According to Chartis Research, Wolters Kluwer has been named a Category Leader in its 2017 RiskTech Quadrant for Enterprise GRC Solutions. It notes the fourth consecutive time it has earned this distinction. Wolters Kluwer advanced to a top five position among vendors participating based on its governance, risk and compliance capabilities, moving up another notch since the last time Chartis conducted its Enterprise GRC Solutions market update.
Among the specific enterprise GRC capabilities that Chartis assessed, Wolters Kluwer was named a category leader in three areas, including Operational Risk Management; IT Risk Management; and Audit Management. Wolters Kluwer also earned a best-of-breed designation for Third-Party Risk Management, and an enterprise solution ranking for the Model Risk category.
The RiskTech Quadrant® is a proprietary methodology developed specifically for the risk technology marketplace, taking into account vendors’ product and technology capabilities, as well as their organizational capabilities. Chartis evaluates vendors on two key factors—completeness of offering and market potential. According to Chartis, category leaders featured in the report, such as Wolters Kluwer and its comprehensive platform, OneSumX®,demonstrate a clear strategy for sustainable, profitable growth matched with best-in-class solutions.
“Category leaders are those that can provide a true enterprise GRC offering, with a broad array of technical capabilities and an equally impressive range of support services,” said Peyman Mestchian, managing partner at Chartis. “Leading firms will go beyond the traditional definition of GRC to develop more wide-ranging, integrated approaches that cover a greater variety of risk, performance, and environmental factors.”
“Wolters Kluwer is pleased to again be recognized as a leader by Chartis,” said Chuck Ross, vice president andgeneral manager of Compliance Program Management and Investment Compliance for Wolters Kluwer. “Our strong position in this report underscores our continued commitment to meeting the evolving needs of risk, compliance, finance and audit professionals through our unique combination of industry knowledge, technology and services.”
Earlier in 2017, Wolters Kluwer was named a Category Winner in Chartis’ RiskTech100® Report for Regulatory Reporting, and it earned a RiskTech Quadrant point solutions ranking in Chartis’ Risk Management Systems for the Insurance Industry 2017 Market Update.