MENLO PARK, Calif. – April 30, 2015 – Protiviti (www.protiviti.com), a global consulting firm, has been named a “Challenger” by Gartner, Inc., in the “Magic Quadrant for Operational Risk Management.”1 .The Protiviti Governance Portal provides companies with the visibility and oversight they need to address multiple governance, risk and compliance (GRC) objectives through a single, unified technology platform. The criteria used by Gartner to evaluate the companies selected for the Magic Quadrant for Operational Risk Management (ORM) included the ability to execute and completeness of vision.
“Our highly configurable, customer-centric platform is quick to implement and easy to use, resulting in a faster time to value and greater adoption throughout an organization,” said Scott Wisniewski, managing director, Risk Technologies, Protiviti. “By providing true configurability without the need for customization, the Protiviti Governance Portal easily and cost-effectively drives departmental efficiency. As implementations grow more complex, Protiviti’s experienced GRC practitioners also provide pragmatic guidance, ensuring our clients’ GRC programs can scale effectively according to their requirements.”
According to the report, “Gartner defines operational risks as those risks that ‘relate to the uncertainty of daily tactical business activities, as well as risk events resulting from inadequate or failed internal processes, people or systems, or from external events.' ORM software applications allow organizations to aggregate and normalize data from multiple data sources, including operational and financial systems, as well as from external sources such as regulatory alerts and loss event databases.” “By providing a better understanding of the risks to business objectives, ORM enables better business performance and capital allocation. ORM applications also help companies address the increasing pressure from regulators to improve the risk reporting in annual reports, and to improve the board of directors' role in enterprisewide ORM oversight.”
The Governance Portal is a comprehensive software platform that integrates content and commonly accepted and proprietary frameworks with world-class consulting expertise in order to provide organizations with the visibility and insight needed to manage and mitigate current and future risk and compliance issues. Protiviti’s expert consultants have worked with thousands of global clients, and the Governance Portal has the built-in knowledge needed to deliver targeted GRC software solutions that address immediate needs while facilitating convergence toward synergistic, value-added GRC practices.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. 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.
1“Gartner “Magic Quadrant for Operational Risk Management” by John A. Wheeler and Paul E. Proctor, December 15, 2014.