Overview

Effective policy management and communication form the foundation of a robust Governance, Risk, and Compliance (GRC) program. Although many organizations have written policies and procedures in place, the real benefits come from an automated, centralized, and proactive policy management program. Without such a program, organizations could face policy violations which, in turn, could result in significant fines and penalties, as well as a negative reputational impact.

One of the keys towards building a strong and lasting brand with a unified set of values and vision is to adopt an enterprise-wide approach to policy and document management. Technology can add value by simplifying the policy management process, right from policy creation, to policy attestation, while also helping the organization manage the associated compliance risks.

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MetricStream Policy and Document Management App

The MetricStream Policy and Document Management App provides a comprehensive and flexible system to streamline and automate workflows across the policy and document management lifecycle. The app enables organizations to effectively develop and communicate policies to the whole enterprise, or to a specific audience.

Using the app, policy management teams can facilitate a systematic approach towards the creation, review, approval, and communication of policies and other key documents. The app’s federated data model simplifies the process of managing variations in policies at multiple organizational levels. It also helps integrate policies and documents in a central portal that can be accessed across the global organization.

The app enables policies to be mapped to compliance regulations and controls, so that compliance gaps can be identified easily. In addition, graphical reports and dashboards provide real-time visibility into the policy and document management process.

Why MetricStream Policy and Document Management App

  • Enables a systematic and simplified approach to policy management

    Streamlines and strengthens consistency in policy management processes across business units, divisions, and global locations.

  • Minimizes policy management redundancies and inefficiencies

    Enhances efficiency by standardizing policy management workflows for each policy category (e.g. IT policies); minimizes redundancies by allowing policy templates to be created and reused with standardized sections and content.

  • Improves audit readiness

    Helps organizations understand the impact of regulations, risks, and controls on policies, and accordingly take steps to be audit-ready; provides quick access to all versions of policies at any particular time

  • Reduces the risk of regulatory fines and reputational damage

    Helps create policies based on the regulations that matter most, so that when a regulation changes, the associated policies can be quickly identified, updated, and distributed to the right employees - an approach that reduces compliance risks

  • Delivers an advanced search functionality to find policies easily

    Simplifies the search for policy documents based on multiple attributes such as policy title, keywords, author, and creation date; supports intuitive filtering to help users narrow down their search results, and find the desired policy document quickly

  • Increases policy awareness

    Helps communicate policies to employees through automated email notifications; enables employee attestations on policies to be easily tracked, reviewed, and linked to regulations as evidence of compliance

  • Supports informed-decision making

    Delivers a comprehensive and in-depth view of policy management processes through advanced reports and dashboards, enabling policy management teams to make informed decisions.

Policy Overview for Executives

Platform Highlights

  • 1

    Engaging and personalized user experience
    Makes policy management processes simple, context-sensitive, and personalized to each user; facilitates an intuitive and engaging user experience

  • 2

    Configurability
    Supports app configurations and extensions in an upgrade-safe and scalable manner through the MetricStream AppStudio configuration framework; helps the organization adapt to change quickly

  • 3

    Mobility and layering
    Provides a responsive interface that allows policy management processes to be managed across devices; leverages a REST API integration framework to layer policy management processes over heterogeneous IT systems and business critical infrastructure

  • 4

    Reporting and analytics
    Delivers powerful visualization tools and analytics to manage and monitor policy management trends, data relationships, and actions in real time across the extended enterprise

  • 5

    Lean and robust architecture
    Is built on a lean, modern, scalable, and extensible architecture that enables the global digital enterprises of today to seamlessly scale up and support new users, while also adding new apps and solutions to meet changing organizational needs

Policy Portal

Features

The MetricStream Policy and Document Management App provides the following functionalities:

  • Policy Portal

    Access the latest policies through the app’s centralized policy portal, designed with a simple, modern, and easy-to-use interface. View a brief description of each policy before going through the details. Bookmark policies that require frequent reference, and browse through those that are most frequently accessed or have been recently published. Identify the latest announcements on policy or organizational updates. Note all policies that require attestations.

  • Policy Discovery

    Search for policies based on attributes, content, author, and other parameters. Configure additional criteria to save search results. Mark policies and documents as favorites, enabling them to be accessed quickly. Browse policies and documents in a structured manner through a pre-defined hierarchy of categories and sub-categories. Configure different workflows for different types of policies. Define multiple stages for each workflow, as well as the stakeholders involved and the policy routing options. Assign separate section authors and section approvers, if required. Trigger email notifications to relevant users to keep the policy creation process on schedule. Enable escalations when the due dates for policy review and approval are not met.

  • Policy Creation

    Simplify policy creation and collaboration using the app’s built-in automated workflows. Create policies by entering general mandated information into the system (e.g. policy name, category, description, effective dates), and uploading an existing attachment. Alternatively, create the policy inline within the app itself using a rich text editor. Define policy sections and sub-sections, and easily navigate between different sections using the inline editor. Establish relationships between policies and compliance requirements, risks, processes, and controls. Create policy templates with a defined structure and content, and reuse these templates whenever required. Define policy attributes including category, ownership, effective dates, review frequency, and attestation details. Add supporting documents and reference links.

  • Policy-Mapping to Regulations

    Strengthen compliance by linking policies or sections of policies to regulations, risks, controls, legal requirements, processes, and organizations. Identify the impact of regulatory changes on policies through the app’s integrated data model. Ensure that policy owners are notified when a regulation mapped to a particular policy is updated. Initiate the required policy changes, and send out automated email notifications and alerts to relevant users, indicating the changes.

  • Policy Communication

    Categorize the target audience for a policy based on their roles. Once the policy has been published and scheduled for distribution, send automatic notifications to the target audience. These notifications save time, and keep policy implementation processes on schedule.

    Automate the policy retirement process with built-in, configurable workflows. Ensure that retired policies are locked against any edits, and stored in the app’s central repository for future reference. Bypass policy renewal triggers and reminders.

  • Policy Attestation

    Trigger notifications for policies that require attestations. View attestation tasks on the policy portal. Define all users required to attest to the policies, and enable attestations only after the user scrolls through the entire policy document. Track the status and history of attestations through the app’s reports.

  • Review and Approval

    Trigger policy review and revision cycles through automated notifications and task assignments. Collaborate with other users to review and approve policies or sections of policies. Simplify the review process by listing all policies and documents due for review and approval on the approver’s landing page. Enable reviewers and approvers to add their comments or feedback.

  • Reports and Dashboards

    Monitor policy management activities in real time through a variety of configurable reports and online dashboards. Leverage drill-down capabilities to view policy related statistics based on different parameters such as policy type, status, audit history, in-process documents, average review and approval cycle time, and usage summaries, as well as the policy’s relationships with risks, regulations and controls.

Policy Creation

Policies Due for Review

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