• 67%*
    Improvement in risk reporting visibility and efficiency for the executive management and board
  • 80%*
    Improvement in risk and control framework related operational efficiency
  • 15x*
    Improvement in risk metrics tracking
*Source: Customer responses and GRC Journey Business Value Calculator

Enterprise Risk Management App

Today’s dynamic business landscape is replete with a multitude of internal and external risks, making risk mitigation a key element in propelling business growth. Enterprises need simple and effective ways to detect, evaluate, and mitigate risks, while ensuring that risk management programs are pervasive across the organization.

The MetricStream Enterprise Risk Management App enables a structured and systematic approach towards managing organizational risks. By supporting uniform risk assessment methodologies and standards, the app provides an accurate understanding of risks across the organization and clear visibility into the top risks. Multi-dimensional risk assessments based on several qualitative and quantitative parameters can be performed to establish the organization’s risk profile. Real-time insights into risk management programs are offered through powerful analytics, advanced heat maps, reports, dashboards, and charts. 

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Enabling High Performers

Responsive and personalized interface designed for risk assessors and managers

Highly configurable to meet your specific risk and control assessment requirements

Mobile ready, enabling assessments anywhere, anytime

Risk insights and intelligence for better decisions

Fast, lean, ready for the future


Process and Risk Repository

Identify and define business objectives, processes, products, risks, and controls, and establish and maintain relationships across these data elements. Document and manage a wide array of enterprise risks and associated details such as risk description, category, hierarchy, and ownership using a centralized library and risk framework.

Access advanced tools for planning, scheduling, and performing risk assessments, and once the assessments are complete, route the results for review and approval. Perform assessments easily with a simple and intuitive user interface.


Enable both top-down and bottom-up approaches to risk assessments. Manage simple assessments by rating a risk, or advanced assessments using multiple factors and advanced risk scoring to meet variations in the risk assessment methodology across business units, regions, and products. Add or delete risks and controls on the fly while performing an assessment. Also, assess the overall control environment based on multiple factors.


Define the logic for computing inherent and residual risk scores, and analyze them through heat maps. Aggregate the scores based on averages, worst-case scenarios (maximum), or best-case scenarios (minimum). Roll up the scores to an assessed organization, objective, product, or process.

Control Design and Assessments

Define controls as per industry standard frameworks like COSO and COBIT, design control test plans and assessments, and rate the operational and design effectiveness of the controls, leveraging questionnaires and surveys as required. Understand the control evaluation status, and analyze the results using interactive dashboards.

Key Metrics Monitoring

Measure and track key indicators for risks (KRIs), controls (KCIs), and performance (KPIs). Set thresholds to identify potential threats, and mitigate them in advance. Send alerts and notifications on any breach to relevant personnel for faster decision-making.

Issue and Action Management

Record findings stemming from risk assessments and control tests. Recommend action plans such as control modification or definition of new controls as part of the issue remediation process. Monitor the status of implemented actions at every stage, and track them to closure. 

Monitoring and Reporting

Access real-time information on risk management programs across the organization through role-based landing pages with dashboards. View risks by organization, product, process, or risk category. Slice and dice the data using easy filters, and track the movement of risk from inherent to residual on a heat map based on the effectiveness of the controls. Gain a 360º view of your program through advanced visualization of key metrics, and personalize your home page based on your specific analysis needs.

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Delivering Business Value

  • Improve operational efficiency by reducing the cycle time and costs of risk assessments, while improving resource utilization
  • Deliver forward-looking risk visibility with predictive risk metrics and indicators that help anticipate and prevent adverse risk incidents
  • Drive agility and risk-based decision-making by providing a single view of the top risks faced by the organization across the first and second lines of defense
  • Build confidence with regulators and executive management by establishing a strong risk data governance and issue reporting framework with clear lines of accountability

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