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MetricStream Enterprise Risk Management software enables a structured and systematic approach towards managing organizational risks in the business. Built on the MetricStream Platform and supported by uniform risk assessment methodologies and standards, this ERM product gives organizations the ability to accurately understand risks and gain clear visibility into the top risks they face. Multi-dimensional risk assessments based on several qualitative and quantitative parameters can be performed to establish the organization’s risk profile. Real-time insights into risk management programs and a more efficient ERM approach is offered through powerful analytics, advanced heat maps, reports, dashboards, and charts.

 

Enterprise Risk Management

Enterprise Risk Management

Measure Your Program Outcomes

 
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  • 67%
  • gain in risk reporting visibility and efficiency

 
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  • 80%
  • increase in risk and control framework related operational efficiency

 
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  • 15X
  • improvement in risk metrics tracking

 

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Source: Based on MetricStream customer responses and GRC Journey Business Value Calculator

Step-Up Your Enterprise Risk Management Program

MetricStream Enterprise Risk Management software enables a structured and systematic approach towards managing organizational risks in the business. Built on the MetricStream Platform and supported by uniform risk assessment methodologies and standards, this ERM product gives organizations the ability to accurately understand risks and gain clear visibility into the top risks they face. Multi-dimensional risk assessments based on several qualitative and quantitative parameters can be performed to establish the organization’s risk profile. Real-time insights into risk management programs and a more efficient ERM approach is offered through powerful analytics, advanced heat maps, reports, dashboards, and charts.

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Why MetricStream ERM Software

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Gain a 360º view of risk and trends through interactive executive dashboards and advanced visualization of key metrics to help you react faster to emerging risks or changing risk profiles. Access real-time information on risk management systems across the organization through role-based landing pages with graphical dashboards.

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Set up a common integrated risk taxonomy with the tool’s federated and centralized data model to create a common risk language across all lines of the business. Identify and define business objectives, processes, risks, and controls to better understand and analyze the relationships across these data elements.

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Plan, schedule, and perform risk and control assessments efficiently, on the go. Add or delete risks and controls while performing an assessment in real time. Be proactive in evaluating inherent and residual risks to the business, and the efficacy of control test plans.

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Measure and track key performance, risks, and controls indicators in the ERM program based on risk profiles and thresholds to mitigate potential threats. Send alerts and notifications on any breach to relevant personnel for quicker, better decision-making.

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Leverage AI/ML to quickly identify issues based on relevance, relationships, and criticality, and recommend issue classification. Create action plans such as control modification or definition of new controls as part of the issue remediation process. Stay updated on the status of implemented actions at every stage and track them to closure.

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Access advanced tools for planning, scheduling, and performing risk assessments. Use the simple and intuitive interface of the product to assess risks easily. Enable both top-down and bottom-up approaches to risk assessments. You can rate a simple risk assessment or use advanced risk scoring tools for more complex risks across business units, geographies, and products.

Business Benefits With MetricStream ERM
  • Improve operational efficiency by reducing the cycle time and costs of risk assessments, while improving resource utilization
  • Drive agility and risk-based decision-making by providing a single view of the top risks faced by the organization in a common risk language, across all lines of the business
  • Deliver forward-looking risk visibility with predictive risk metrics and indicators that help anticipate and prevent adverse risk incidents
  • Build confidence with regulators and executive management by establishing a strong risk data governance and issue reporting framework with clear lines of accountability
BUSINESS VALUE CALCULATOR

Trusted by Leading Brands

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Frequently Asked Questions

Built on the MetricStream Platform, and supported by uniform risk assessment methodologies and standards, our Enterprise Risk Management (ERM) gives organizations the ability to accurately understand their risks with comprehensive risk visibility and aggregation capability. Standard risk and control taxonomy, with many-to-many relationship mapping capability, supports model risk management plans based on organizational hierarchies. Real-time insights into risk management programs are offered through powerful analytics, advanced heat maps, reports, dashboards, and charts enabling organizations to make risk-informed decisions that optimize business performance.

Yes, the MetricStream ERM product provides advanced capabilities for planning, scheduling, and performing risk assessments, and once the assessments are complete, route the results for review and approval. Users can perform assessments easily with a simple and intuitive user interface. Both top-down and bottom-up approaches to risk assessments. Manage simple assessments by rating a risk, or advanced assessments using multiple factors and advanced risk scoring to meet variations in the risk assessment methodology across business systems, regions, and products.

Yes, real-time insights into risk management programs and a more efficient ERM approach are offered through powerful analytics, advanced heat maps, reports, dashboards, and charts.

MetricStream ERM allows measurement and tracking of key indicators for risks (KRIs), controls (KCIs), and performance (KPIs). The software supports users to set thresholds to identify potential threats and mitigate them in advance. The tool sends alerts and notifications on any breach to relevant personnel for faster decision-making.

You can access real-time information on risk management programs across the organization through role-based landing pages with dashboards. View risks by organization, product, process, or risk category. Slice and dice the data using easy filters and track the movement of risk from inherent to residual on a heat map based on the effectiveness of the controls. Gain a 360o view of your program through advanced visualization of key metrics and personalize your home page based on your specific analysis needs.

Continue learning about all the incredible features of MetricStream Enterprise Risk Management by exploring the product page.

Also, you can visit our Insight section where you can learn about our customer stories, webinars, thought-leadership, and product overviews.

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