BOSTON--(BUSINESS WIRE)--MEGA, a recognized leader in governance, risk, and compliance solutions, has been cited by Forrester Research, Inc. in “The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q1 2014”.
In the report, MEGA received the highest score possible in several categories that were evaluated, including global GRC customer base and GRC customer retention. MEGA also received the highest score possible in the report’s assessment of certain product capabilities, including risk and control measurement and mapping, manual assessment capabilities and workflow management.
“MEGA’s unique vision is to help customers achieve operational excellence with the combined capabilities of its enterprise architecture and GRC technologies. MEGA has showcased its superb risk and control management, GRC management and audit management capabilities,” said the report.
“We are proud to be recognized by leading analyst firms and for awards for our product offerings, but our greatest achievement comes in delivering value to our customers,” said Lucio de Risi, CEO, MEGA. “Analyst reports can help companies that are seeking high-value, mission-critical software solutions. Companies engaged in this search will also want to measure their own unique business needs against the scope of vendor rankings in reports.”
The report helps readers assess the rankings with their own specific needs. By looking at the individual criteria that match their organization’s specific use case, companies may find that a smaller number of vendors, with various published rankings, may be best-suited to their requirements.
“The Forrester Wave model is an incredibly flexible tool, enabling you to customize how much each of the 43 criteria influence the vendor rankings, which gives you a more targeted list of vendors to consider based on your specific requirements. While the leaders in the Wave will usually remain high on the list regardless of what you change, some vendors will rise significantly with different weightings,” explained the report.
“For GRC professionals working for organizations in the financial services industry or with a heavy emphasis on financial controls and operational risk, Forrester recommends customizing the criteria using weightings that focus on risk management, control monitoring and enforcement, and audit management. Emphasizing these criteria with Forrester’s suggested weighting revisions, the vendors that rise most significantly on your list are IBM, MEGA, Protiviti, and Resolver …,” the report continued.
“We believe this report confirms the value that MEGA solutions offer, especially to financial services companies,” explained de Risi.
MEGA has been recognized for many years by leading industry analyst firms for its software solutions in GRC and EA. MEGA won the 2013 GRC Technology Innovator Award from GRC 20/20 Research. Gartner has named MEGA as a leader in its EA Magic Quadrant reports for five consecutive years, including the Magic Quadrant for Enterprise Architecture Tools report, published October 3, 2013. In The Forrester Wave: EA Management Suites, Q2 2013, MEGA was cited as a leader and received the highest score possible in 45 of the individual EA criteria evaluated.
MEGA has been helping organizations manage enterprise complexity and business transformations for more than 20 years, with software solutions that assist its customers in moving ahead of their competitors. Customers include Aetna, Banque Accord, Express Scripts, HCL, Nissan, Procter & Gamble, Starwood Hotels, Swiss Federal Railways, UniCredit Group and Walgreens.
“Our customers tell us that the depth and breadth delivered through our integrated approach is the reason they chose MEGA solutions, especially over offerings that may only offer a niche capability,” continued de Risi.
Most industry leaders have found that identifying, assessing and treating risks in a silo, without aligning the risks to business activities or corporate strategies, is ineffective. It is important to understand how risks affect the business and which processes may have created them. Also, identifying risks in the context of processes allows them to be treated according to their importance and value to the organization. Companies that do this spend far fewer resources in managing risks.