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January 14, 2014 | Palo Alto: MetricStream Inc., a market leader in Enterprise Governance, Risk, and Compliance (GRC) solutions will participate on a panel discussion on ‘The Cost of Compliance and IT Risks’ at the Wall Street Technology Association (WSTA) event on January 14, 2014 in New York City. Experts from the compliance industry will convene at the event to discuss the various challenges and rising costs associated with increasing compliance and IT risk. Throughout the event, MetricStream will share best practices, and showcase its industry-leading solutions for IT GRC and Compliance.

Organizations face increased scrutiny from the regulators, who have greater oversight over the organization and its activities, as well as more stringent rules and requirements than ever before. Creating a pervasive culture of compliance and controls is critical to reducing the likelihood of non-compliance violations. Limited resources and constrained budgets require that organizations better understand and manage the rising cost of compliance, which extends beyond just adherence to regulations, and includes protecting the organization from IT, business, regulatory, and reputational risks.

Yo Delmar, Vice President of GRC­ Solutions at MetricStream will shed light on the correlation between various risks and the rising cost of compliance in highly-regulated industries. Compliance officers at organizations around the world are moving towards a data and metrics-based approach that is aligned with their organization’s objectives. The event discussion will provide attendees with a deeper understanding of the various costs associated with risk and compliance, and strategies to manage those costs. The discussion will also include best practices around integrating compliance across every function and every facet of the organization, which can be supported by agile and highly extensible GRC technology solutions.

MetricStream’s integrated IT GRC and compliance solutions help enable organizations establish a systematic and streamlined approach that reduces business, operational and investment risks. The solution also supports automated workflows, data integrity, and consolidated reporting, as well as offers the flexibility and scalability to facilitate other business activities such as portfolio management and client relationship management.

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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