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Hypatia Research Publishes “Enterprise Governance, Risk & Compliance ProductMatrixTM Evaluations"
GRC software providers evaluated by 16 discrete yet interdependent criteria
In short, our research (http://store.hypatiaresearch.com/
Hypatia’s Product MatrixTM: 2014 GRC (http://store.hypatiaresearch.com/
Our due diligence included a 1) vendor briefing, 2) product demonstration and 3) customer reference interviews. In certain cases, customer references were obtained without vendor involvement through our professional network.
An effort to avoid “boiling the ocean” in our analysis of this highly fragmented vendor landscape compelled us to evaluate enterprise GRC software providers by 16 discrete yet interdependent dimensions. We affectionately refer to our Matrix as an AWD or 4X4 evaluation. Each of the vendors were ranked by product features, functionality and professional service capabilities provided by the vendor rather than partners or resellers. These criteria were utilized for our overall assessment of these software solution providers.
According to co-author and senior analyst Howard Baldwin (http://store.hypatiaresearch.com/
According to Leslie Ament (http://www.linkedin.com/
Hypatia Research surveyed 664 global GRC practitioners and executives directly involved with GRC processes, audits and decision-making on the following facets of their deployments. Our analysis of those that actually utilize, recommend, influence, hold budget or veto power over the purchase of enterprise GRC software provides contrarian insight into how and why large organizations:
§ Invest in GRC software solutions—and how much is budgeted through 2016
§ Measure productivity and effectiveness of GRC initiatives and how often?
§ Prioritize software selection criteria?
§ How are specific GRC initiatives prioritized?
§ What percent of company revenues are committed to GRC, and when is ROI expected?
§ Which vendors and consulting firms were evaluated?
Survey Respondent Profiles
Respondents operate primarily in Europe (41.5%) with healthy representation from Asia Pacific (32.4%), and North America (26.1%) regions. Among the 664 respondents, the organizations were divided among SMBs (8%) with revenues under $100 million, mid-market (34.6%) and large enterprises (57.5%) with $2 billion or more in revenues. More demographic information at: Convergence of GRC.
Industry analyst and market research firm Hypatia Research Group delivers high impact market intelligence, industry benchmarking, best practice, maturity model and vendor selection research for how businesses use software technology, professional services and management consulting providers to capture, manage, analyze and apply customer and market intelligence to enhance corporate performance and to accelerate growth. Coverage includes: Customer Management (CRM), Business Intelligence, Advanced Analytics, Customer Analytics, Social Media, Text Analytics, Digital Marketing, Information Management, Customer Data Management/Data Quality and GRC. Since 2001, clients have relied on Hypatia for industry insight, expertise and independent market research for guidance in assessing various technology and service options.
For advisory, licensing or further analysis on this topic by company size, industry, job function or geography, please contact Research@HypatiaResearch.com or call 781-862-5106.
Zvi Ruder, SVP Operations & Intellectual Property Licensing
Hypatia Research Group
Hypatia Research Group