October 25, 2010 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) and Quality Management solutions, today announced that it is participating in the 2010 Annual Conference and Exhibition organized by the Regulatory Affairs Professionals Society (RAPS). Aptly themed ‘Succeed in the Global Regulatory Landscape’, the event will be held from October 24-27, 2010 in San Jose, California. More than 2,000 regulatory professionals in the healthcareproducts sector are expected to converge at the event to network and expand their knowledge.

As one of the most heavily regulated sectors, Healthcare Products comes with a wide range of regulatory challenges and opportunities. Auditors, risk managers, compliance managers and other regulatory professionals are constantly faced with new markets, increasing customer demands, advanced technologies and growing regulatory demands. In response, they are required to quickly master new areas of knowledge, take on additional responsibilities and improve business value.

In this demanding environment, the 2010 RAPS Annual Conference and Exhibition aims to help regulatory professionals position themselves and their company for global success. The event will feature more than 70 education sessions on relevant regulatory topics, more than 200 leading industry experts sharing best practices and strategies for success, and more than 2,000 regulatory colleagues coming together to network and exchange ideas.

MetricStream will be participating as an exhibitor at the three-day event. Recognized across industries for its easy-to-use, flexible and scalable solutions, MetricStream has emerged as a market leader in the GRC space. Leading healthcare product companies around the world use MetricStream Solutions to effectively mitigate risks and overcome compliance challenges, while reducing costs and improving business value.

MetricStream Solutions are built on a single platform, allowing GRC requirements and activities to be streamlined across the enterprise. Using MetricStream solutions, companies can assess and monitor risks, define controls, manage audits, identify issues and implement remediation actions from a single point of reference. This integrated approach to GRC management eliminates redundant regulatory activities and improves collaboration across business departments, units, operations and geographies.

The solution contains a range of automated functionalities which reduce the need for manual operations. This way, healthcare product companies can improve cost-effectiveness, efficiency and accuracy. They can also reduce development risks and accelerate approval cycles through powerful risk assessment methodologies, data analytics, risk calculators and trending capabilities. Problems such as safety issues that arise during the process can be routed through an issue management module for investigation and resolution.

The solution uniquely combines software and content to deliver a holistic approach to GRC management. Powerful dashboards with drill down capabilities improve process transparency and enable managers to proactively identify, track and resolve quality issues.

Advanced compliance management capabilities help to manage regulations and standards across varying regulatory bodies, countries and business functions. Pharmaceutical companies, for instance, can use MetricStream solutions to reduce non-compliance risks, accelerate time-to-market and improve cost-effectiveness while ensuring compliance with FDA requirements, GXPs, reporting mandates, international drug safety standards and cross-industry regulations such as SOX. Features such as embedded best practices, control frameworks and automated alerts ensure that companies stay ahead of compliance demands with ease and confidence.

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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