SOURCE: Aberdeen Group

August 12, 2008 13:36 ET

Analytic-Fueled GRC Initiatives Drive Significant Business Benefits

Incorporating Analytics Into GRC Initiatives Results in More Effective Risk Management, Improved Compliance Efficiency, and Enhanced Visibility for Accurate, Timely Decision-Making

BOSTON, MA--(Marketwire - August 12, 2008) - In the newly released benchmark report, "Is Your GRC Strategy Intelligent? Analytics for Accurate, Real-Time Visibility and Decision Making," Aberdeen Group, a Harte-Hanks Company (NYSE: HHS), found that Best-in-Class organizations realized a 25% increase in management's ability to access the company's current risk status as a direct result of incorporating analytic tools into their governance, risk management, and compliance (GRC) initiative -- an average increase 157% greater than all other organizations.

This report identifies the strategies, internal capabilities, technologies, services, and methodologies that Best-in-Class organizations employ in their GRC initiatives, and provides a roadmap of actionable recommendations for companies seeking to either optimize an existing implementation or begin developing a GRC initiative. Considered a key part of their GRC strategies, supplementing consistent monitoring of risk and compliance processes with relevant analytic tools allowed Best-in-Class organizations to increase visibility and knowledge into risk and compliance activities by a mean average of 34%; an average increase 2.5-times greater than all other organizations. Additionally, by focusing their strategies and tactically ensuring budgetary allocations facilitate business enrichment, Best-in-Class organizations fully capitalize on the enhanced visibility and knowledge and realized a mean average 22% increase in the speed at which business-critical decisions are able to be made; an average increase 2.4 times greater than all others.

"By substantially improving the visibility into risk and compliance functions and enabling a common and consistent enterprise-wide language through analytic-backed GRC initiatives, organizations have the opportunity to capitalize on improved operational efficiencies stemming from the streamlining, automation, and elimination of costly and redundant processes," states Stephen Walker, senior research associate at Aberdeen. "Organizations also enable upper-level decision makers to more quickly, accurately, and confidently make business-critical decisions based on a more complete view of the companies overall risk and compliance posture."

The report educates end users on how Best-in-Class organizations are developing, implementing, and managing their GRC initiatives as compared to others, and recommends clear actions to improve risk and compliance efficiency and effectiveness and drive sustainable, business-advancing benefits through the correct blend of capabilities, policies, processes, technologies, and services.

A complimentary copy of this report is made available due in part by the following underwriters: BPS and Neohapsis. To obtain a complimentary copy of the report, visit: http://www.aberdeen.com/link/sponsor.asp?cid=4888.

To access all of Aberdeen's complimentary research, please visit http://research.aberdeen.com.

About Aberdeen Group, a Harte-Hanks Company

Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen™ for insights that drive decisions.

As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.

© 2008 Aberdeen Group, Inc., a Harte-Hanks Company
451 D Street, Suite 710
Boston, Massachusetts  02210-1928
Telephone: (617)854-5200
Fax: (617) 723-7897
www.aberdeen.com

Contact Information