Chartis RiskTech Quadrant® for GRC Solutions: Vendor Highlight Report

Enterprise GRC Solutions

MetricStream is the leading provider of solutions for Governance,RiskCompliance (GRC), and Quality Management. Organizations today need a systematic approach to defining and managing GRC initiatives and quality management programs. Instead of a series of unrelated tactical projects, they need a sustainable and integrated GRC and quality management process that is aligned with corporate strategy. MetricStream has enabled leading corporations in diverse industries to make the shift from isolated compliance initiatives and departmental silos of risk-related information, to integrated enterprise-wide strategies for GRC and quality management.

MetricStream solutions address a growing range of compliance issues that affect business operations by delivering regulation-specific functionalities based on industry best practices. Customers gain the visibility they need into business processes to pinpoint and eliminate inefficiencies that increase non-compliance risks and compliance costs.

The MetricStream solution provides a single application environment to manage compliance with multiple regulations, corporate policies, and quality standards. Its enterprise approach makes it a system of record for all quality, compliance, and risk issues within the organization, and allows it to provide a comprehensive view into performance and risk related metrics. It also enables companies to deploy consistent GRC and quality processes across the entire organization.

MetricStream uniquely combines software and content to deliver solutions with embedded best practice templates, access to compliance training programs, and integration of business processes with regulatory notifications and industry alerts.

Leading companies across industries are using MetricStream solutions today to manage, measure, and improve their key compliance and quality processes.

Benefits of MetricStream GRC Solutions

  • Enables effective governance with streamlined policy documentation, communication, and implementation
  • Lowers risk exposure with heat maps and data analytics serving as early warning systems
  • Improves control over and visibility into compliance related business operations
  • Enables better resource utilization, and consistent and collaborative management of tasks, processes, and data
  • Reduces compliance costs with elimination of redundant systems and inefficient processes