MetricStream, Inc. - MetricStream Launches Next-Generation Internal Audit Management Solution

Further carrying on its charge to accommodate software solutions enabling companies to advance Governance, Risk and Compliance (GRC), MetricStream, Inc., the bazaar baton in enterprise-wide GRC and Quality Management solutions, today appear the barrage of a new absolution of its industry-leading Internal Audit Management solution.

In acknowledgment to the banking crisis of 2008, there is a boundless alarm for greater axle (BoD) accountability and accuracy in attention to which risks the axle accepts and how the risks are accepting managed. The role of the Chief Audit Executive (CAE) and the Internal Audit action is arising as cardinal as it supports the BoD and its committees by apart assessing the capability of companies’ arrangement of centralized controls and acquiescence with statutory, acknowledged and authoritative requirements.

Internal Auditors aswell charge to carefully coact with centralized and alien acknowledged advisors, accident ascendancy units and operational teams on investigations into above ascendancy issues and areas of improvement.

Faced with this transformation, organizations are analytic for approaches, accoutrement and technologies to accumulate and strengthen the Internal Audit action enabling it to bear added cardinal amount while blurred its costs of operation. MetricStream’s able new Internal Audit Management band-aid builds the foundation for seamless affiliation of geographically broadcast business units and optimized planning, beheading and allocation of analysis processes to assure capability and ability of operations, believability of banking advertisement and acquiescence with laws and regulations.

Developed in abutting accord with absolute MetricStream customers, the band-aid has been delivered to a amount of audience including some of the arch energy, oil & gas corporations, arch banking institutions including a ample banal barter and a axial case and several Fortune 500 audience in assorted industries like airlines, retail, activity sciences and healthcare. The top amount of ability provided by the band-aid enables chump to administer not just banking audits but aswell audits, assessments and inspections accompanying to operations, quality, safety, suppliers and IT illustrating the evolving role of centralized auditors.

“In circuitous authoritative structures with intricate procedures that drive ability of operations, believability of banking reporting, black and investigating fraud, attention assets and acquiescence with laws and regulations has resulted in a charge for added levels of adaptability, accord and afterimage if implementing Internal Audit systems,” said Gaurav Kapoor, CFO and General Manager at MetricStream. “Many organizations await on first-generation stand-alone point solutions or paper-based and chiral processes for active a array of analysis processes. As these companies check their basement to accept an integrated, top-down risk-based approach, implementing a able-bodied and able Internal Audit arrangement is active in ensuring that the alignment upholds world-class standards of accumulated babyminding and accident administration while active connected advance in business performance. This absolution of the MetricStream Internal Audit band-aid will position barter for abiding acceptable success.”

The absolution is arranged with added accord capabilities to advance afterimage aural the analysis aggregation as able-bodied as amid auditors and auditees arch to quicker acknowledgment times for bigger efficiencies. The appliance absolution aswell includes added administration advertisement capabilities with a affluent set of dashboards and reports. The able advertisement engine aggregates and rolls up advice above assorted ambit such as accident profiles, areas of compliance, business units and business processes with the adeptness to drilldown to appearance abstracts at diminutive levels.
“The MetricStream Enterprise Compliance Platform architectonics has enabled us to architecture this absolution of the Internal Audit Management appliance about the customers’ charge to accredit analytical risk-based analysis processes with connected appraisal of controls above all ambit of the enterprise. It addresses challenges such as multi-layered and intersecting alignment structures, acquiescence with country specific laws and industry regulations (such as FERC, NERC, Basel II, FDA, FAA, etc.) and the charge for administering audits at limited sites globally,” said Vidya Phalke, CTO at MetricStream. ”The band-aid allows clay of the ascendancy ambiance about industry-standard best practices and frameworks while accouterment the adaptability to accredit barter to arrange and acclimate the band-aid accurately to their alone business and technology needs.”

About MetricStream
MetricStream is a bazaar baton in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for all-around corporations. MetricStream solutions are acclimated by arch corporations such as Pfizer, Philips, NASDAQ, Sandisk, BP, Entergy, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in assorted industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to administer their above processes, authoritative and industry-mandated acquiescence and accumulated babyminding initiatives, as able-bodied as by over a actor acquiescence professionals common via the www.complianceonline.com portal. MetricStream is headquartered in Palo Alto, California and can be accomplished at www.metricstream.com.

MetricStream, Inc.
3000 Bridge Parkway
Redwood Shores, California 94065
United States
phone: 650-620-2932
www.metricstream.com
pr@metricstream.com