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MetricStream to Showcase Its Integrated Audit, Risk and Compliance Solutions at IIA Financial Services Conference

May 28, 2009 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that it is participating in the The Institute of Internal Auditors (IIA) 2009 Financial Services Conference. The conference is being held on June 1-3, 2009 in Orlando, Florida.

Recognized throughout the industry for its market leading Internal Audit Management solution, MetricStream has helped several banks and financial services companies integrate and streamline their internal audit processes as well as other GRC disciplines-including risk management, regulatory compliance and financial controls. The solution has been successfully implemented at a number of premier financial institutions including global banks, stock exchanges, central banks, health insurance providers as well as several other Fortune 500 clients in diverse industries like energy, utilities, oil and gas, airlines, retail, life sciences, healthcare, hi-tech and manufacturing.

Recent MetricStream client wins have been driven by customers’ need to replace an array of disconnected legacy application, point solutions and desktop tools being used to conduct internal audits with an integrated enterprise-wide system that supports all the auditors tasks and functions as well as allows the flexibility to be configured to for diverse business needs such as audits, assessments and inspections related to operations, quality, safety, suppliers and IT.

At the conference, MetricStream will showcase the comprehensive functionality of its solution for conducting risk-based audits, including audit planning and organizational modeling, managing audit work papers, evaluating risks and compliance, tracking time, budgets and resources, driving issue resolutions and action plans in order to improve internal controls as well as performance of business processes.

With the financial crises in the background, this year’s conference attendees will learn oversight and auditing strategies in over 28 concurrent sessions on issues such as whistleblowing, economic stabilization, employee fraud, enterprise and operational risk management, compliance assurance and continuous auditing.

"We are pleased to join financial services executives at this important industry event," said Gaurav Kapoor, CFO and General Manager at MetricStream. "MetricStream's Internal Audit Management solution has comprehensive functionality and proven scalability for global implementations. Our platform architecture provides the additional advantage of an integrated GRC solution, which not only includes Internal Audit and Risk Management but also Regulatory Compliance, Policy Management and Company Ethics. We look forward to sharing our functional and technical expertise in helping banks and financial services companies meet critical internal audit challenges.”

About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, NASDAQ, UBS, Sandisk, BP, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a 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.

Media contact:
pr@metricstream.com