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September 14, 2011 | Palo Alto, California: Regulatory requirements, risk scenarios, organizational structures and risk and audit methodologies are constantly evolving. To support them, GRC software needs to be flexible and extensible. However, most packaged GRC solutions and internally built applications are difficult to enhance and upgrade. In fact, excessive software customizations and code-level changes can render these applications unmanageable, raise costs, and increase operational complexity.

Since its release in 2010 with MetricStream GRC Platform version 6, MetricStream Application Studio (App Studio) has significantly simplified the design, development and configuration of GRC applications. The system empowers customers to create an extensible GRC architecture where data elements, workflows, forms and business rules can be easily configured to meet specific needs.

Recent enhancements to MetricStream AppStudio enable businesses to go a step further, and configure their own applications without custom coding. The system delivers an integrated suite of reusable code libraries, best practices, reports, design methodologies and other high level building blocks to rapidly configure applications, and extend them across the enterprise. Workflows can be easily defined, forms and processes designed, and GRC reports developed without custom coding.

According to an IT Director of a Fortune 500 client of MetricStream in the life sciences industry, “MetricStream AppStudio has been extremely flexible, and a big enabler as we build our enterprise-grade Web application services. We have developed, tested and rolled out a workflow application in less than three months, and are planning to roll out several more.”

While customers benefit from extensibility and configurability, MetricStream’s ecosystem partners have effectively leveraged the tool-kit to rapidly build and deploy specialized GRC applications. Says C. Padmanaban, Co-founder, Entegration Software, “Conceptualizing, developing and productizing our ATTEST application was extremely easy with the MetricStream Application Studio. Due to its robust development and runtime engine, our application is running successfully at two of our high tech customers.”Entegration ATTEST is an automated testing portal that helps companies manage and establish true business continuity processes.

The AppStudio is a key component of MetricStream’s cloud-based GRC offerings. It eliminates the problems of traditional application development, allowing MetricStream’s partners to focus on developing GRC applications that deliver value to customers.

“I like the fact that the entire application creation process is Web-based,” says a Senior Designer at TBDNetworks, a MetricStream partner. “It means we can have MetricStream host and maintain the platform for us in the cloud even though we are developing and delivering our own applications to customers on MetricStream’s platform.”

“We are delighted at the adoption of AppStudio among our customers and partners,” says Vidya Phalke, CTO at MetricStream. “As organizations restructure their operations around cloud computing infrastructure, AppStudio’s simplicity and intuitiveness will drive application innovation through our GRC Platform.”

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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