SAP Positioned in Leaders Quadrant of Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms
SAP NEWSBYTE - - SAP AG (NYSE: SAP) today announced it has been positioned by Gartner Inc. in the leaders quadrant of the “Magic Quadrant for Enterprise Governance, Risk and Compliance (EGRC) Platforms” report1. SAP is recognized as a market leader for both its “ability to execute” and its “completeness of vision.”
According to Gartner, “The EGRC platform market is consolidating, and the vendors in this market have had time to develop their products and strategies. Customers are looking for Leaders to provide additional functionality, such as support for chief risk officers, integration with advanced business intelligence (BI) and corporate performance management (CPM) applications, business process modeling (BPM), more-flexible and ad hoc reporting, planning and resource management for internal audit, and content and specialized capabilities for risk management and compliance beyond the core functions, such as CCM. They also expect support across multiple geographies. The large vendors should be best positioned for these requirements, yet smaller vendors are in the Leaders quadrant because of continued viability, more-advanced functionality and market understanding.”1
“We are thrilled that Gartner has placed SAP in the leaders quadrant of the Magic Quadrant for EGRC Platforms based on evaluation of our SAP BusinessObjects GRC solutions,” said Frederic Laluyaux, general manager, EPM, GRC and CFO Line of Business, SAP. “Along with the rest of our business analytics solutions, we believe our leadership position is attributed to the remarkable advances we have made with the 10.0 release of our GRC solutions, the depth of our market understanding, our GRC product strategy, the customer adoption we have experienced in the past year and our customers’ successes. SAP provides comprehensive EGRC capabilities that enable our customers to better manage their risk and compliance initiatives, better protect their values and sustainably improve performance.”
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1Gartner “Magic Quadrant for Enterprise Governance, Risk and Compliance (EGRC) Platforms” by French Caldwell, Tom Scholtz, John Hagerty, July 13, 2011
About the Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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