March 8, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation at the 12th Annual Risk Management Convention. Organized by the Global Association of Risk Professionals (GARP), the convention will be held on March 8-9, 2011 in New York, NY. It will feature well-known industry experts providing critical insights into key Risk Management concerns such as building an organizational risk culture, managing various types of risks efficiently, and understanding the psychology of risk.
As the financial crisis subsides, businesses are heaving a sigh of relief. The worst may be behind them, but their challenges are far from over. A new and more complex risk landscape confronts them. Coping with these risks effectively calls for a resilient and robust risk management program - a tall order especially for large scale businesses with operations scattered across the globe. How do you manage a growing range of risks and compliance regulations across countries? How do you prevent the risk of future financial crises with greater repercussions than the last?
The GARP Risk Management Convention will provide key insights into these issues. Participants will get the opportunity to listen to risk management experts, network with peers and gain insights on effective risk management.
MetricStream will be participating in the two-day event and showcasing its market leading Enterprise Risk Management (ERM) and Operational Risk Management (ORM) solutions. Used by leading organizations across countries and industries, MetricStream Solutions are renowned for their innovation, ease of use, flexibility and scalability.
In the financial industry, MetricStream Solutions have enabled some of the largest banks and insurance companies to streamline risk management across global enterprises, automate workflows, track risks consistently and ensure compliance with the complete spectrum of regulations.
MetricStream ERM Solution is built on a single platform which helps financial institutions identify, assess, quantify, monitor and manage enterprise risks in an integrated manner. The solution provides a single coordinated point to converge all risk-related data, as well as their corresponding controls and assessments, Key Risk Indicators, and Issues and Remediation plans.
MetricStream ORM Solution also provides a single platform to document and assess operational risks, define controls, manage audits, and implement recommendations and remediation plans. The system uniquely combines software and content to deliver a complete, holistic risk management solution. Risk heat maps, risk scorecards and role-based dashboards provide enterprise wide transparency into the risk management status.
MetricStream Solutions come equipped with powerful capabilities including best practices, a centralized document repository, time tracking, email-based notifications and alerts and a built-in status tracking and reporting system.
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).