MetricStream, today announced that it has been cited as a ‘Leader’ in the recently published report – The Forrester Wave™: Enterprise Governance, Risk and Compliance Platforms, Q3 2009.
MetricStream was among the select companies that Forrester Research, Inc. invited to participate in its July 1, 2009 report – The Forrester Wave™: Enterprise Governance, Risk, And Compliance Platforms, Q3 2009. In this evaluation, MetricStream’s top scores were for Company Strategy and Vision.
Enterprise GRC Magic Quadrant
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Enterprise GRC Magic Quadrant
“We are pleased that MetricStream has been named a ‘Leader’ by Forrester after thorough product analyses and extensive customer interviews,” said Shellye Archambeau, CEO at MetricStream. “The report reflects the continued adoption of MetricStream’s GRC solutions and the position as a market leader that MetricStream has established in helping large and mid-tier companies meet their complex enterprise GRC needs.
In placing MetricStream among the leaders in the Enterprise GRC Platform market, the report commended that “MetricStream targets a wide range of GRC professionals, recently winning deals on the strength of its new audit management capabilities.”
In the wake of the economic crisis of 2008 that renewed focus on oversight and transparency, MetricStream had launched its next-generation of internal audit and risk management applications designed to enable organizations to strengthen risk-driven auditing processes and operational risk management with enhanced collaboration, powerful reporting and flexible workflows. The new release that started shipping earlier this year has been widely adopted by several global Fortune 1000 clients looking to upgrade their risk and audit tools.
Furthermore, in evaluating the core technical GRC criteria, the Forrester analysts state that “With a substantial peer network and content delivered through its ComplianceOnline.com business, MetricStream presents a strong value proposition to compliance professionals. Policy and procedure management was its best category among the core technical GRC criteria.”
MetricStream’s ComplianceOnline.com is one of the world’s leading community-based portals for compliance professionals promoting best practices for meeting regulatory demands through online training, compliance alerts and regulatory intelligence. The portal is fully integrated with the MetricStream platform enabling intelligent and content driven features such as triggering of business processes for compliance risk assessments and policy reviews based on a regulatory notifications and compliance alerts.
One of the key areas in which MetricStream has made significant progress is GRC analytics which covers capabilities for risk quantification and analytics, compliance reporting, scenario modeling, reporting and dashboarding. MetricStream platform provides a strong integration between performance management and risk and compliance management through powerful tools for performance monitoring and decision support such as balanced scorecards and risk heat maps.
“MetricStream is uniquely positioned to help large businesses manage governance, risk, compliance and quality while improving visibility, control and efficiency,” said Gaurav Kapoor, CFO and General Manager at MetricStream. “MetricStream provides best-in-class solutions for GRC disciplines such as Enterprise and Operational Risk, Regulatory and Financial Compliance, Policy Management, Operational and Internal Audit, Quality Management and Supplier Performance. As global corporations look to consolidate GRC programs, customers see significant value in MetricStream’s mature and scalable GRC platform.”
About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, American Airlines, NASDAQ, SanDisk, BP, Entergy, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.
