90%*Reduction in the time taken to manage compliance activities
50%*Fewer compliance issues
300%*More coverage on compliance and control monitoring
Compliance Management App
The MetricStream Compliance Management App simplifies and strengthens compliance with regulations across the organization, improves visibility into control effectiveness, and helps ensure timely issue remediation. The app’s common framework helps manage a wide range of compliance requirements in an integrated manner. It also aligns internal policies, standards, laws, and regulations, thereby eliminating inefficiencies and redundancies.
Leading companies use the MetricStream app to efficiently manage cross-industry regulations as well as industry-focused regulations. The app streamlines compliance processes with standardized workflows and support for self-assessments, surveys, and issue remediation. In addition, it provides real-time insights into compliance processes through intuitive dashboards and charts, thereby enabling informed decision-making. The app's multi-dimensional organization structure functionality enables organizations to model their compliance programs based on their complex organizational setups. The app is certified for conformance with global accessibility standards and best practices as defined by WCAG 2.1 Level AA and Section 508.Request a Demo Business Value Calculator
Enabling High Performers
Responsive and personalized interface designed for compliance officers
Highly configurable to meet your specific compliance requirements
Mobile ready, enabling compliance assessments anywhere, anytime
Compliance insights and intelligence for better decisions
Fast, lean, ready for the future
Capture, store, and monitor regulations through the app’s integration with reliable and authoritative regulatory content sources. Map regulatory updates to risks, controls, and policies, and stay informed on these updates through automated notifications and alerts.
Create a structured and logical internal control hierarchy, including processes, assets, risks, controls, and control activities, along with appropriate linkages between these data elements. Maintain associated policies and procedures, reporting requirements, and filing templates and schedules for various regulations.
Design control tests or self-assessment plans in the form of surveys and questionnaires. Select control samples, and assign them to control owners, including testers and assessors. Document the results of control tests or self-assessments, capture non-compliance issues, and certify the effectiveness of the controls.
Identify and document control deficiencies and issues. Mark issues for remediation, and assign them to the respective owners. Create and implement remediation plans, and route them to reviewers for approval. Accelerate the process by automating workflows, notifications, and reporting. In addition, enable real-time tracking of issue remediation.
Gain comprehensive visibility into compliance management processes through graphical dashboards with drill-down capabilities. Leverage a variety of configurable reports to monitor key control attributes, self-assessment and evaluation plans, control design status, process ownership, test results, and other factors.
Delivering Business Value
- Build confidence in compliance by staying updated on multiple complex regulations and the velocity of regulatory change
- Minimize the costs of compliance by rationalizing controls
- Avoid the risk of compliance violations, penalties, and reputational damage with timely insights on compliance readiness at each organizational level
- Improve the efficiency of the compliance function by automating control assessments and testing
- Demonstrate the maturity of the compliance function to regulators by adopting a structured and sustainable approach to compliance management
- Proactively identify potential compliance risks through consistent and streamlined processes for control documentation, assessments, and testing
- Improve business performance and decision-making through a unified and real-time view of the organization’s compliance status
The benefits of using MetricStream are that everything is in one system; everything has a single taxonomy...We have combined all our risk definitions in one central occasion, so that it’s easy to report on and people know what a high-risk issue is.
MetricStream Compliance Management Software Solution
As the volume and complexity of regulatory requirements increase, organizations are fast realizing the impracticality of managing compliance in multiple, siloed initiatives – especially when there are overlaps between various regulations and controls.
The MetricStream Compliance Management Solution brings together and links compliance regulations, processes, controls, and risks in a central point of reference, so that you have the visibility you need to effectively manage and monitor compliance. The solution also harmonizes and streamlines control processes, strengthening compliance efficiency.
Organizations across the world use our compliance management software to cohesively manage multiple compliance requirements – be it cross-industry mandates such as SOX and FCPA, or industry-specific regulations such as NERC, Basel III, and FDA guidelines.