CGC accelerates risk management program with SAS

To enhance its overall risk management system and improve small and medium enterprises (SME) portfolio management and outreach, Credit Guarantee Corp. Malaysia Berhad (CGC) selected SAS, the leader in business analytics software and services.

With SAS Enterprise GRC, SAS Financial Management and SAS Business Analytics, CGC expects greater efficiency in risk data reporting and analysis. Centralizing CGC’s risk data storage, SAS will quickly trigger alerts when CGC’s risk appetite rules are violated. The quick identification of potential problems helps CGC better manage its risk exposure and provide more effective loan quality.

SAS will serve as an administration platform for CGC to continually develop and maintain its credit rating model, which is essential for loan quality management. The system will also enhance strategic decision-making and risk mitigation through early warning signals and proactive risk monitoring.

“CGC’s credit risk and operational management system will enable us to be more proactive in risk management monitoring and provide better credit quality and overall risk management,” said Datuk Wan Azhar Wan Ahmad, CGC’s Managing Director.

Datuk Wan Azhar added that the dynamic risk management system reflects CGC’s resolve to further expand its outreach to all sectors of the economy. “With improved risk monitoring and enhanced efficiency, CGC will be able to better manage its diverse portfolio of SMEs and offer financing to those most viable and deserving.”

Datuk Wan Azhar further stressed that the faster and more reliable risk reporting system aligns with CGC’s efforts to improve its loan quality and continually enhance services to the SMEs that form a vital segment of the economy.

“Over the past 35 years, we’ve helped companies like CGC meet their objectives by combining innovation and a passion for business analytics,” said Andrew Tan, SAS Malaysia’s Managing Director. “We see CGC benefiting greatly from faster and more reliable risk reporting.”

Tan added, “SAS helps eliminate errors in risk identification, provides a new ability to pinpoint a specific risk sector and factor, and solves the huge challenge of integrating data of different variables from different systems for ad hoc reporting.”

With SAS’ proven analytics expertise and extensive experience as a reliable risk solution provider for financial services institutions, CGC is confident that the investment in its credit risk and operational management system will further enhance its position as the country’s leading credit guarantee provider for SMEs.