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MetricStream GRC Advisory Solution simplifies the process of requesting and implementing Governance, Risk and Compliance related advisory requests. It provides a framework for advisory services whereby the frontlines can reach out to second line functions to seek clarification on regulations, rules, and policies. The advisory team can create advisory documents that can be shared with the business. The frontline line can attest that they have understood the advice—and confirm that the advice was implemented. A secure repository of advice documentation can be maintained.
 

GRC Advisory Management

GRC Advisory Management


MetricStream GRC Advisory Management built on the M7 Integrated Risk Platform - intelligent by design, simplifies the process of requesting, and implementing Governance, Risk and Compliance related advisory requests. It provides a framework for advisory services whereby the frontlines can reach out to second line functions to seek clarification on regulations, rules, and policies. The advisory team can create advisory documents that can be shared with the business. The frontline line can attest that they have understood the advice; and confirm that the advice was implemented. A secure repository of advice documentation can be maintained.

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50%

cost reduction in compliance follow-ups.

Business Value Delivered

Reduce the risk of potential violations by ensuring that the advice is understood and implemented by the frontline. Drive efficiency and consistency in managing advisory requests by linking it with past responses. Strengthen your GRC program by leveraging key insights from advice requests. Deliver assurance on the effectiveness of GRC advisory services with comprehensive audit trails.

Key Features
Dashboards and Reports

Monitor GRC advisory management activities in real time through a variety of configurable reports and dashboards.
Advice Request Portal

Request advice on regulations, legislations and industry standards to the risk, and compliance team with the product’s centralized advice portal.
Publishing Advice

Publish the advice to the frontlines of the organization. Link the advice to regulations, risks, policies, controls and processes.
Advice Acceptance

The different lines of business can attest that they understood the advice; where applicable confirm how the advice was implemented.
GRC Advisory Management
More Insights
Insight
  • Sharpening the Focus on Compliance During Times of Uncertainty
    This insight highlights key recommendations on how compliance professionals can step up, sharpen their focus and stay on top of existing and new… Learn more
  • 6 Reasons Why Organizations Need to Quantify IT and Cyber Risk
    Learn about the advantages of quantifying your cyber and IT risks to achieve a competitive advantage and a robust cybersecurity program. Learn more
  • Are You Prepared for the Risks on the Horizon?
    An overview of how organizations need to quickly pivot and respond to new risks with increased focus on risk awareness. Learn more
  • How to Manage GRC Change Smoothly and Successfully
    Moving to an agile, automated, and integrated GRC program can yield multiple benefits. But how do you enable this transformation in an efficient… Learn more
Product Overview
  • GRC Advisory Management Product Overview
    GRC Advisory Management enables a structured approach to  Governance, Risk, and Compliance related advisory requests. Learn more
Analyst Report
  • Gartner IT Risk Management 2020
    MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management Solutions Learn more
  • Gartner IT VRM 2020
    We’re Delighted to Be Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools Learn more
  • Chartis Research Report 2019
    MetricStream Positioned as a “Category Leader” in Six Quadrants in the Chartis Research Enterprise GRC Solutions Report, 2019 Learn more
eBook
  • Boosting Third-Party Risk Management in a Time of Uncertainty
    Just about everything we do today has some level of third-party involvement whether we’re aware of it or not. Learn more
  • Curated Insights on IT GRC
    Organizations today face a powerful cocktail of risks. Learn more
  • The Future of Integrated Risk Management
    As markets and organizations grow more interconnected, so also do the associated risks. Learn more
  • A Holistic Approach to Compliance that Promotes a Culture of Trust and Integrity
    A strong compliance function is critical to organizational success. In this eBook, discover key focus areas in building a strong compliance… Learn more
Customer Experience
Better Insights.
Better Decisions.
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Measurable Outcomes

Simplify the process of managing Governance, Risk, and Compliance advisory requests and automate response management and implementation.

MetricStream GRC Advisory Management captures GRC advisory requests from the business and routes the request to second line functions. The product allows mapping of the advice to regulations, risks, controls and processes. The subject matter experts can leverage this contextual information and respond to the advice request. The frontlines can attest that they have understood the advice; and confirm how advice was implemented. The second line functions can retain a secure repository of advice documentation and maintain a comprehensive audit trail of changes.