Hypatia Research Publishes “Enterprise Governance, Risk & Compliance ProductMatrixTM Evaluations"
GRC software providers evaluated by 16 discrete yet interdependent criteria
BOSTON - July 22, 2014 - PRLog -- Industry analyst and market research firm Hypatia Research Group (http://store.hypatiaresearch.com/)
In short, our research provides actionable insight that companies may use in compiling a vendor short list, request for qualifications and best practice terms of engagement with software vendors and providers of services provides actionable insight that companies may use in compiling a vendor short list, request for qualifications and best practice terms of engagement with software vendors and providers of services
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 (http://store.hypatiaresearch.com/
Industry analyst and market research firm Hypatia Research Group (http://store.hypatiaresearch.com/
For advisory, licensing (http://r20.rs6.net/
Zvi Ruder, SVP Operations & Intellectual Property Licensing
Hypatia Research Group
Hypatia Research Group
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