June 6, 2008, Redwood Shores, California - MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that it is participating at the GRC Conference 2008 being organized by Electric Utility Consultants Inc., (EUCI). The conference is being held on June 10-11 at the Hyatt Regency hotel in Atlanta, GA.
Charles Goldenberg, VP of GRC Solutions at MetricStream will present a pre-conference dinner workshop on June 9 that would focus on management of regulatory compliance costs. His presentation on the topic “Managing the Costs of Regulatory Compliance - Taking a Unified GRC Approach” will include a MetricStream customer case study on a forward-thinking power company that is taking a broader and integrated approach to manage GRC processes effectively. With an integrated GRC framework, the company has aligned its GRC initiatives centrally with corporate governance and reporting that is distributed to lines of business to assign ownership, execution, and accountability. Such an approach has resulted in a dramatic and positive impact on organizational effectiveness by providing a clear, unambiguous process and a single point of reference for the organization. Another significant benefit of this approach has been cost containment of the GRC effort. The workshop will demonstrate the applicability of this approach to the broader power and energy industry.
This conference is focused on the power industry where regulatory complexity and risk exposure are vital business issues. Industry events and related legislation of the past few years have compounded the gravity of this relationship through the addition of governance, ethics and reliability mandates. Most power company professionals active in these areas while aware of the soft spots in their organization are not fully equipped with strategies and tools for dealing with these vulnerabilities effectively. The conference will also offer presentations by some of the leading industry players who have developed blueprints for dealing with the myriad governance, risk, ethics and compliance challenges in a coherent and cohesive fashion.
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).