Gartner Magic Quadrants position vendors within a particular market segment based on their completeness of vision and their ability to execute on that vision.
According to Gartner,“The EGRC platform market is consolidating, and the vendors in this market have had time to develop their products and strategies. Customers are looking for Leaders to provide additional functionality, such as support for chief risk officers, integration with advanced BI and corporate performance management applications, business process modeling, more-flexible and ad hoc reporting, planning and resource management for internal audit, and content and specialized capabilities for risk management and compliance beyond the core functions, such as CCM. They also expect support across multiple geographies. The large vendors should be best positioned for these requirements, yet smaller vendors are in the Leaders quadrant because of continued viability, more-advanced functionality and market understanding.”
In the report, Gartner says enterprise governance, risk and compliance (EGRC) platforms “must solve the immediate GRC management (GRCM) needs associated with corporate governance, and also enable an enterprise to pursue future consolidation and integration of a diverse set of GRC activities.”
About Oracle Governance, Risk, and Compliance
Part of Oracle Fusion Applications, Oracle Fusion Governance, Risk, and Compliance is a 100 percent open, standards-based platform for enterprise risk management, multi-regulatory compliance, and controls enforcement. It is designed to work as a complete enterprise governance, risk, and compliance solution or as modular extensions to an existing risk management and compliance applications portfolio.
Oracle Fusion Governance, Risk, and Compliance combines vital risk and compliance oversight with automated controls enforcement. This integration helps enable firms not only to meet current regulatory requirements but also to embed control, predictability, and efficiency into their business.
Depending on their most critical need at the time, enterprises will move along a maturity curve—focusing on compliance, focusing on efficiency, and focusing on value. Oracle Fusion Governance, Risk, and Compliance helps deliver concrete benefits to organizations no matter where they stand along the maturity curve.
“Oracle believes that our position in the Leaders quadrant of Gartner’s 2011 ‘Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms’ reflects our continued commitment to GRC and our strong GRC product strategy,” said Chris Leone, group vice president, Oracle Application Strategy. “Oracle understands that every business needs a unique solution to meet its governance, risk and compliance needs, depending on the level of its GRC maturity, its industry or its individual complexities. Oracle Fusion Governance, Risk, and Compliance offers firms a wide range of options and the flexibility to scale its GRC solutions as their needs change and grow.”
About The Magic Quadrant
The Magic Quadrant is copyrighted 2011 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.
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(1) Gartner, Inc.,“Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms” by French Caldwell, Tom Scholtz, John Hagerty, July 13, 2011.
Simon Jones, Blanc & Otus
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