Utilities
The Utilities industry is challenged with rapid digital transformation and smarter customers. With more providers in play, consumers are looking at organizations that are customer centric, have a digitized environment, record and store accurate information, and offer more online services. Along with prevalent risks and regulatory challenges, the digital era exposes newer risk areas with extensive reach and impact. The Utilities industry must adopt a unified approach to mitigate enterprise risks, along with efficient compliance to regulations, optimized audit efforts, and digital security across their value chain. MetricStream solutions for the Utilities industry provide an effective framework to manage and mitigate operational as well as enterprise risks and efficiently build compliance processes.
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Key Solutions
Integrated Risk Management
Regulatory Compliance
Supplier Risk
Cybersecurity
Customer Experience
A lot of time may be spent on the design phase of a GRC program, but ultimately, it's about how the program is implemented. There needs to be a focus on engagement, communication, follow-up, and the sustainability of the GRC program.
Dr. Mark Hodgkinson
Operational Excellence Manager
Bahrain Petroleum Company
Measurable Outcomes
Modernize your processes with an aggregate view of risks and regulations.
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90% compression in compliance management timelines.
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66% decrease in the time needed to complete IT risk assessments.
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90% improvement in time spent on audit review.
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80% reduction in third-party onboarding time.