Integrated Risk Management Solution
Integrated Risk Management Solution empowers organizations to manage both current and emerging risks across geopolitical, digital, strategic, third-party, cybersecurity, and compliance areas. Built on the MetricStream Platform, the solution cuts across organizational silos by standardizing risk and control taxonomies and enabling stakeholders to effectively coordinate and unify risk management activities across all business functions. Organizations can align their assurance programs and gain comprehensive visibility into both risk exposure and relationships. Delivering deeper visibility and understanding of risk inter-linkages and their impact on business performance, Integrated Risk Management Solution strengthens resilience, enhances agility, and empowers risk-aware decision making.
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Key Capabilities
Enterprise Risk Management
Internal Audit Management
Compliance Management
Third-Party Risk Management
Customer Experience
We've reduced remediation time and action planning, reduced open risks and compliance issues. {Prior to MetricStream} Sometimes things were left open for half a year till we found them again. Single source of truth rationalizes all the activities or the controls or the risks and provides a consolidated view of risks for the board.
Edgar Biro
Senior Operational Risk Manager
Banque centrale du Luxembourg
The standardization and driving through common platform and common reporting was probably the biggest transformation across the organization.
Len Sinclair
Head of Operational Risk
Barclays
We are happy to say our compliance to incident reporting and tracking in the new software is now at 96%, previously in the first edition, it was 4%. Our action tracking today is at 89% and previously it was I think 17%.
Mark Gibb
Senior Vice President Safety & Standards
dnata
Before we had manual duplicated workflows but now it's automated and efficient. Before we had siloed GRC data- compliance has one set of data, risk has one, audit has one, BCP has one. Now it's a single GRC data repository with clear ownership of each data elements and strong data governance. Before risk was seen as the work of the risk function now risk is everyone's business.
Akhenaton Marcano
Assistant General Manager - Group Operational Risk and Controls
First Citizens Bank Trinidad and Tobago
Our first line is no longer coming to us to fill requests on an ad hoc basis. We are not having to drop everything to pull reports out of MetricStream for them. They can go straight into the Tableau server, pull the report they need and they are good to go.
Shelby Stinson
Assistant Vice President, Risk Officer
Hancock Whitney Bank
Embarking on a GRC program was really about delivering value and making sure we are not spending resources unnecessarily. We also wanted to enable the different lines of defense to deliver on their individual accountability.
Aadila Hashim
Risk Management COO & Head of Operational Risk
Momentum Metropolitan
In terms of benefits of implementation, we've achieved everything we set out to. We have a single source of the truth. The GRC platform is seen by the CRO as the place where all of the risk and control data and loss event data in Nationwide is mastered. It is the central record, the only record that we use to report to the regulator.
SIMON CORY
Director
Nationwide Building Society
We have now started to see commonality between different organization unit's risk assessment. We are starting to see maturities in how we are identifying issues in that process. We also have action plans for the next quarter and so forth.
Aubrey Mvula
Head of Operational Risk
Shawbrook
Using risk information during the time of the crisis is vital. So if anything the spotlight on MetricStream and the data within it and our ability to adapt that information has been huge. We are using the current environment as a lever to make sure we are keeping information up to date.
Head of Enterprise and Operational Risk
Nationwide Building Society
Better Insights.
Better Decisions.
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Measurable Outcomes
Instill a risk-aware culture, make informed decisions, improve business performance with comprehensive visibility into risk exposure and relationships across business functions.
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67% improvement in risk reporting visibility and efficiency for the executive management and board.
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90% reduction in time taken to manage compliance activities.
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90% reduction in audit review time.
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58% reduction in issue resolution time.
Gartner Magic Quadrant
MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management
PRESS RELEASE
MetricStream Unveils Arno Release of its Platform and Products – Enables Organizations to Thrive on Risk
Integrated Risk Management Solution empowers organizations to manage both current and emerging risks across geopolitical, digital, strategic, third-party, cybersecurity, and compliance areas. Built on the MetricStream Platform, the solution cuts across organizational silos by standardizing risk and control taxonomies and enabling stakeholders to effectively coordinate and unify risk management activities across all business functions. Organizations can align their assurance programs and gain comprehensive visibility into both risk exposure and relationships. Delivering deeper visibility and understanding of risk inter-linkages and their impact on business performance, Integrated Risk Solution strengthens resilience, enhances agility, and empowers risk-aware decision making.