Customers Validate MetricStream's Strengths in GRC Analyst Michael Rasmussen's Vendor Viewpoint Report
In an objective and unbiased vendor review, the GRC 20/20 Research report highlights MetricStream's market leadership in providing an integrated enterprise GRC architecture
PALO ALTO, Calif., Dec. 17, 2013 /PRNewswire/ -- GRC 20/20 Research analyst, Michael Rasmussen, has released a Vendor Viewpoint report evaluating MetricStream Governance, Risk, and Compliance (GRC) solutions based on research, interviews, and interactions with MetricStream customers. The report cites MetricStream as "a leader in the path of evolution from the GRC platforms of the past to a truly integrated architecture that connects into the fabric of business operations to operationalize GRC, and deliver GRC intelligence."
Commenting on the report, Michael Rasmussen said, "In a complex and continuously changing business environment, it is important for organizations to be aware of individual areas of risk, as well as the big picture of risk and its impact on business performance and strategy. Achieving this level of visibility requires a GRC architecture that acts as a central nervous system, connecting GRC data across the enterprise, and providing a business context to it. Based on our evaluations, we believe that MetricStream provides this kind of a comprehensive, integrated, and federated GRC architecture which enables customers to improve the effectiveness, efficiency, and agility of GRC."
The GRC 20/20 Research report states, "While there are many capable GRC solutions on the market today, MetricStream provides one of the most comprehensive set of GRC capabilities in the context of business. This has not been easy to achieve and at times has been a bumpy road for MetricStream, but it has continued to invest in R&D to enhance its technology consistently year after year. GRC 20/20 has monitored MetricStream in the market and at times has seen MetricStream stretch itself to capacity in client projects to take on challenging and sophisticated implementations. In the end this has paid off with a comprehensive GRC architecture."
According to the GRC 20/20 Research report, customers have validated the effectiveness of MetricStream's solutions in helping them build stronger business processes that operate within organizational controls and policies, and enable them to provide more reliable information to auditors and regulators. Customers also report that MetricStream provides efficiencies and savings in human and financial capital resources.
Another major benefit customers have realized is greater agility – MetricStream helps organizations become more responsive to internal and external changes, and react more quickly to adverse events and issues in order to minimize damage or loss.
Other MetricStream capabilities highlighted in the report include the company's breadth and depth of offerings, the ability to operationalize GRC, the integration of content, sophisticated analytics with contextual awareness, and mobile apps.
The report indicates that large companies with multiple streams of GRC can have challenging deployments. It concludes that through continued enhancements to its platform architecture, applications, and innovative offerings like AppStudio, MetricStream has continuously advanced, and stayed at the forefront of the GRC technology market.
"We are happy that MetricStream has been evaluated in depth by GRC 20/20 Research through detailed discussions with many of our customers. The report provides a deep-dive look into our platform and applications. Given GRC 20/20's Research's history and depth of understanding of the market, we are pleased to see the analysis," said Gaurav Kapoor, Chief Operating officer at MetricStream.
He continued, "GRC 20/20 Research's concept of an integrated GRC architecture aligns well with MetricStream's vision of Pervasive GRC. Companies will benefit most when GRC is embedded at every level of the organization, and enterprise data is effectively harnessed to derive meaningful risk and performance insights for decision-making. MetricStream is committed to helping customers achieve Pervasive GRC through continued investments in technology, people, content, education, and enabling of vibrant communities in the marketplace."
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, Barclaycard US, P&G, Constellation Energy, Pfizer, Philips, United Technologies Corporation, SanDisk, Cummins, and Autogrill in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.
Mr. Vinay Bapna
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