Palo Alto, CA (PressExposure) March 15, 2013 -- MetricStream, the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions announced today that a leading financial services company has adopted its solution for implementing an integrated Enterprise and Operational Risk Management program.
MetricStream is enabling the company build a consolidated, integrated and proactive approach to manage its worldwide programs for Enterprise Risk Management (ERM), Operational Risk Management (ORM), regulatory, IT and financial controls, policy management, and issue management.
With the MetricStream solution, the company will strengthen visibility into their risk data, streamline risk and control assessment processes, and facilitate greater collaboration between business functions. The solution will also enhance decision-making and risk mitigation by providing robust capabilities for risk reporting, risk analysis, dynamic scenario analysis, and KRI monitoring. Identification and tracking of loss events, near misses and potential issues will help better manage their risk exposure to optimize business performance.
The company was looking for a single solution to centralize the firm's ERM and ORM programs and facilitate consistent risk reporting and compliance across their global operations. MetricStream solution, with its flexible data model and federated approach to GRC, proved to be the right fit for their multi-dimensional business structure and requirements. The solution also offers a great degree of scalability and configurability, and supports multiple currencies and languages, all of which simplifies a global deployment.
The MetricStream solution will help the company integrate and monitor compliance activities around SOX control testing, adherence to Basel II, and other regulatory requirements from federal and state agencies.
Powerful capabilities include a centralized repository to store all policies, risk-control libraries, and graphical dashboards with real-time risk and compliance insights, which will enable the company to drive proactive risk management programs.
MetricStream has proven expertise and extensive experience in delivering risk management solutions to multiple financial services institutions. Financial services organizations rely on collaboration across internal groups to ensure that risk information from finance, legal, HR, audit, IT, compliance, and security is centralized and analyzed for quick decision-making.
The recent financial crisis, continued economic volatility, and exposure to losses require that financial institutions around the world make risk management a top business priority. Firms are also increasingly realizing that in order for risk management to be effective it needs to be embedded into every business process. As such, MetricStream's integrated and enterprise-wide approach to risk management enables organizations to leverage data to drive decision making and continued business performance.
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, Twitter, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the [http://www.ComplianceOnline.com] portal. MetricStream is headquartered in Palo Alto, California and can be reached at http://www.metricstream.com.