September 20, 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 19th Annual Ethics and Compliance Conference organized by the Ethics & Compliance Officer Association. The conference will be held on September 20th-23rd, 2011 in Bellevue, Washington. Featuring a range of distinguished speakers, the conference will address some of the most critical issues facing ethics and compliance practitioners today.
As organizations grow larger and more globalized, it is becoming increasingly important to have a sound compliance and ethics program integrated into every aspect of the business. Beginning at the top, and extending down to employees at the frontline, a compliance and ethics program should facilitate an enterprise-wide culture of compliance. This strengthens the organization’s ability to comply with regulations such as FCPA and Dodd-Frank. It also enhances the organization’s reputation in the eyes of stakeholders, customers and prospects.
ECOA’s 19th Annual Ethics and Compliance Conference will bring together ethics and compliance professionals from across the world to discuss and learn strategies and best practices for strengthening their compliance programs. A host of compliance experts and distinguished speakers will provide thought-provoking sessions on topical concerns such as leveraging technology to influence ethical culture, aligning policy management with ethics and compliance, conducting effective investigations, and complying with regulations such as FCPA and the UK Anti-bribery Act.
MetricStream will be participating in the conference and showcasing its renowned Compliance, Risk and Audit Managementsolutions. Chosen by leading global companies across industries, MetricStream solutions are known for their scalability, flexibility and innovative capabilities.
The solutions are built on a centralized platform which acts as the nucleus of the organizational GRC framework. It extends across business and functional silos, fosters seamless collaboration on various compliance processes, and enables the creation of a single information model across the enterprise. This integrated approach helps organizations share information more effectively, derive meaningful risk and compliance insight, and reduce redundancies and duplicate activities.
MetricStream Compliance ManagementSolution streamlines and automates end-to-end processes for managing compliance with regulations 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.
Using the solution, companies canaccelerate the creation, development and communication of compliance policies and procedures, efficiently map them to regulatory requirements, and closely track policy gaps and exceptions.
The solution also simplifies the definition and management ofcontrols through embedded best practices and leading control frameworks such as COSO and COBIT. It supports flexible control assessments, and enables automated control testing which, in turn, saves valuable time and resources.
MetricStream Audit Management Solution enables organizations to assess the effectiveness of compliance controls, and proactively identify risk areas. The solution streamlines the complete internal audit lifecycle, beginning with risk assessments and scoping, and extending to audit planning and scheduling, field data collection, reporting, reviews, and implementation of audit recommendations.
Powerful graphical dashboards, charts and heat maps provide real-time insights into controls and compliance processes, helping organizations effectively determine the status and results of these processes. Issues that are discovered are immediately routed through an investigation and remediation process with automated alerts keeping the process on track till the issue is closed.
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).