SAS has released Enterprise Governance, Risk and Compliance (GRC) that provides organisations an integrated platform for continuous monitoring of risk and compliance exposures, and helps them track risks based on trends in various operational systems.
The company claims that the new offering facilitates better collaboration through a common framework and automates control management and monitoring. The integrated GRC program powered by business analytics software reduces uncertainty and achieves more predictable results.
According to SAS, the Enterprise GRC combines predictive analytics, data management and reporting for providing data analysis from disparate sources. It offers solutions for governance, risk and compliance needs and helps businesses achieve objectives related to financial performance and sustainability.
The company said that the financial and performance management offerings support more accurate forecasting, comprehensive reports on demand, by enabling organisations to embed analytics into budgets and plans. Organisations using SAS for Enterprise Risk Management can identify, measure, monitor, control and report on financial and nonfinancial risks.
SAS’ regulatory compliance offerings help organisations consolidate compliance data from multiple systems and then analyse it, build reports and deliver required information to regulators, the company claims.
Clark Abrahams, chief financial architect of SAS, said: "Sustainable, superior performance requires a disciplined and conscientious approach based on integration of business strategies with an audited program of sound risk management and policy compliance within each operating unit.
"SAS Enterprise GRC helps companies adopt an adaptive, sustainable approach that affords them the power to meet goals and to control how results are achieved."
