October 18, 2010 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation in the 2010 All Star Conference, organized by the Institute of Internal Auditors (IIA). The conference will be held on October 18-20, 2010 in Las Vegas, Nevada, and will feature encore performances by the highest rated 2009-10 Conference speakers, as well as 32 sessions on critical GRC issues.

Since the financial crisis, internal auditors have played a vital role in protecting companies from harmful threats and monitoring the effectiveness of internal controls. Over the next few years, their role is likely to grow and become more crucial as companies strive to cope with regulatory pressures. Internal auditors will have to move beyond their traditional roles and embrace new responsibilities such as managing risks and compliance, harnessing data analysis to add value to audits, improving collaboration across the board and coping with diminished resources.

The IIA All Star Conference will provide insights into how internal auditors can leverage these new functions to drive value for their business. The conference will feature 32 concurrent sessions on important issues such as achieving internal audit excellence, staying ahead of fraud and maintaining a high impact risk management program. Delegates will get the opportunity to network, interact with leading industry vendors and pick up best practices from recognized industry experts.

MetricStream will be participating in the three day event and showcasing its internal audit solutions. Recognized by leading industry experts and organizations alike, MetricStream has carved a niche for itself as a leader in innovative and flexible GRC solutions. Built on a single platform, the solutions streamline GRC management across the enterprise, thus improving collaboration, reducing redundancies and maximizing business value.

MetricStream Audit Management Solution is a comprehensive framework designed to manage the complete audit lifecycle ranging from audit planning and scheduling to field data collection, development of audit reports and implementation of audit recommendations. The solution provides the flexibility to support all types of audits including offline audits, internal audits, IT audits, supplier audits and operational audits.

Like other MetricStream solutions, the internal audit platform integrates audit management across business units, operations, departments and geographical locations. This enables auditors to control and manage the entire audit universe from a single point of reference. It also helps them gain higher visibility into the audit status through centralized dashboards with a unique drill down capability. This enhanced visibility provided in real time will help auditors track the auditing process, manage risks more effectively and assure compliance.

The solution also contains an Issue Management  module which helps auditors identify, investigate, track and resolve issues that are discovered during the audit process. A centralized document repository ensures easy storage and access to audit related data including company policies, supplier certification and compliance information. Automated functionalities replace manual paper-based processes, thus improving efficiency and cost-effectiveness.

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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