Featured Solution Briefs
The MetricStream M7 Solution for EU General Data Protection Regulation (GDPR)
MetricStream IT GRC solution provides a Risk based approach to GDPR compliance by leveraging the IT Risk management and IT Compliance Management Apps
Vendor Risk Management
MetricStream provides a comprehensive, scalable, and Web-based solution that is designed to help organizations effectively manage vendor risks, performance, and governance. Leading institutions are replacing their point solutions and paper-based systems with MetricStream's solution to streamline and automate the vendor management life-cycle, and gain real-time visibility into vendor risks and controls.
Third Party Due Diligence
Implementing a streamlined, resource-efficient, and sustainable approach to mitigating third-party risks, monitoring compliance, and managing issues and investigations.
Supply Governance Solution
Business models around the world are changing. Hierarchical, one-dimensional supply chains are giving way to more complex and fragmented networks, as firms enter into strategic partnerships with various external entities. The MetricStream Supplier Governance Solution can add value by helping organizations streamline and efficiently manage their supplier information, compliance, risk, quality, and performance.
Integrated GRC in Financial Services: Improving visibility and increasing effectiveness
Recognizing the virtues of centralized GRC models, several forward-thinking institutions have already launched convergence efforts - integrating risk, compliance and control processes. The transition from traditional silo-focused systems to a holistic approach has plentiful benefits.
Integrated Quality and Compliance Management
The growing mix of complex products, a global supply base and stringent customer requirements has created a need for organizations to have real-time visibility into their quality processes and to implement systems that ensure closed loop quality processes and support easy access to and efficient routing of information. Many organizations are deploying industry standard quality management methodologies such as ISO 9000, cGMPs and Six Sigma or implementing other quality practices to reduce costs, shorten cycle times and improve overall product and process quality.
Operational Risk Management (ORM): A Roadmap to Better Business Performance in Banks and Financial Institutions
The regulators of financial companies and banks are demanding a far greater level of insight and awareness by directors about the risks they manage, and the effectiveness of the controls they have in place to reduce or mitigate these risks. Further, compliance regulations, like Basel II and SOX, mandate a focus on operational risks, forcing financial organizations to identify, measure, evaluate, control and manage this ubiquitous risk. This has led to an increased emphasis on the importance of having a sound operational risk management (ORM) practice in place, especially when dealing with internal capital assessment and allocation process. This makes ORM one of the most complex and fastest growing risk disciplines in financial institutions.
Supplier Performance Management
Managing supplier performance is critical for organizations dealing with multiple suppliers. The increased globalization of manufacturing and sourcing has made companies focus on their core competencies, and outsource non-core business processes to suppliers across the globe. Companies in the service industry, including Banking and Financial Services and IT companies, have also started realizing significant advantages in sourcing goods and services from multiple suppliers.
Regulatory Intelligence and Content Management
The primary concern for the Chief Compliance Officer and the Compliance function of a financial institute is managing the increasing volume and complexity of regulations. In this dynamic regulatory environment, it can be challenging to stay up-to-date on regulatory changes, and manage the entire repository of regulatory content, despite deploying extensive resources.
Regulatory Examination Management
Banks and Financial institutes are subject to various types of regulatory examinations by federal, state and international supervisors. The frequency of these examinations varies depending on whether they are for safety and soundness, compliance with applicable laws and regulations, or specialty examinations. In certain cases, especially for large financial institutes, these examinations may extend throughout the year, as regulators examine each area of the bank.