SAS operational risk sales more than doubled in 2007

Sales of SAS OpRisk Management jumped in 2007 to an increase of 105% over 2006. This record revenue is evidence that financial services institutions continue to recognise business intelligence leader SAS as a key component in governance, risk and compliance (GRC) management.

SAS recognises financial institutions' need to measure and manage operational risk in a scientific way - not just for regulatory purposes, but also for making sound business decisions. It is evident that, the many recent awards and recognitions for operational risk management based on customer feedback have paid off for SAS.

"Financial institutions make up a core part of our business, and we have invested much time and effort into ensuring that the products we offer the financial sector are up to date and relevant," says Andr'e Zitzke, Solution Specialist at SAS South Africa. "It is gratifying to see sales grow, as this shows our investment is paying off, not just for us but for finance organisations too."

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SAS's global operational risk customers are located in 28 countries across six continents and include institutions ranging from Australia, France, Japan, Mexico, Saudi Arabia, the UK and the US. SAS software's leading data management capabilities and superior analytics arm institutions with the ability to view their risk profiles at an enterprise level. More than 70 institutions globally now use SAS OpRisk Management.

SAS OpRisk Management is an end-to-end solution built on the industry-leading SAS Enterprise Intelligence Platform. With powerful data management, analytics, and regulatory reporting and disclosure capabilities, SAS OpRisk Management helps institutions optimise capital allocation while mitigating risks in all areas of their organisations.

In April 2008, Chartis Research ranked SAS software as the leader in operational risk management for a fourth straight year. In October 2007, SAS was ranked first in the "core risk technology" category and second overall in Chartis Research's RiskTech 100 report for a second straight year. Also, SAS OpRisk Management was named as a first-place recipient in the June 2007 OpRisk & Compliance magazine's First Annual Compliance Software Ranking. In addition, SAS was selected as the winner of the Enterprise Risk Management and Operational Risk Management categories in the Leaders in Innovation Awards 2007, from Financial-i magazine.