September 09, 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 10th Annual Compliance & Ethics Institute organized by the Society of Corporate Compliance and Ethics (SCCE) on September 11th-14th, 2011 in Las Vegas, Nevada. The conference is one of the top education and networking events for compliance and ethics professionals seeking to learn the latest methods and strategies for developing and improving their compliance programs.
With the introduction of new regulations such as the Dodd-Frank Act, and increased focus on anti-corruption regulations such as FCPA, it is becoming increasingly important for organizations to have a robust, efficient and sustainable compliance management program in place. Regulatory oversight is becoming more pronounced while stakeholders are demanding to see evidence of well-planned and well-managed compliance programs. The stakes are high, as noncompliance can lead to several serious penalties including long-lasting reputational damage.
SCCE’s 2011 Compliance & Ethics Institute is targeted at providing compliance professionals with the information, practical strategies and networking opportunities required to strengthen their compliance management programs. The conference is designed to address several current compliance issues such as bribery and the FCPA, effective internal investigations, responding to the Dodd-Frank Act, and strengthening one’s role as a Compliance officer.
MetricStream will be participating in the event, and showcasing its market-leading Compliance Management solutions for corporate compliance and regulatory compliance. Built on a centralized GRC platform, the MetricStream solutions provide an integrated approach for managing the complete spectrum of regulatory mandates such as the Dodd-Frank Act, SOX and FCPA, as well as corporate requirements such as HR policies and procedures, privacy policies and IT security norms. The solutions streamline and automate end-to-end compliance workflows - right from policy creation and management, to control design and assessments, to survey management, periodic audits, issue investigation and remediation, and communication and training.
Using the MetricStream solutions, companies can define and maintain a centralized structure of the overall compliance and control hierarchy including processes and assets in scope, risks for the processes and assets, controls to address the risks and mechanisms to assess the controls.
A centralized Web-based repository simplifies the storage and organization of corporate policy documents, while integrated collaboration and work-flow tools enable policy creation, modification, review and approval across the global enterprise. The solution tightly integrates corporate policies with the compliance, risk and control framework. Italso facilitates the distribution and acceptance of policies, and enables the tracking of policy exceptions.
In compliance with corporate policies and regulatory requirements, the MetricStream solutions provide a systematic approach to internal control management. Embedded best practices and control frameworks such as COSO and COBIT help companies define and implement controls. The solutions also support control assessments based on predefined criteria and checklists with a mechanism for scoring, tabulating and reporting results. Powerful dashboards and reports provide real-time insights into control management processes and metrics, enabling managers tomake quick, proactive and informed strategic decisions.
The solutions also allow automated testing of controls for optimal efficiency and cost-effectiveness. Issues identified during the testing or assessments are automatically routed througha systematic and closed-loop process of investigation and remediation.Automated alerts keep the process on track, and ensure that each issue is followed through to closure.
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).