Governance, Risk, Compliance (GRC) Solution

The value of GRC lies in managing uncertainties and leveraging opportunities that emerge out of the rapidly changing business environment.

Financial industry, across both large and mid-tier sectors, is observing the widespread adoption of the GRC platform to navigate the complexity of the governance, risk, compliance and audit programs. However, pursuing an integrated GRC vision is not an easy task - it requires organizations to meet varied expectations of all the stakeholders, collaborate with different business groups and integrate disparate IT systems operating in different environments. Nevertheless, the market is swiftly moving towards an integrated vision because the risk of not implementing a GRC program is far greater than the challenge of collaboration.

In many cases, the existing infrastructure for managing GRC is unsustainable. In most organizations, multiple groups, often located in different geographies, are running the GRC programs in silos using either excel spreadsheets or legacy systems developed internally. Various compliance, risk and audit groups have their own processes and styles of functioning that are different and, sometimes, even in contradiction to one another. Business line managers and IT bring in their own perspectives that further complicate the adoption of a unified approach.

The MetricStream GRC Platform, consistently rated in the leadership category by leading independent industry analysts, facilitates collaboration, increases transparency and provides real-time intelligence for managing GRC programs. Leading financial organizations are rapidly adopting MetricStream GRC Platform because of its ability to:

• Provide a matured GRC information model that truly integrates risk, audit, and compliance programs by aggregating and correlating data logically
• Establish structured governance, risk management and compliance processes that are well aligned with corporate objectives
• Easily evolve as the business landscape changes, thanks to the highly flexible technology that supports the platform
• Allow easy upgrade and modification of existing modules with the built-in App Studio and the workflow engine
• Provide comprehensive reporting that comes pre-packaged with standard reports and also includes a report-wizard to easily create ad-hoc reports
• Adopt the existing IT infrastructure seamlessly due to its open architecture and technology

The MetricStream Solution is based on an integrated GRC Platform for successfully managing risk and meeting regulatory requirements while lowering the associated costs that can otherwise be substantial. The MetricStream GRC platform, rated in the leadership category by leading independent analysts, facilitates this functionality using core modules such as the reporting engine, the data integration engine, the workflow engine, the app studio among others.

Downloads

• Whitepapers: Integrated Risk and Compliance Management Solution: Benefits of a Holistic Approach
• Solution Brief: Integrated GRC in Financial Services : Improving visibility and increasing effectiveness

Featured

Recorded Webinar: Rethinking Operational Risk
Expert Speaker: Christopher E. Mandel
MBA, CPCU, CCSA, ARM, AIC, RWW
September 28,2011

Select Customers in Banking

Analyst Research

Access a complimentary copy of Gartner Magic Quadrant for Enterprise Governance, Risk & Compliance Platforms, 2011 to get an up-to-date view of the GRC platform landscape.
July 2011 | Read Report

Download a complimentary copy of The Forrester Wave™: Enterprise Governance, Risk, And Compliance Platforms, Q4 2011

November 2011 | Download Report