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IDW PS 340 n.F. Solution


The MetricStream IDW PS 340 n.F. solution allows organizations to achieve compliance with the revised German standard in a seamless and streamlined manner while being resilient to future crisis. Built on the MetricStream Platform, the solution enables a structured and systematic approach towards managing organizational risks that pose threat to your organization’s existence. Multi-dimensional risk assessments and aggregation based on several qualitative and quantitative parameters can be performed to establish the organization’s risk profile. In addition, the solution provides real-time insights into risk management programs through powerful analytics, advanced heat maps, reports, dashboards, and charts, enabling organizations to make risk-informed decisions that optimize business performance.

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  IDW PS 340 n.F. Solution
Key Capabilities
Risk Identification and Risk Universe

Record and drive integrity of risk data with intelligent content libraries and risk framework which enable a common integrated risk taxonomy.
Risk and Control Assessments

Plan, schedule, and perform risk and control assessments. Evaluate inherent and residual risks to the business, and the efficacy of control test plans.
Risk Aggregation and Quantification

Define multiple operational risk parameters and calculations rules. Enable advanced risk quantification, analytics and modelling. Aggregate risks at multiple levels of your organization.
Risk Communication

Gain a 360º view of your risk management program through interactive executive dashboards, heat maps, and advanced data visualization of key metrics.
Measurable Outcomes

Instill a risk-aware culture, make informed decisions, improve business performance with comprehensive visibility into risk exposure and relationships across business functions.

  • 67% improvement in risk reporting visibility and efficiency for the executive management and board

  • 85% reduction in controls and associated costs

  • 80% improvement in risk and control framework related operational efficiency

  • 93% reduction in issue resolution time

Client Companies
Client Companies
Client Companies
Client Companies
Client Companies
Client Companies
Client Companies
Client Companies
Client Companies
Client Companies
Gartner Magic Quadrant

MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management

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Cards
PRESS RELEASE

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Cards

The MetricStream IDW PS 340 n.F. solution allows organizations to achieve compliance with the revised German standard in a seamless and streamlined manner while being resilient to future crisis. Built on the MetricStream Platform, the solution enables a structured and systematic approach towards managing organizational risks that pose threat to your organization’s existence. Multi-dimensional risk assessments and aggregation based on several qualitative and quantitative parameters can be performed to establish the organization’s risk profile. In addition, the solution provides real-time insights into risk management programs through powerful analytics, advanced heat maps, reports, dashboards, and charts, enabling organizations to make risk-informed decisions that optimize business performance.

IDW

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