Measure Your Program Outcomes
improvement in risk reporting visibility and efficiency
reduction in time taken to manage compliance activities
reduction in supplier onboarding time
Manage, Coordinate, and Track Multiple Governance, Risk, and Compliance (GRC) Activities
MetricStream BusinessGRC enables a connected, intuitive, and holistic approach to risk, compliance, audit, and third-party management. The capabilities in these products help you cut across organizational silos and facilitate collaboration and harmonization across teams, business units, and functions. With a consistent and uniform approach and common GRC taxonomies, the products allow users to effectively roll up risk, compliance, audit, and third-party vendor data from across the enterprise into actionable business intelligence. With support for mobility, AI-powered capabilities, advanced risk analytics, and curated regulatory notifications, BusinessGRC is designed to meet the GRC needs of today’s dynamic, global enterprises and their extended ecosystem.
How Our BusinessGRC Helps You
Effectively Manage Enterprise Risks
Establish a standardized approach to enterprise-wide risk management with uniform risk assessment methodologies. Streamline the processes for risk identification, assessment, monitoring, and mitigation. Gain deeper visibility into the top risks faced by the organization through advanced analytics, heat maps, reports, dashboards, and charts. Deliver timely risk intelligence for improved agility and smarter business decisions while minimizing losses.
Streamline Regulatory Compliance Management
Manage a wide range of compliance requirements, including cross-industry regulations, regulatory engagements, cases, and surveys. Effortlessly map internal policies to regulations, standards, and laws. Proactively identify regulatory changes and assess their impact on business processes, policies, risks, and controls. Provide users with deeper insights into compliance processes and procedures with graphical reports and dashboards.
Improve Assurance and Financial Controls
Drive agile and well-defined internal audit processes, including risk assessments, audit planning, scheduling, workpaper management, audit execution, analysis of audit findings, creation of audit report, and follow-up. Reduce the time and costs involved in establishing and managing financial controls. Streamline procedures for SOX surveys and certification, plan and schedule risk assessments, and seamlessly create and evaluate control tests.
Efficiently Manage Third and Fourth-Party Risks
Gain a single point of reference to identify, assess, mitigate, and monitor third and fourth-party risks, as well as ensure compliance, track performance, and manage issues. Enable third-party information gathering, due diligence, onboarding, real-time monitoring, and risk and control assessments. Capture and assess business continuity risk from third parties in conjunction with your plans. Leverage advanced reporting tools to proactively identify and respond to third-party risks.
How Our BusinessGRC Benefits Your Business
- Gain integrated, contextual, and predictive insights on risk and compliance to make better, faster decisions
- Reduce redundancies in data and duplication of effort through streamlined, automated processes
- Empower the entire organization to collaborate effectively to identify, assess, and mitigate risks
- Provide an all-encompassing foundation for good governance across the enterprise and third-party ecosystem