MetricStream helps organizations boost confidence in SOC compliance activities with enhanced visibility into IT assets that store sensitive data, enabling the associated risks to be accurately assessed. Mapping of IT compliance controls to risks, processes, and assets in a centralized repository allows easy monitoring. Organizations can also plan, manage, and conduct IT control tests through MetricStream’s survey and self-assessment capabilities and report the results with evidence of findings attached.
Streamlined SOC Compliance Activities
MetricStream helps organizations boost confidence in compliance with SOC 1, SOC 2, and SOC 3 through enhanced visibility into IT assets that store sensitive data, enabling the associated risks to be accurately assessed. Mapping of IT compliance controls to risks, processes, and assets in a centralized repository allows easy monitoring. Organizations can also plan, manage, and conduct IT control tests through MetricStream’s survey and self-assessment capabilities and report the results with evidence of findings attached. Any identified IT compliance issues can be investigated and remediated through systematic workflows.
How Does MetricStream Help You Achieve SOC Compliance?
Centralized IT Compliance Environment Design
Establish a centralized and comprehensive structure of the organizational IT compliance hierarchy, including controls, assets, risks, processes, and audits. Easily map controls to compliance frameworks and regulations, thereby streamlining IT compliance activities and eliminating redundancies.
Standardized and Harmonized Set of Controls
Harness the power of the Unified Compliance Framework (UCF) Common Controls Hub to standardize and harmonize control sets across multiple IT regulations. Gain efficiencies by leveraging the ‘test once, comply with many’ approach that helps to comply with multiple regulations and standards efficiently by leveraging harmonized mappings.
Streamlined Self-Assessments and Surveys
Use predefined templates and schedules for IT compliance surveys, certifications, and control self-assessments. Facilitate electronic sign-offs at departmental and functional levels and roll them up for executive certifications.
Advanced IT Compliance and Controls Assessments
Link IT compliance controls and assessment activities based on framework requirements. Simplify scheduling of automatic assessments by using predefined criteria and checklists. Test the effectiveness of controls based on questions and procedures and report the results with evidence of findings attached.
Intelligent Issue and Remediation Management
Record, investigate, and resolve IT compliance and control issues in a streamlined and structured manner. Quickly identify issues based on relation and recommend issue classification by leveraging AI/ML capabilities. Send automated alerts to relevant stakeholders to ensure that investigation and remediation task assignments are on track.
What Benefits You Can Expect?
- Comprehensive visibility into organizational IT compliance status based on multiple parameters, including regulations, regulations linked to assets, and asset classes
- Operational efficiencies from harmonized control sets and rationalized IT control assessments across standards and frameworks
- Reduced number of evidence requests through de-duplication
- Enhanced IT compliance function maturity resulting in better corporate brand recall among auditors, governing bodies, and investors
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Frequently Asked Questions
System and Organization Controls (SOC) reports, previously Service Organization Control (SOC), help to verify that an organization is following the attestation standards established by the American Institute of Certified Public Accounts (AICPA), a globally recognized body for accounting and auditing best practices. They provide the assurance that the organizational processes and practices, such as those related to system monitoring for unusual activity, system configuration changes (authorized/unauthorized), and user access levels, have the required level of oversight. For service organizations, the AICPA has established three reports as frameworks for examining internal controls – SOC 1, SOC 2, and SOC 3.
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