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October 22, 2010 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that it is participating as a sponsor in the 2010 Annual Conference organized by the Securities Industry and Financial Markets Association (SIFMA) Internal Auditors Society (IAS). The conference will be held from October 24-27, 2010 in Delray Beach, Florida, and will feature some of the industry's top speakers presenting on the theme 'Internal Audit's Role on the Road to Recovery.'

Since the financial crisis, the role of internal audit has become crucial to organizational survival and wellbeing. Businesses are relying heavily on internal auditors to steer them through the risk and compliance challenges ahead of them. In turn, auditors are expanding their roles and taking on newer responsibilities such as managing risks, preventing fraud and increasing collaboration with stakeholders and Boards of Management.

The 2010 SIFMA IAS Conference will provide insights into how these new responsibilities can be leveraged for best results. The organizing body, SIFMA IAS, regularly organizes conferences, seminars and courses for internal auditors in the financial industry. This particular conference will provide insights into how internal auditors can sharpen their skills and optimize business value. Participants will benefit from a range of topical sessions on auditing business strategy, fraud risk, how to audit Enterprise Risk Management (ERM)and how to get the most out of Quality Assurance reviews.

MetricStream will be participating as a sponsor at the three-day event. Having worked with several Fortune 1000 companies, MetricStream is renowned for its easy-to-use, flexible and scalable solutions for enterprise-wide auditing. The company is a market leader in audit management solutions with successful large-scale installations in a range of industries including financial services.

MetricStream Audit Management Solution is built on a single platform that allows organizations to streamline all aspects of internal auditing. The entire audit lifecycle - from audit planning to field data collection, to audit reviews and implementation of recommendations - can be managed from a single point of reference. This integrative approach to auditing reduces redundancies and improves collaboration across business departments, units and locations.

The solution contains innovative features such as embedded best practices, risk and control assessment methodologies and email based notifications which help auditors stay ahead of business demands. Automated functionalities eliminate the inaccuracies and inefficiencies of manual processes while improving cost-effectiveness.

Issues that arise during the auditing process are either automatically resolved or routed to the appropriate personnel for investigation and corrective action. Role-based dashboards provide real-time visibility into the entire process, allowing auditors and managers to track the auditing status and make informed business decisions regarding risk and compliance management.

The solution also contains a document repository for centralized information storage and a comprehensive training module to manage all audit training courses, schedules and requirements.

Recognized throughout the financial industry for its Audit Management Solution, MetricStream has enabled several companies to migrate from legacy systems and fragmented audit processes to a web-based, integrated platform that maximizes business value and improves the effectiveness of auditing.

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).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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