July 14, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that a Fortune 500 retailer in the US with hundreds of stores across the country, has chosen MetricStream GRC Platform to strengthen its corporate compliance and IT GRC program, and integrate various compliance initiatives across multiple business units and functions.

The prestigious multi-billion dollar retail giant offers a wide selection of personal and home products across hundreds of stores with several thousand employees, a large IT infrastructure for customer and merchandise data management, and a complex supplier and sourcing network of thousands of global vendors. Given this vast scale and complexity of operations, the retailer has to deal with an intricate web of regulatory and IT compliance requirements, as well as corporate policies that represent its commitment to the highest standards of ethics and business conduct.

MetricStream Corporate Compliance, IT GRC and Risk Management solutions, based on MetricStream GRC Platform, will provide the retailer an integrated framework to streamline compliance with HR policies and procedures, training and certification requirements, privacy policies, diversity affairs, legal requirements, risk management, internal audit, IT security and SOX. The retailer will be able to leverage the solution as a single point of reference to manage and monitor the complete spectrum of corporate compliance policies and requirements.

The corporate compliance  department will be able to seamlessly manage surveys to confirm compliance with sexual harassment training, employee diversity, and other related policies. Similarly, the IT compliance group will use MetricStream solution to manage and ensure compliance with federal and state data security laws and privacy regulations. They will also be able to efficiently conduct privacy impact assessments, ensure compliance with privacy policy changes, manage the privacy incident response program, and execute an annual compliance review.

The retailer selected MetricStream for its flexible and extensible data model and reporting capabilities that are designed to support multiple regulatory requirements in an integrated manner. This was particularly important for a large corporation with complex organization structures, and diverse product and service lines. The retailer needed real-time decision and performance analyses to react quickly to security or privacy incidents and other compliance mandates. Therefore, the ease of integration of the MetricStream solution with several IT and security systems, as well as various customer data, merchandise management and supply chain systems, was very important for them.

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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