Compliance Management
Most compliance initiatives start as projects as companies race to meet the deadlines to comply with a specific regulation. However, compliance is not a one-time event and organizations are redesigning their compliance programs to make them repeatable process that can be sustained cost-effectively.
Traditionally, homegrown systems, stand-alone applications, or even manual paper-based systems have been used to manage various compliance processes at the departmental level to serve the needs of specific user groups. As various compliance initiatives become more intertwined from regulatory and organizational perspectives, multiple and disparate solutions lead to duplicative, and often contradictory, processes and documentation. Such environments do not provide clear visibility into the organizations' risk and compliance profile, bring down efficiency, and escalate the risk of non-compliance.
MetricStream Compliance Management software solution provides a common framework and an integrated approach to manage all compliance requirements faced by an organization. It enables companies to manage cross-industry mandates and regulations such as SOx, OSHA, EH&S, and FCPA as well as the industry focused regulatory guidelines from FDA, FERC, FAA, HACCP, AML, Basel II and Data Retention laws.
- Consistent compliance and controls process across the enterprise eliminating any deviations and errors as well as redundant activities.
- Automated information flows, assessments and testing, and remediation assignments reducing over all compliance costs.
- Streamlined controls management enabling process owners to take direct responsibility for managing controls while auditors can focus on key compliance risks and project oversight.
- Compliance dashboards and risk heat maps provide enterprise-wide visibility into the compliance management process and highlight issues that need to be addressed.
- Integrated document management with change control capabilities keeps compliance documentation and business processes in sync.
