INVC,,
Mumbai,,
Building on its on-going commitment to improve business performance through innovation, MetricStream, the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, has announced significant enhancements to its GRC Platform version 6. The new platform includes an enhanced GRC data model with a high degree of flexibility for designing GRC programs and processes. It also delivers superior user experience through intuitive navigation tools, visualization of GRC data, and simplified information sharing and collaboration capabilities. A sophisticated security and access control paradigm supports complex organizational structures with multiple business, functional and product lines.
Today, organizations are gradually moving away from silo-based applications towards a standardized and enterprise-wide GRC framework. MetricStream ensures that the framework supports independent risk, compliance and assurance functions and processes, while integrating them on a common information platform. Such an environment enables greater collaboration as well as improved visibility into business risks and controls.
“With the flexibility and ease of configuration that MetricStream GRC Platform now provides, our customers can establish a robust company-wide infrastructure that will always be risk-aware, regulation-ready and synchronized with governance standards,” said Vidya Phalke, CTO at MetricStream. “MetricStream is delivering a blueprint to tie GRC with business strategy and performance.”
Flexible and Extensible GRC Data Model: MetricStream GRC Platform 6 now includes the GRC Foundation – an extensive set of libraries for risks, controls, processes, policies, assets, organizations, regulations and other GRC elements. These entities are highly configurable, and can have attributes, relationships and workflows defined centrally and leveraged across the enterprise.
The platform architecture enables organizations to model functions such as Internal Audit, Operational Risk and Corporate Compliance in a comprehensive manner. It also enables the design of multi-disciplinary and integrated GRC ecosystems spanning a range of control and assurance processes such as Policy Management, Quality Management, Supplier Risks and Performance, IT Risks and Compliance, and Environment, Health and Safety (EHS)
