SAS launches latest version of SAS Enterprise GRC

8 May 2012

SAS, a business analytics software and services, has launched a latest version of SAS Enterprise GRC to fortify trust for compliance and regulatory demands.

With the latest version of SAS Enterprise GRC, compliance officers can build confidence faster and with greater ease, providing peace of mind to executives and board members.

Enhancements from the leader in business analytics software and services include better workflow capabilities, more personalized menu options and more control over the comprehensive GRC program view.

"SAS Enterprise GRC provides Discount Bank with a robust and sustainable IT foundation and framework," said Limor Menachem, Head of Operational Risk at Israel Discount Bank. "The solution drives our development of governance, risk and compliance processes by providing best-practice functionality and experience as well as good risk management and compliance control."

SAS Enterprise GRC improves data management - still paramount for GRC - with its highly flexible and integrated architecture. Enhanced workflow capabilities help users customize business processes and operational demands for greater efficiency and speed. Incident management can be specifically arranged to add decision nodes, alter validation stages, configure prompts, and establish separate processing for financial effects, recoveries and allocations. An added benefit is the ability to manage approval workflow for risk, controls and impacts.

Customizable menus, including a re-designed home page and saved views, pair a more personalized user experience with faster and easier navigation. With menus that quickly point to URLs, stored processes, dashboards, XML files, task lists and documents, users can streamline projects to desired sequence and layout and then recall any saved operational view.

SAS Enterprise GRC enables users to edit the comprehensive view of an organization's GRC program, including linkages between GRC dimensions and custom fields. Users gain a clearer visual of how risks, controls, key risk indicators, incidents and other core elements relate to and strengthen one another.

"SAS aims to enable customers to make better business decisions and reduce risks to help strengthen overall corporate value. The company's advanced analytics are among the best in the industry, giving customers risk modeling, scenario analysis and other highly complex capabilities unmatched by other GRC competitors," said Chris McClean, Senior Analyst for Security and Risk at Forrester Research.

"SAS empowers users to quickly command business operations through continuous monitoring of risks and controls," said Clark Abrahams, SAS Product Marketing Manager for Enterprise GRC. "Meanwhile, they can respond to events that are planned (e.g. a regulatory change) or unplanned (e.g. actual loss event), by changing policy, enhancing internal controls, and adjusting key risk indicator thresholds."