August 29, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that it is participating in the 2011 Governance, Risk and Compliance Conference organized by the Institute of Internal Auditors (IIA). The conference will be held on August 29-31, 2011 in Orlando, Florida, and is based on the theme of ‘Elevating Risk Management: Do You Have the Right Seat at the Table?’ Audit executives, directors and management attending the conference will learn how to play a more strategic role in their organizations, and create optimal business value.
As business risks and compliance regulations grow more numerous and complex, internal auditors are being called upon to play a larger and more crucial role in strategic development. Organizations are relaying on them to provide valuable risk-based intelligence and advice that can be leveraged to proactively mitigate risks, prevent fraud, assure regulatory compliance, and ultimately protect stakeholders and customers. Therefore, internal auditors have to adopt a more proactive, collaborative, transparent and sustainable audit approach that is closely aligned with the organization’s strategic objectives and vision.
The IIA’s 2011 GRC Conference will address some of these critical issues, as well as fraud, ethics, enterprise risk management and sustainable compliance. Audit experts and thought leaders will share key insights and practical strategies on how audit officers can strengthen their role and contribution to the organization.
MetricStream will be participating in the conference and showcasing its market-leading audit management solution. Used by leading global corporations across diverse industries, the MetricStream solution is recognized for its innovative capabilities, flexibility, extensibility and ease of use. It is also known for its unique combination of technology and content with built-in best practices, standards and guidelines.
MetricStream Audit Management Solution provides a single information model and an integrated approach to map all risks to organizational goals, policies, auditable entities, controls, assessments and action plans. Thereby, organizations can tightly embed internal auditing into the organizational hierarchy, and align it with business strategy.
The solution also transcends functional and business silos, and facilitates a collaborative and integrated approach to audit management. It streamlines end-to-end audit lifecycles, and provides a centralized repository of risk-control assessments, audit findings, milestones, history, loss data and other relevant metrics which are crucial in decision making. The solution also contains a host of advanced functionalities such as workflow automation, flexible reporting, email-based notifications and alerts and offline auditing.
Powerful dashboards, risk heat maps and color-coded charts with drill-down capabilities provide real-time and in-depth intelligence on the status of risks and progress of audit programs. This enables audit managers to proactively identify vulnerabilities, trends and opportunities for improvement, and communicate the same to top management.
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).