compliance activities. ARIS Risk & Compliance Manager also offers comprehensive capabilities for planning, preparation, execution and reporting of audits. Customers use it for business performance and enterprise risk management. Operational risks can be assessed by financial impact and probability. Risk mitigating measures can be initiated if necessary.
Software AG’s GRC platform uses complex event processing for real time monitoring and to automate tasks to increase productivity. Several use cases like continuous controls monitoring (CCM) or fraud detection are supported. Reporting and dashboard capabilities via individual mashups are also part of the platform. Finally, the social collaboration tool ARIS Connect enables information sharing on risk and compliance data.
Complimentary copies of Gartner’s report are available at www.softwareag.com/recognition.
* “Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms,” published September 24, 2013 by French Caldwell and John A. Wheeler
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Software AG
Software AG (FRA: SOW) helps organizations achieve their business objectives faster. The company's big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a leader in 15 market categories, fueled by core product families Adabas and Natural, ARIS, Terracotta, webMethods and also Alfabet and Apama. Software AG has ca. 5,300 employees in 70 countries and had revenues of €1.05 billion in 2012. Learn more at www.softwareag.com.
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