SAS, the leader in business intelligence, has announced it will launch the newest version of SAS(r) Risk Management later this quarter. With SAS Risk Management, energy and financial services organisations can pull together, analyse and leverage risk data to more intelligently trade commodities and derivatives.
"By deriving intelligence from existing operational data and systems, an organisation can achieve sustainable competitive advantage," said Sam Harris, global strategist for financial solutions at SAS, "Executives and managers can access up-to-the-minute information about the company's overall risk picture. Demonstrating a firm handle on risk exposure is particularly important when communicating with customers and shareholders."
SAS Risk Management, Release 3.3 will include enhanced analytics to help business and risk professionals in the energy, utility, and financial services industries to analyse and explore the actual, and simulated, position and market data from their trading operations more quickly and accurately to determine their overall risk exposure. This enables key questions to be asked in an easy and intuitive way - for example, "What will be the effect on my portfolio if interest rates fall by 50 or more basis points?"
Already, dozens of leading energy and financial services firms have turned to SAS to power their risk-management efforts. These include:
* Barclays Bank (LSE: BARC, NYSE: BCS), one of the largest banks in the UK, is managing its risk
with SAS Risk Management.
* Calpine (NYSE: CPN), an independent power company that generates and markets power throughout the United States and in Canada and the UK, which uses SAS Risk Management in its energy trading operations.
* Swiss Re, a world leader in reinsurance, which is running SAS Risk Management in production and producing daily delta normal results.
For example, Dominion (NYSE: D), one of the leading electric power and natural gas companies in North America, relies on SAS Risk Management to power risk management efforts for its energy marketing and trading operations, by identifying and managing the risk inherent in trading natural gas, oil, electricity and other energy commodity contracts. SAS helps Dominion analyse and mitigate the effect of variables that can affect energy prices - and Dominion's earnings - including changes in customer demand, power production and energy costs.
"Dominion's risk-management system, powered by SAS Risk Management, gives our executives and traders the information they need to make more timely and more accurate business decisions," said David Holden, vice president of enterprise risk management at Dominion. "SAS Risk Management also supplies answers more quickly than ever. What used to take us weeks now takes us days, hours or even minutes."
SAS is the market leader in providing a new generation of business intelligence software and services that create true enterprise intelligence. SAS solutions are used at more than 38,000 sites - including 99 of the top 100 businesses on the Fortune 500 - to develop more profitable relationships with customers and suppliers; to enable better, more accurate and informed decisions; and to drive organisations forward. SAS is the only vendor that completely integrates leading data warehousing, analytics and traditional BI applications to create intelligence from massive amounts of data. For 25 years, SAS has been giving customers around the world The Power to Know(tm).
For further information, please contact the team at the SAS press office on:
Tel: +44 (0)20 7841 5738, fax:+44 (0)20 7240 1910 or e-mail
For more information on SAS, please visit http://www.sas.com/uk
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