September 19, 2014 | Palo Alto, California: A large thrift bank in the United States has strengthened its risk management processes with the help of MetricStream’s Enterprise Risk Management (ERM) solution. Built on a centralized platform that can extend across the entire enterprise, the MetricStream solution facilitates a systematic, structured, and standardized approach to all of the bank’s risk management efforts. The solution also ensures complete visibility into enterprise risks, enabling the bank to make proactive and well-informed business decisions that help them effectively balance their risks and opportunities.

The MetricStream ERM Solution enables the bank to streamline the complete range of risk management processes, including risk identification and assessment, risk rating and scoring, risk monitoring, and reporting. The solution also centralizes and standardizes risk definitions, categories, and units, thus ensuring a common risk taxonomy and risk culture across the enterprise.

Risk scoring capabilities help users simplify the calculation of inherent risk ratings, risk impact, and likelihood, and prioritize their risk-response strategies accordingly. Simultaneously, all risk information and related processes are rolled up from across the enterprise in tailored reports and dashboards that provide a top-level and real-time overview of the bank’s risks, which enables the management team to quickly identify issues and potential areas of concern.

In addition to these benefits, MetricStream provided the bank with the ability to deploy their ERM solution quickly and efficiently by adopting MetricStream GRC Cloud – a secure, state-of-the-art virtualization and private cloud technology.

Many leading thrift banks, community banks, and regional banks are turning to MetricStream’s GRC solutions because they are tailored to meet the resource-efficiencies and “lean” infrastructure demands of these organizations. The solutions combine robust out-of-the-box functionalities, with pre-loaded risk and regulatory content, easy-to-use tools, and an accelerated deployment model – all of which helps mid-market financial institutions build a best-in-class risk program that is on par with that of their larger, global counterparts.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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Molly Palm : pr@metricstream.com | (925) 451-1468

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