Software AG recently 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 Platforms. 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.”
Marco Gerazounis, Senior VP Middle East North Africa & Turkey, Software AG, said: “This is an important distinction that reaffirms Software AG’s continuing thrust to deliver value-driven solutions that drive business performance and enhance profitability. Moreover, being recognized as an industry ‘Leader’ is a reflection of Software AG’s uncompromising commitment to quality and excellence in providing business process solutions that satisfy the specific requirements of our clients.”
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.