Energy
The Energy sector is operating in a vulnerable landscape which is shaped by price volatility, evolving energy demand, sustainability, and innovative trends that connect risks from E&P to distribution channels. The industry continues to battle fundamental challenges caused by political instabilities, rigid regulatory scrutiny and a huge array of onshore and offshore risks, arising from safety, IT security, supply chain and non-compliance. To stay ahead, organizations need to adopt a cohesive approach to mitigate enterprise risks, with efficient compliance, optimized audit efforts and security from cyber threats across their value chain. MetricStream solutions for the Energy industry provide an approach to manage and mitigate operational as well as enterprise risks and efficiently build compliance processes.
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Key Solutions
Integrated Risk Management
Corporate Compliance
Supplier Risk
Cybersecurity
Customer Experience
A lot of time may be spent on the design phase of a GRC program, but ultimately, it's about how the program is implemented. There needs to be a focus on engagement, communication, follow-up, and the sustainability of the GRC program.
Dr. Mark Hodgkinson
Operational Excellence Manager
Bahrain Petroleum Company
Measurable Outcomes
Mitigate Multi-Dimensional Risks to Stay Compliant and Be Innovative.
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90% compression in compliance management timelines.
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66% decrease in the time needed to complete IT risk assessments.
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90% improvement in time spent on audit review.
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80% reduction in third-party onboarding time.