February 16, 2015 | London, United Kingdom: A global chemical supplier has successfully implemented MetricStream’s Enterprise Risk Management (ERM) App to establish a more cohesive, integrated, and sustainable risk and controls program. The App is helping the organization streamline risk identification, assessment, and ranking through a top-down approach. The App has also facilitated the creation of a lean and sustainable risk and controls structure, with a focus on preventive controls. Powerful dashboards and reports provide a complete view of enterprise risks, enabling the board and management team to make quick and well-informed strategic decisions.

The global organization has operations across multiple geographies, and was looking for an ERM solution that would scale across their enterprise, integrating all of their risk and controls processes within a common framework. The MetricStream ERM App was deployed quickly and seamlessly through MetricStream GRC Cloud - a state-of-the-art virtualization and cloud technology which is architected to simplify the deployment of GRC application while also delivering benefits of reliability, security, and flexibility.

The MetricStream ERM App has enabled the organization to build a more integrated risk and controls framework where stakeholders can quickly identify and mitigate the top risks affecting strategic priorities. The App facilitates a structured, work-flow based approach to the complete risk assessment cycle, and also provides capabilities to assign different weightages to risks based on whether they are being assessed at the organizational level, the regional level, or the business unit level.  It also provides capabilities to test adherence to compliance guidelines through a survey program and report any incidents of noncompliance that roll up to be identified as risks. Any issues that arise during these processes are automatically routed through a systematic process of investigation and resolution.

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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