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Overview

Businesses today operate in a complex and highly dynamic global environment. Everywhere there are regulatory pressures, competitive shifts, compliance violations, geopolitical shocks, disruptive technological innovations, cybercrime, big impact breaches, and more. Managing the risk and compliance impact of these changes is one of the biggest challenges that a GRC practitioner faces.

Compounding matters, business ecosystems have become so deeply interconnected that a single risk event can result in widespread disruption. That’s why an integrated approach to GRC is so critical. It helps organizations anticipate, understand, and manage their risks in a holistic manner. It also helps them connect the dots between risks, compliance, and other GRC elements that impact business performance. As a result, organizations can better balance risks and opportunities, make confident strategic decisions, and respond effectively to the changes that occur within and outside the enterprise. 

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Metricstream Enterprise GRC Solution

The MetricStream Enterprise GRC Solution provides a single, integrated system to manage, coordinate, and track multiple types of GRC activities. The solution cuts across organizational silos, enabling a holistic and collaborative approach to GRC. Users can efficiently roll up risk and compliance data from across the enterprise, and transform it into actionable business intelligence to support decision-making.

With support for mobility, real-time reporting, advanced risk analytics, and regulatory notifications, the MetricStream Enterprise GRC Solution is comprehensively designed to meet the GRC needs of today’s complex, global enterprises. 

Business Benefits
  • 67%
    Improvement in risk reporting visibility and efficiency for the executive management and board
  • 80%
    Improvement in risk and control framework related operational efficiency
  • 60%
    Faster response time to regulatory changes
  • 39%
    Fewer regulatory and financial losses and fines
  • 90%
    Reduction in time taken to manage compliance activities
  • 50%
    Fewer compliance issues
  • 300%
    More coverage on compliance and control monitoring
  • 85%
    Reduction in controls and associated costs
  • 58%
    Reduction in issue resolution time1

Capabilities

+ Expand All
Risk Management
Enterprise Risk Management

Establish a consistent approach to risk management with uniform risk assessment methodologies. Identify, assess, monitor, and mitigate risks in a systematic manner. Gain an accurate understanding of the top risks across the organization through advanced analytics, heat maps, reports, dashboards, and charts.

Operational Risk Management (ORM)

Enable a pervasive and streamlined approach to ORM, including risk identification, assessment, monitoring, and mitigation. Deliver timely risk intelligence to drive business decisions, improve business performance, and reduce losses.

Business Continuity Management (BCM)

Plan and execute an effective business continuity and disaster recovery (DR) program. Enable risk assessments, disaster tracking, and recovery action initiation and management. Plan crisis responses, periodically test recovery procedures, and recover quickly from disruptive incidents.

Regulatory and Corporate Compliance Management
Policy and Document Management

Gain a centralized portal to store, manage, and access policies. Proactively identify policy gaps by mapping policies to regulations, risks, and controls. Track each stage of the policy management lifecycle in real time through powerful reports and analytics.

Compliance Management

Manage a wide range of compliance requirements in an integrated manner, including cross-industry regulations, as well as industry-focused regulations. Design control tests, document the results, capture non-compliance issues, and certify control effectiveness. Map internal policies to regulations, standards, and laws, thus identifying and minimizing gaps and redundancies.

Regulatory Engagement Management

Enable a structured and integrated approach towards regulatory engagement management. Manage multiple types of engagements, including examinations, meetings, and requests for information. Create engagements, assign tasks, and capture all related data in a central repository for easy access. Deliver comprehensive and real-time insights on engagements, tasks, findings, action plans, and trends.

Regulatory Change Management

Simplify the process of capturing, understanding, and managing regulatory changes. Establish a centralized framework with regulatory taxonomies and metadata to aggregate regulatory content from multiple trusted sources, including those that are subscription-based and publicly available. Proactively identify regulatory changes, and assess their impact on business processes, policies, risks, and controls.

Case Management

Streamline and standardize the process of capturing, investigating, resolving, and reporting cases. Gain a central repository to gather and consolidate case data. Enhance cross-functional communication and coordination on case investigations. Assign investigative tasks quickly, and keep them on track through automated alerts. Leverage graphical dashboards and analytics for in-depth visibility into cases at every stage.

Survey Management

Efficiently manage surveys for systems compliance, process compliance, risk assessments, HR policy awareness, legal attestations, etc. Foster accountability by streamlining the flow of information and records, and documenting attestations and representations at appropriate stages.

Audit Management
Internal Audit Management

Streamline internal audit processes, including risk assessments, audit planning, scheduling, work paper management, audit execution, analysis of audit findings, reporting, and follow-up. Allow auditors to enter data on-the-go from the convenience of their tablets and mobile devices. Leverage real-time reports and intelligence to track audit findings and status.

SOX Compliance Management

Reduce the time and costs involved in managing SOX compliance. Set up a SOX framework, plan and schedule risk assessments, and perform control tests and assessments. Efficiently manage evidence collection and other documentation, as well as certifications, sign-offs, and issue remediation.

IT and Cybersecurity
IT Risk Management

Adopt a focused and business-driven approach to IT risk management and mitigation. Identify, assess, and mitigate IT risks in a single system with standard risk assessment methodologies. Leverage sophisticated analytics and reports to transform raw IT risk data into actionable business intelligence to guide strategy.

IT Compliance Management

Gain a common framework to manage and monitor compliance with a range of IT regulations and standards. Streamline and automate IT compliance management workflows. Consolidate compliance and control data in a central repository. Integrate with the Unified Compliance Framework (UCF), mapping 9,300+ IT control statements to 1,200+ regulations. Gain top-level visibility into compliance processes across geographies, business units, and functional departments.

Threat and Vulnerability Management

Strengthen IT security by proactively aggregating and correlating threats and vulnerabilities across business-critical information assets. Integrate with multiple end-point IT security and infrastructure management tools and security intelligence feeds to identify and prioritize IT risk exposure. Efficiently manage the remediation process.

Policy Management

Store and manage all IT policies in a central repository. Streamline the policy management lifecycle, including policy creation, distribution, and attestation management. Identify gaps by mapping IT policies to IT regulations, risks, and controls. Track IT policy management processes in real time through powerful reports and analytics.

Vendor Risk Management

Identify, assess, and mitigate the risks associated with IT vendors, including those that provide or manage information assets and IT infrastructure. Enable periodic vendor due diligence evaluations and risk monitoring. Identify “red flags” based on globally sourced IT vendor content. Aggregate IT vendor risk data into pre-defined risk reports, user-configurable risk heat maps, and role-based executive dashboards for a comprehensive risk view.

Third-Party Management
Third-Party Management

Gain a single point of reference to identify, assess, mitigate, and monitor third-party risks, while also managing third-party compliance. Enable third-party information gathering, due diligence, onboarding, real-time monitoring, and risk and control assessments. Easily assign tasks, and document interactions with third parties. Deliver valuable intelligence on third-party relationships for greater risk awareness.

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