Understanding, experience and technology for success
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 a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government and Manufacturing to manage their risk management, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com