According to Forrester Research’s evaluation, SAS is one of two vendors that ‘lead(s) the pack’ of enterprise fraud management (EFM) providers, and as a result SAS has been named a Leader in The Forrester Wave: Enterprise Fraud Management, Q3 2018.
In its assessment of analytics leader SAS, Forrester noted how SAS Fraud Management “builds on the vendor’s extensive data exploration and visual analytics capabilities”. SAS was further noted for “an impressive visual workflow designer, rule life-cycle manager, and broad configuration capabilities for designing investigator screens”.
The Forrester Wave report evaluated the top vendors in enterprise fraud management through multi-faceted research and hands-on laboratory testing. In this edition, Forrester Research evaluated seven vendors against 38 stringent criteria within three high-level categories: current offering, strategy, and market presence. SAS received the top score above all participating vendors in the market presence category. SAS also earned the highest possible score in the criteria of data integration, risk scoring and alerting, reporting, and scalability.
“The challenge of fraud is always evolving, and this report highlights the importance of staying ahead of the curve,” said Sundeep Tengur, Senior Business Solutions Manager at SAS. “SAS’s innovative use of AI techniques in its Fraud Management solution gives organisations the tools they need to beat the fraudsters, preventing illegal activity before it occurs. We’re delighted to be named as a leader in this field and continue to push forwards to help our customers fight fraud as efficiently as possible.”
As a real time, enterprise-wide fraud detection system, SAS Fraud Management helps organisations detect and prevent risk across the evolving spectrum of fraudulent techniques employed by today’s criminals. In addition to helping significantly reducing potential fraud losses, the solution can also lower fraud fighting costs through increased operational efficiency and improve customer experience.