May 03, 2013 | Palo Alto, California: MetricStream, the market leader in Governance, Risk, and Compliance (GRC) and Quality Management Solutions, announced today that a leading wholesale industrial distribution company has chosen MetricStream for Supplier Governance. With the solution, the company will be able to monitor supplier performance in real-time, simplify supplier audits, resolve issues quickly, and streamline RFQ processes.

The company is committed to providing its clients with unparalleled service and high quality products. To achieve this goal across its various businesses and suppliers, the company has established a unique centralized sourcing model. However, as the company continues to adopt more suppliers and scale its business, they must ensure the soundness of their supplier governance systems.

MetricStream Supplier Governance Solution is highly recommended by customers and industry analysts. The company selected MetricStream as a result of its strong reputation in the industry, the flexibility of the platform, as well as the ability to build and integrate a supplier onboarding and RFQ process specifically suited to the company’s requirements.

MetricStream Supplier Governance Solution is built on MetricStream GRC Platform which can be seamlessly integrated across the company’s vast network of suppliers and business units. The solution provides a single point of reference to monitor supplier performance and quality across the enterprise in real-time through powerful analysis tools, scorecards, and key performance indicators.

The solution also contains tools to plan, schedule, and conduct supplier audits. These audits ensure that suppliers meet the required performance standards and company requirements. In the event of non-conformance, the MetricStream solution immediately routes them to an issue management module for further investigation, evaluation, and remediation.

MetricStream GRC Platform also offers Application Studio 6, which provides extensive flexibility around product customization. This will enable the company to develop its own sample forms, workflows, processes, and applications. The solution will also help streamline and automate critical RFQ processes. As a result, the company will be able to simplify and improve process efficiency around sourcing suppliers, developing RFQs, obtaining supplier information, and evaluating and approving responses.

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.(

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