RESTON, Va.--(BUSINESS WIRE)-- Software AG today announced it was positioned by Gartner, Inc., a leading industry analyst firm, in the Leaders Quadrant of the recently published Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms1. Software AG’s GRC solution combines Business Process Analysis (BPA) with audit-proof workflows, turning risk and compliance management into a strategic management tool. It helps enterprises comprehensively manage their compliance activities and analyze/assess operational risks.
“We appreciate Gartner’s recognition by naming us a ‘Leader’ within the enterprise governance, risk and compliance platform market,” said Ivo Totev, Chief Marketing Officer and member of the Group Executive Board, Software AG. “We believe we take an innovative approach to the market by designing products essential for businesses faced with GRC issues. We understand the market and the importance of business performance and strive to help organizations reach their goals faster, more efficiently and cost effectively.”
Software AG’s GRC solution takes advantage of its ARIS Platform to enable enterprises to plan, visualize and evaluate processes, applications and data through a central repository. The solution uses one unified repository across all different risk and compliance areas. All data concerning risk assessments, control testing, survey and audits are stored in a single database, reducing redundancy and ensuring consistency in data and reports.
According to Gartner, “Reporting and managing through a single platform potentially gives executives, auditors and managers a holistic view of the enterprise’s risk and compliance postures, as well as views sorted by requirement, entity and geography.”
At the core of Software AG’s GRC solution is ARIS Risk and 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.
ARIS Risk and Compliance Manager offers a new module for audit management which delivers support for handling work papers and scheduling audit-related tasks, time management and reporting throughout the audit phases of planning, preparation, execution and reporting. The enhanced policy management workflow can be adapted to a company’s requirements to gain confirmation from the appropriate people that policies have been applied. In combination with webMethods Business Events, a Complex Event Processing (CEP) product, enterprises will gain a real-time view of what’s happening across their business.
For more information on Software AG’s GRC solution, visit the company’s GRC Lounge.
Analyst reports are available at www.softwareag.com/recognition.
About the Gartner Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in our 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 is the global leader in Business Process Excellence. Our 40 years of innovation include the invention of the first high- performance transactional database, Adabas; the first business process analysis platform, ARIS; and the first B2B server and SOA-based integration platform, webMethods; and the pioneering of big data technology with Terracotta’s BigMemory.
We offer our customers a variety of end-to-end solutions that deliver low total cost of ownership and high ease-of-use. Our industry-leading brands, ARIS, webMethods, Adabas, Natural, CentraSite, Terracotta and IDS Scheer Consulting, represent a unique portfolio encompassing: process strategy, design, integration and control; SOA-based integration and data management; efficient management of big data; process-driven SAP implementation; and strategic process consulting and services.
Software AG had revenues of €1.1 billion in 2011 and has more than 5,500 employees serving approximately 10,000 enterprise and public institution customers across 70 countries. Our comprehensive software and services solutions allow companies to continuously achieve their business results faster. Software AG is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).
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Detailed press information about Software AG, including a picture and multimedia database is available at: www.softwareag.com/press
1 Gartner, Inc., “Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms” by French Caldwell and John A. Wheeler, October 4, 2012
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Source: Software AG