SAP Positioned in Leaders Quadrant of Magic Quadrant for Continuous Controls Monitoring
Evaluation Based on Completeness of Vision and Ability to Execute
WALLDORF, Germany, March 31 /PRNewswire-FirstCall/ -- SAP AG (NYSE: SAP) today announced it has been positioned by Gartner Inc. in the leaders quadrant of the "Magic Quadrant for Continuous Controls Monitoring (CCM)"(1) report.
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SAP® BusinessObjects™ governance, risk, and compliance (GRC) solutions support principles of CCM, enabling companies to lower compliance costs, improve financial governance and improve operational performance. With applications for risk management; access control; process control; global trade services; environment, health and safety management; and sustainability performance management, the solutions help organizations reduce losses from fraud, and comply with rules governing financial transactions. They can also help improve organizational performance through continuous monitoring, and reduce the cost of auditing through continuous audit of automated controls in enterprise resource planning (ERP) systems. SAP BusinessObjects GRC solutions are integrated with SAP BusinessObjects enterprise performance management (EPM) solutions to bring customers increased visibility into their entire enterprise.
According to Gartner, "Within the governance, risk and compliance (GRC) marketplace, continuous controls monitoring (CCM) is a set of technologies that assist the business in reducing business losses from fraud or failure to follow rules governing financial transactions, and improving performance through continuous monitoring (CM) and reducing the cost of auditing through continuous audit (CA) of the automated controls in ERP systems or other financial applications."
According to the report, "The CCM market is far from mature, but the leaders in the market have had a significant presence in the market for many years. They all have strong, market-tested CCM for segregation of duties (CCM-SOD) capabilities and offer CCM for transactions (CCM-T). Their CCM for application configuration (CCM-AC) and CCM for master data (CCM-MD) capabilities are adequate to support primary CCM-SOD and CCM-T functions. When lacking in multiplatform capabilities, they have services and technology partnerships to fill the gap."
Media Contacts:
Scott Behles, SAP, +1 (917) 494-2009, [email protected], EDT
Jeff Shadid, Burson-Marsteller, +1 (214) 224-8419, [email protected], CDT
About the Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
(1) Gartner "Magic Quadrant for Continuous Controls Monitoring" by French Caldwell, Paul E. Proctor, March 23, 2010
SOURCE SAP AG
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