February 10, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that one of the largest financial planning and advisory services companies in North America has chosen MetricStream GRC Platform to manage its risk, compliance and audit requirements. MetricStream GRC solutions will enable the client to streamline the management of Operational Risk, IT Policy and Risk, audit management, and compliance with regulations such as Sarbanes-Oxley (SOX). MetricStream solutions will also help the client enhance process visibility and facilitate a more efficient workflow.
The financial services institution helps hundreds of thousands of customers manage their finances and protect their assets better. It offers a broad array of financial planning products and services to enable people to save, spend and invest wisely.
Complying with audit and regulatory demands is a top priority at the company. It has ongoing programs for all risk and assurance functions supported by localized and stand-alone systems; however, with the regulatory and risk environment becoming increasingly complex, the company was looking to upgrade its systems and adopt a collaborative, enterprise-wide approach to GRC.
The company wanted a solution that could help manage Internal Audits, Compliance, and Operational & IT Risk in a proactive, efficient and consistent manner. MetricStream stood apart from other solution providers because of its extensive experience in the financial services industry, its robust information model, the sophistication of its GRC Platform and its commitment to meet the client’s specific requirements.
Having worked with leading financial companies across the world, MetricStream understands the unique challenges of the sector and implements its solutions to meet those needs. With MetricStream GRC solutions, financial service providers can confidently manage all risks, controls and compliance regulations. In addition, customers can manage assurance programs and the entire audit lifecycle with ease and efficiency, right from the planning stage, to fieldwork, to the implementation of audit recommendations.
Built on an enterprise-ready GRC Platform, MetricStream solutions can streamline collaboration and simplify workflow management across the enterprise. They enable business, geographic and departmental silos to be broken down in favor of a collaborative pattern of functioning. Automated, workflow-driven capabilities eliminate manual, error-prone and time-consuming processes, helping companies save valuable resources and manpower while ensuring accuracy and consistency.
Powerful dashboards and reporting features enhance visibility into GRC processes at any stage. Each dashboard provides drill-down capabilities for a more nuanced perspective into risk, compliance and audit data, enabling managers to make timely, informed decisions. In addition, a centralized information repository provides easy access to a library of records, documents, policies and regulations.
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).