SAS® operational risk sales more than doubled in 2007
Sales of SAS® OpRisk Management jumped in 2007 to an increase of 105 percent over 2006. This record revenue is evidence that financial services institutions continue to recognize business intelligence leader SAS as a key component in governance, risk and compliance (GRC) management. SAS recognizes financial institutions’ need to measure and manage operational risk in a scientific way – not just for regulatory purposes, but also for making sound business decisions. Clearly, the many recent awards and recognitions for operational risk management based on customer feedback have paid off for SAS.
SAS’ global operational risk customers are located in 28 countries across six continents and include institutions ranging from Australia, France, Japan, Mexico, Saudi Arabia, the UK and the US. SAS software’s leading data management capabilities and superior analytics arm institutions with the ability to view their risk profiles at an enterprise level. More than 70 institutions globally now use SAS OpRisk Management.
SAS® OpRisk Management
SAS OpRisk Management is an end-to-end solution built on the industry-leading SAS Enterprise Intelligence Platform. With powerful data management, analytics, and regulatory reporting and disclosure capabilities, SAS OpRisk Management helps institutions optimize capital allocation while mitigating risks in all areas of their organizations.
In April 2008, Chartis Research ranked SAS software as the leader in operational risk management for a fourth straight year. In October 2007, SAS was ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report for a second straight year. Also, SAS OpRisk Management was named as a first-place recipient in the June 2007 OpRisk & Compliance magazine’s First Annual Compliance Software Ranking . In addition, SAS was selected as the winner of the Enterprise Risk Management and Operational Risk Management categories in the Leaders in Innovation Awards 2007, from Financial-i magazine.
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