October 13, 2010 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation in the 2010 Annual Conference of the Institute of Internal Auditors (IIA), UK and Ireland. The event will be held in London on October 13-14, 2010, and will bring together internal auditors to explore the challenges and best practices in their profession.
Aptly themed ‘The Time is Now,’ the event will shed light on how internal auditors are seizing the moment to play a key role in strategic decision-making. Since the recent financial crisis, organizations worldwide have begun relying on internal auditors to steer their business through the risks that lie ahead, ensure compliance with the growing number of regulations, address IT vulnerabilities and improve business momentum. Faced with these new expectations, auditors will need to expand their existing role and take on new challenges and responsibilities. They will have to improve collaboration with top management and audit committees and provide assurance to stakeholders at every step of the way.
The IIA conference will help address these challenges and explore ways in which auditors can drive strategic value while increasing efficiency, rigor and quality. Participants will get the opportunity to network with peers and listen to a number of renowned speakers share their experiences with auditing.
MetricStream will be participating in the two day event and showcasing its market-leading internal audit solutions. MetricStream is constantly breaking new ground in innovation, and is committed to providing its customers with sophisticated, flexible and user-friendly solutions. Over the years, the company has emerged as the preferred GRC partner of some of the world’s largest and most well-known organizations. Internal auditors use MetricStream solutions to meet the challenges and responsibilities ahead of them with ease and confidence.
MetricStream Audit Management Solution is a comprehensive framework designed to address a range of audit related activities including audit planning and scheduling, data collection, the development of audit reports, and the review and implementation of audit recommendations. Built on a single platform, the solution streamlines audit management across business departments, units, processes and locations. This integrative pattern of functioning helps break down organizational silos, enhance collaboration across the enterprise and reduce operational redundancies.
Powerful dashboards with drill-down capabilities provide real-time visibility into the organization’s risk and compliance managementprofile, enabling both auditors and managers to make timely strategic decisions regarding risk and compliance management. Issues that arise during auditing are automatically resolved or routed to the appropriate personnel for resolution.
The solution contains advanced functionalities such as embedded best practices, risk assessment methodologies and automated alerts which enable auditors to stay on top of risk management, while ensuring compliance with international regulatory and quality standards. Added features include a centralized document repository to easily store and access all information, and a comprehensive training module to manage all audit training courses schedules and requirements.
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations 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 management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream’s customers include Procter & Gamble, UBS, Societe Generale, Pfizer, Philips, Cummins, Kellogg’s, Mondelez International, SanDisk, and NetApp. MetricStream also owns and operates the www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).