December 06, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that it has been cited as a 'Leader' in the report - 'The Forrester WaveTM:Enterprise Governance, Risk and Compliance Platforms, Q4, 2011', developed by Forrester Research, Inc., and published on November 30, 2011.Forrester Research, Inc. named MetricStream as a leader from among thirteen companies in an evaluation based on Current Offering, Strategy and Market Presence.
In evaluating MetricStream's core GRC capabilities, the Forrester Wave report commented that, "MetricStream scored extremely well in the content management and risk and control management fields of our evaluation due to strong document management and collaboration features as well as configurability in support of different risk methodologies." Rated on a scale of 0 to 5, MetricStream scored the highest value of 5 for Support for IT Risk and Compliance, and Workflow Management.
MetricStream believes these scores reflect a strong alignment of its product strategy with customers' current requirements and future needs - for instance, integrating GRC in business, IT and security domains, and leveraging a powerful and configurable workflow engine for GRC process automation.
"We are delighted that MetricStream has been cited as a 'Leader' by Forrester," says Shellye Archambeau, CEO of MetricStream. "We believe the report reflects MetricStream's strong market leadership, as well as the strength and flexibility of our solutions to meet a wide range of GRC needs of clients across industries."
In positioning MetricStream as a leader in the Enterprise GRC Solutions space, the report stated that "MetricStream's breadth of capabilities and product flexibility have helped it solidify its position as a GRC leader."
Customers are choosing MetricStream's market-leading GRC platform to integrate and streamline a variety of GRC initiatives, including Enterprise and Operational Risk Management (ERM, ORM), Regulatory and Corporate Compliance Programs, Operational and Internal Audits, Policy Management, IT Governance, Supplier Performance and Quality Management.
MetricStream Application Studio (AppStudio), which ships with MetricStream GRC Platform, is also witnessing widespread adoption for its flexibility in enabling organizations to configure and extend their GRC applications using the platform's reusable code libraries, best practices, process models, design methodologies and other high level building blocks.
In 2011, the growing demand for greater transparency and efficiency in GRC initiatives, led the company to launch the latest versions of its GRC platform and solution suite. Equipped with powerful reporting and dashboard features, as well as advanced analytics and integration capabilities, the solutions have been adopted by several global organizations to improve business performance. The solutions also support decision-making by aggregating risk and compliance information across the enterprise -- spanning business processes, IT applications and security infrastructure -- and providing top-down risk intelligence and insights.
MetricStream's flexible and robust GRC data model continues to set the company apart from other GRC solution providers as it helps harmonize all risks, controls, control assessments, processes, policies, regulations and other GRC elements in centralized libraries. It also delivers a superior user experience through intuitive navigation tools, visualization of GRC data, and simplified information sharing and collaboration capabilities.
MetricStream also integrates and embeds content from authoritative sources and external information services providers, including its own ComplianceOnline.com, to provide customers with an extensive array of regulatory content, resources and intelligence.
"Today, many of the world's largest companies as well as several mid-sized organizations are using MetricStream GRC solutions to consolidate and streamline multiple GRC processes, enhance collaboration across business and assurance groups, and improve operational and management reporting of risk and compliance metrics," says Gaurav Kapoor, COO of MetricStream. "MetricStream's commitment to providing customers with holistic, adaptable and sustainable GRC solutions has led us to become the market leader in GRC. We will continue to develop richer platform, application, content and personnel capabilities to help our customers improve risk-based decision-making, and enhance business performance."