September 25, 2012 | Palo Alto, California: MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions, today announced its participation in the Committee of Chief Risk Officers (CCRO) Risk Networking Summit which will be held on September 26-28, 2012 in Texas.
In the recent years, energy organizations are giving a great deal of attention to operational risks and making it a priority to establish an effective operational risk culture within the organization. Emerging governance and regulatory requirements also indicate that energy organizations need to create a risk- aware business culture to alleviate operational risks. Being one of the most vulnerable industries that is easily prone to cyber-threats, blackouts and outages, they need to implement a more effective operational risk management program that will help them manage and monitor risks that relate to quality, safety, environment, and security maintained within the organizations.
MetricStream Operational Risk Management (ORM) Solution provides strategies, methodologies and risk reporting capabilities which enables energy organizations to adopt a more proactive, collaborative, and transparent approach to manage operational risks. Built on an integrated GRC platform, the ORM solution is equipped with improved usability, enhanced risk assessment capabilities, loss tracking, and real-time risk intelligence that can harmonize and streamline all risk-related processes and data. Capabilities like risk-control assessments, continuous risk monitoring, key risk indicators, risk heat maps and issue management ensures that risks and controls are well documented and appropriately assessed. Role-based dashboards, control diagrams, and scorecards provide visibility into on-going ORM management efforts, and highlight high-risk areas. The solution tracks remedial actions to closure, and provides the capability to embed standardized operational risk management practices across the entire value chain.
MetricStream is the 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 UBS, Société Générale, 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).