Most compliance initiatives start as projects to meet compliance deadlines for a specific regulation. However, compliance is not a one-time event.Organizations are thus redesigning their compliance programs to make them repeatable, sustainable, and cost-effective.
Traditionally, homegrown systems, stand-alone applications, or even manual paper-based systems have been used to manage various compliance processes at the departmental level. But as various compliance initiatives become more intertwined from a regulatory and organizational perspective, multiple and disparate systems lead to duplicate, and often contradictory processes and documentation. Such environments do not provide clear visibility into organizations' risk and compliance profiles. They also bring down efficiency, and escalate the risk of non-compliance.
MetricStream Compliance Management 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 industry focused regulatory guidelines from FDA, FERC, FAA, HACCP, AML, Basel II, and Data Retention laws.
Benefits of the Compliance Management Solution