February 28, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation at the Utilities & Energy Compliance & Ethics Conference which will be held from 27th February to 1st March, 2011 in Houston, Texas. The conference will cover a range of topical issues in the Energy and Utilities industry, such as proactive and sustainable NERC/FERC compliance, best practices for FCPA compliance, mitigation of third-party risks and implementation of an effective Ethics and Compliance framework.
Faced with increasingly complex regulatory norms, Energy and Utility companies are striving to establish an integrated, enterprise-wide approach to compliance management. However, the sheer number of regulations and scale on which they have to be implemented, puts tremendous pressure on company costs, resources and productivity. Regulatory scrutiny is stringent, and noncompliance affects both company finances and brand value.
To overcome these challenges and simplify compliance management, the Utilities & Energy Compliance & Ethics conference will provide insights and practical knowledge on a range of critical compliance issues. Compliance and Ethics professionals will get the opportunity to participate in in-depth discussions and educational sessions, network with peers and listen to industry experts share their insights.
Participating in the event is MetricStream who will be showcasing its world-class Compliance and Ethics Solutions. MetricStream Solutions have been implemented in some of the largest and most respected Energy and Utilities companies. They have enabled organizations to streamline and simplify GRC management, thus increasing efficiency, reducing costs and boosting brand value.
MetricStream NERC Compliance Management Solution is built on a common platform that can be integrated across global operations, business units and departments. The system empowers Energy & Utilities companies to improve collaboration, eliminate restrictive silos and manage all NERC CIP compliance requirements from a single point of reference. Powerful reporting capabilities, dashboards and heat maps provide enterprise-wide visibility into the NERC compliance process, highlighting issues that need to be addressed.
MetricStream FERC Compliance Management Solution combines software and content to deliver a cutting-edge system, replete with best practices, access to training programs, integration with regulatory notifications and a common document management repository. Using the solution, companies can define and maintain a centralized FERC compliance structure to efficiently manage all risks, assess controls and seamlessly resolve issues.
MetricStream solutions also provide a flexible framework to ensure compliance with Ethics guidelines such as FCPA. The solutions streamline FCPA ethics programs, improve communication and ensure accountability towards ethical practices.
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).