PALO ALTO, Calif., May 1, 2014 /PRNewswire/ -- MetricStream, a market leader in Governance, Risk, and Compliance (GRC) solutions announced the integration of MetricStream Applications with Concur®, a leading provider of integrated travel and expense management services. Through the power of the Concur T&E Cloud, this application will integrate travel and expense management with audits and compliance management. The integration enables Concur and MetricStream customers to capture and manage travel and entertainment transactions, track compliance with relevant regulations and corporate policies, and help reduce incidents of non-compliance.
The integration will be developed through Zaplet – MetricStream's open and flexible cloud platform. The app will leverage MetricStream's big data analytics to automatically aggregate and filter through enterprise-wide travel and expense data from Concur, and immediately identify if any travel or other expense-related transactions are out of compliance with regulatory or corporate policies, enabling better governance and oversight.
Designed to help organizations better monitor compliance with relevant regulations including Foreign Corrupt Practices Act (FCPA), UK's Bribery Act and its equivalent across the globe, it will also benefit travelers with compliance related to industry specific polices or regulations, such as the stringent gift & entertainment and Code of Conduct policies that apply to Pharmaceutical and Defense establishments.
"We are focused on creating an ecosystem of partners with innovative new products and services for our customers and their employees," said Jigish Avalani, SVP & GM of Concur Platform Developer Services. "Through MetricStream's integration with the Concur T&E Cloud, customers will soon have the ability to identify errant transactions before a trip is taken, maintain consistent compliance within their travel policies and reduce overall travel spend."
MetricStream's solutions are used by some of the best-known companies worldwide to manage their risk, compliance, and governance requirements. Zaplet, the company's open and flexible cloud platform, harnesses the power of Platform-as-a-Service (PaaS) to help companies build, deploy, distribute, and manage specialized GRC applications.
"Companies face a number of challenges in aligning their increasing travel and other expenditure patterns with relevant regulations, corporate policies, and budgets," said Gaurav Kapoor, Chief Operating Officer at MetricStream. "Our partnership with Concur is targeted at automating and improving travel and expense management through better compliance with policies and more streamlined audits. Our Zaplet platform, compliance capabilities, and big data analytics, integrated with Concur's travel and expense management capabilities, will offer customers a one-stop destination for managing travel and expense governance."
The MetricStream app will be available soon in Zaplet's GRC App Store and the Concur App Center.
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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