Leading research firms have ranked The Avanon System's functional coverage among the highest of all vendors in the Operational Risk Management space.
A core design principle and strength of The Avanon System is to ensure that all relevant functionality is self-contained and completely built in to the solution. By this we mean it is really based on a single data model, there are no 3rd-party components involved, no interfaces between the various functional modules and ultimately, much less complexity and cost in terms of consistent behavior, implementation overhead and ongoing maintenance.
The degree of 'complete functionality' also serves as an indicator of system maturity. Avanon's commitment to this goal is evidenced by the ease with which it can adapt to evolving and new risk and compliance frameworks, without major changes to the product.
"...operational risk extends beyond mere IT activities and pure policy compliance. It also includes managing the business consequences of inappropriate risk taking, deficient management practices, and strategic risk and capital management. It is part of all business activities and is a direct contributor to many situations that result in credit and market risk losses, as well as enterprise operational performance..."
Gartner Research, 2009