Thursday, February 10, 2005

SAS Grabs Win in Compliance Category

For Datamation readers, the choice was clear: Garnering twice as many votes as its closest competitor, SAS Institute's Credit Risk Management software was voted first place winner in the Compliance category for our annual Product of the Year competition.

Readers voted Cognos Controller from Cognos Inc., the number two product in the Compliance category, while Enterprise Configuration Manager from Configuresoft grabbed the third-place finish.

With compliance mandates in the forefront of most business decision-makers minds, industry watchers expect IT spending on compliance solutions to soar in 2005. Targeting the financial industry in particular, SAS Credit Risk Management enables users to assess and report the risk of potential credit losses and calculate capital reserves required to cover that risk. Without the appropriate controls in place for credit risk management, financial institutions risk regulatory noncompliance and financial instability.

''The benefits of credit risk management is that this type of solution gives a company a better understanding of risk and the ability to analyze risk,'' says Mary Knox, a research director at Gartner Inc., adding that, in short, this enables the company to conduct better business.

While this type of product is not new, the nature of credit risk management is changing.

SAS Grabs Win in Compliance Category

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