June 28, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation in the Smart Grid Virtual Summit where its VP, Rajeev Kak, will present a session on ‘NERC Regulatory Requirements: Managing the Necessary Controls for Addressing Security Intrusions.’ The online summit will be held on 29th-30th June, 2011, and will bring together industry practitioners, thought leaders and technology experts to discuss best practices, insights and lessons derived from the smart grid.

Smart grid infrastructure represents enormous global benefits in efficiency, cost savings, reliability and clean energy. However, it has also raised concerns about cyber security and transparency. In response, regulators are increasing their oversight of utilities, and demanding to see evidence of ongoing NERC compliance. Utilities, in turn are striving to build an efficient and sustainable NERC compliance program with strong controls, consistent monitoring of security risks and integrated workflows.

In his session on the 30th at 1:30 PM EDT Rajeev Kak will provide insights on how utilities can be more effective and successful in their approach to NERC compliance. His session will focus on various current NERC concerns such as seamlessly migrating from CIP v3 to CIP v4, and building a closed-loop and integrated NERC compliance process. Rajeev will also examine how utilities can efficiently manage controls to address security intrusions at an operational level, while ensuring policy-level compliance with NERC requirements.

MetricStream provides an integrated, automated approach to NERC compliance management that has benefited some of the largest and most well-known utilities. MetricStream Solution is built on a centralized platform that can be extended across business units, departments and geographies. It transcends organizational silos, providing a single reference point to manage the complete spectrum of NERC compliance requirements. Powerful capabilities such as automated issue remediation, regulatory alerts, integrated document management and embedded best practices enable utilities to gain the most out of their compliance program.

All NERC standards and requirements are preloaded in the solution for easy access, search and use. It enables utilities to easily structure a logical compliance framework and hierarchy, wherein each NERC regulation, requirement and standard can be mapped to a particular control and control test process within the organization. Thereby, end-to-end workflows can be streamlined, controls monitored more efficiently, and compliance confidently certified.

The solution supports control self-assessments, while providing visibility into these assessments at the enterprise level through powerful dashboards and heat maps. The solution also monitors the progress of NERC CIP version migration from V2 to V3 to V4. At every stage, automatic NERC update alerts are provided, with version control capabilities to manage data changes efficiently.

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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