October 30, 2013 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions will showcase its sophisticated Internal Audit and Integrated GRC solutions at the Internal Auditors Society (IAS) Annual Conference, organized by the Securities Industry and Financial Markets Association (SIFMA). The event will be held in Florida from November 3-6, 2013, and will focus on exploring common challenges faced by internal auditors in the areas of risk, compliance, and finance. Gaurav Kapoor, Chief Operating Officer of MetricStream, will share his perspective on today’s critical oversight function in a session titled, “Partnering with the Second Line of Defense: Opportunities and Successes for Better Synergy and Value.”

In the face of emerging market growth opportunities, increasing economic volatility, extended global supply chains, and unprecedented regulatory requirements, organizations are quickly recognizing the need to overhaul their existing internal audit function in favor of a more proactive approach. However, many still view internal audit as a ‘check the box’ exercise, which can expose the organization to significant risks. Traditionally, internal audits have been a resource-intensive process, with various hurdles and obstacles such as disparate data and information, and functional and information silos. As a result, management and key stakeholders fail to gain a unified and comprehensive view of the entire organization’s risk profile and compliance status. To overcome this challenge, internal audits must be approached with a new, forward-looking approach.

MetricStream’s Integrated GRC Management solution provides the risk intelligence required to drive decision-making and world-class business performance. Leveraging a wide range of intuitive applications built on the MetricStream GRC platform, organizations can adopt a systematic approach to defining and managing the entire gamut of their GRC initiatives. The solution also enables organizations to gain a centralized view of risk that is aligned with business objectives, as well as integrate their risk and compliance management programs with business planning and decision-making.

With MetricStream’s Internal Audit Management solution, organizations can better manage a wide range of their audit-related activities, data, and processes within a centralized framework. The solution is equipped with sophisticated features such as remediation workflows, time tracking, email-based notifications, advanced risk assessment methodologies, and offline functionalities for conducting internal audits at remote fields.

Throughout the event, distinguished speakers will provide insights on the expanding role of internal audit, best practices for risk assessments and planning processes, challenges in meeting regulatory requirements, and auditing risk management programs. Speakers will also highlight trending topics such as cyber security for banks and capital markets, and the importance of anti-fraud programs.

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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