Protiviti Named a Challenger in Magic Quadrant for Operational Risk Management Solutions

MENLO PARK, Calif., Feb. 23, 2017 /PRNewswire/ -- Protiviti (www.protiviti.com), a global consulting firm, has been named a Challenger by Gartner, Inc., in the "Magic Quadrant for Operational Risk Management Solutions" for ability to execute and completeness of vision¹ of the Protiviti Governance Portal. The Protiviti Governance Portal is a cost-effective governance, risk and compliance (GRC) software that provides organizations with the visibility and oversight they need to address multiple GRC and internal audit objectives through a single, unified technology solution.

According to the report, "Operational risks refer to those risks that 'relate to the uncertainty of daily tactical business activities, as well as risk events resulting from inadequate or failed internal processes, people or systems, or from external events.' Operational risk management (ORM) software solutions allow organizations to aggregate and normalize data from multiple data sources, including operational and financial systems, as well as from external sources such as regulatory alerts and loss event databases." The report adds, "By providing a better understanding of these risks to business objectives, ORM enables better business performance and capital allocation. ORM solutions also help companies address the increasing pressure from regulators to improve the risk reporting in annual reports, and to improve the board of directors' role in enterprisewide ORM oversight." 

"Protiviti's independent, service-based approach helps our clients take the right buy, build or best-of-breed approach to implementing the most appropriate and cost-effective GRC and internal audit solution, whether based on our Governance Portal, other third-party platforms or Microsoft SharePoint," said Scott Wisniewski, managing director, Risk Technologies, Protiviti. "While the Protiviti Governance Portal is the best solution for a segment of our client base, our overriding goal is to help ensure every client achieves the specific results they expect in order to meet their operational and regulatory objectives."

The Governance Portal, Protiviti's off-the-shelf GRC software solution, integrates content and commonly accepted and proprietary frameworks with the firm's world-class consulting expertise to provide organizations with the visibility and insight needed to manage and mitigate current and future risk and compliance issues. Protiviti has worked with hundreds of clients around the world to enable and enhance GRC programs through the Governance Portal, which offers easy-to-use features such as simple hierarchy views, one-click navigation and editable Excel-like lists to effectively enable harmonized risk and control assurance programs.

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About Protiviti Inc.
Protiviti (www.protiviti.com) is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Through its network of more than 70 offices in over 20 countries, Protiviti and its independently owned Member Firms provide clients with consulting solutions in finance, technology, operations, data, analytics, governance, risk and internal audit.

Protiviti has served more than 60 percent of Fortune 1000^® and 35 percent of Fortune Global 500^® companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies. Protiviti is a wholly owned subsidiary of Robert Half (NYSE: RHI). Founded in 1948, Robert Half is a member of the S&P 500 index.

Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.

All company and product names are trademarks of their respective owners.

Editor's Note: photo available upon request.

¹Gartner "Magic Quadrant for Operational Risk Management Solutions" by John A. Wheeler and Jie Zhang, December 13, 2016.

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SOURCE Protiviti