October 30, 2015 | New York City, NY: MetricStream, the market leader in Governance, Risk, and Compliance (GRC) Apps, has today announced its participation at the Gartner Sourcing and Strategic Vendor Relationships Summit in Grapevine, Texas taking place from November 3-5, 2015.

The Gartner Sourcing and Strategic Vendor Relationships Summit will convene business leaders from across the region to discuss the latest thought leadership strategies and best practices to guide CIOs, sourcing executives, and business leaders in making risk-intelligent decisions that drive better business performance.

The event will provide an excellent opportunity for participants to understand best practices in vendor risk management. Speakers will also have the opportunity to discuss ideas around effective IT sourcing strategies, selection of ’best fit’ service providers, and the adoption of new pricing models. French Caldwell, Chief Evangelist at MetricStream will be in attendance at the event and will present on the topic “Vendor Risk Management: Facilitator for Improving Business Performance” on November 3 at 12:30 PM.

During the event, MetricStream will also showcase its Vendor Risk Management (VRM) App, which has been positioned in the "Leaders" Quadrant of all four Gartner GRC MQ reports published in 2014 and 2015. During his presentation, Mr. Caldwell, will share his views on understanding and identifying risks associated with new technologies and heightened regulatory guidance, and strategies to proactively address and manage risk.

A recent survey conducted by MetricStream and the Risk Management Association (RMA) on Third-Party and Vendor Risk Management assessed the vendor risk management programs of over 100 leading financial organizations and found that third-party relationships have evolved beyond traditional models of goods and service providers, to include agents, agency agreements, channel and distribution agreements, debt buyers, co-branded products and services, and correspondent bank agreements, among others. Some of the larger organizations surveyed have thousands of supplier relationships to manage, which is extremely difficult without a mature vendor governance framework in place that is thoughtfully planned, dutifully executed and consistently monitored. The good news — 97% of the surveyed organizations have either defined, or are in the process of defining the ‘critical activities’ in their institution.

To learn more about this event, please click here.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

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