MetricStream Enables Organizations to Mitigate Compliance Risks with Enhanced Intelligent Regulatory Content Libraries, Delivered on Its Integrated Risk Platform
Optimizes real-time, risk-aware decision-making to accelerate business performance
December 8, 2020 (San Jose, CA) – MetricStream, the independent market leader in enterprise cloud applications for Governance, Risk, and Compliance (GRC), announced enhanced Intelligent Content Libraries in the release of the latest version of its M7 Integrated Risk Platform. The Intelligent Content Libraries will enable customers to adopt simple, agile, and intelligent approaches to proactively address the changing workforce, embedding regulatory changes, and instilling a culture of compliance. Learn more.
Regulatory Change is one of the top compliance challenges according to the Cost of Compliance Report 2020, published by Thomson Reuters Regulatory Intelligence (TRRI). The report notes that 217 regulatory updates were captured in a day from more than 1000 regulatory bodies. Moreover, the growing expectations of a changing workforce has compelled organizations today to adapt, to create a culture of risk-aware decision-making, inclusion and compliance to succeed in an environment where risk is permeating through all levels of the organization.
Gaining real-time updated intelligence, alleviates these challenges across the extended enterprise. MetricStream has invested and innovated within an ecosystem of partners which include Dow Jones Risk & Compliance , Shared Assessments, BitSight, Unified Compliance and Compliance.ai that provides real-time intelligent, contextual content across different industries and jurisdictions.
“It’s a world of instant information. Our customers need real-time contextual content, on the go, to pivot and quickly adapt to the volume and velocity of risks, while building resilience and strengthening performance.” said Andreas Diggelmann, CTO at MetricStream. “The Intelligent Content Libraries combined with our Integrated Risk Platform, empower all stakeholders including the frontline to participate in a risk-aware and compliant decision-making culture.”
The Intelligent Content Libraries can serve up the latest regulatory updates, sanction lists, cybersecurity ratings, politically exposed persons, adverse media, watch lists, credit checks, security ratings, and Country Corruption Index. Compliance teams can now subscribe to and leverage regulatory and risk intelligence content directly within the M7 Integrated Risk Platform to assess the impact of the regulatory changes on related policies, processes and controls. Access to risk intelligence alerts from these external content providers enhances visibility and enables organizations to take better risk-aware business decisions.
As the world adapts to the New Normal with the changing workforce, most organizations have accelerated their digital transformation of governance, risk, and compliance functions. The M7 Integrated Risk Platform unites data from across organizations and from the intelligent content ecosystem, removes information silos, accelerates the efficiency of risk, compliance, and cyber-risk programs, and serves as a single source of truth for real-time, risk-aware decision making.
MetricStream is the global market leader for Integrated Governance, Risk, and Compliance (GRC) solutions, delivering the most comprehensive solutions based on an Integrated Risk Platform, intelligent by design. MetricStream’s purpose-built platform is proven with over a million global users, designed to serve GRC use cases across industries and powered by deep domain expertise, embedded content, rich context, integrated data and AI. Since 2008, MetricStream has empowered organizations to intuitively harness frontline intelligence that enables all stakeholders to make real-time, risk-aware business decisions. More information is available at www.metricstream.com, LinkedIn, Facebook and Twitter.