June 05, 2013 | Palo Alto, California: MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions presented at the Institute of Internal Auditors’ (IIA’s) SoCal Education Conference held from June 2-3, 2013 in Anaheim, California. Susan Palm, Vice President of Industry Solutions at MetricStream was joined by Christina M. Whiting, Director of Enterprise Risk and Governance at Tevora to co-present a session titled, “Laying the groundwork for your GRC journey.”

Evolving and complex market risks are prompting organizations across industries to assess the structure and implementation of their current risk and compliance programs. The common approach of tackling GRC programs and processes in a siloed manner has proved to be both ineffective and inefficient. Therefore, organizations are looking to adopt an integrated approach that is aligned with their overall business strategy in order to optimize their business performance and achieve their business objectives.

The IIA SoCal Education Conference focused on risk management and other key topics in audit, risk and compliance. In their presentation, Ms. Palm and Ms. Whiting shed some light on integral aspects of an integrated GRC program, including:

  • The foundational elements required to build an enterprise GRC program
  • The challenges associated with laying the foundation for a GRC program
  • The key factors to consider when choosing a GRC technology framework

Leading organizations around the world turn to MetricStream to help them manage their entire enterprise GRC program. MetricStream’s Enterprise GRC Solution features robust functionalities and capabilities on a single integrated platform, and provides flexibility and a seamless environment for efficient and effective risk management. Risk heat maps and data analytics enable organizations to gain valuable risk intelligence, and deploy the necessary mitigation measures in a timely manner. The solution also enables organizations to address their quality, compliance, and risk issues, and provides a holistic understanding of overall business performance and related metrics.

Organizations are also leveraging MetricStream Internal Audit Management Solution, which provides end-to-end functionality for effectively managing the entire internal audit lifecycle. The comprehensive solution offers built-in remediation workflows, time tracking, email-based notifications and alerts, risk assessment methodologies, and offline functionalities for conducting internal audits at remote locations, thus enabling organizations to manage the complete array of their audit-related programs, data, and processes.

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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