MetricStream Joins with LexisNexis® to Deliver Comprehensive Regulatory Intelligence
LexisNexis legislative and regulatory content to be integrated with MetricStream's GRCIntelligence.com, offering customers single platform to stay on top of regulatory changes
PALO ALTO, Calif., April 30, 2014 /PRNewswire/ -- LexisNexis, a leading global provider of content-enabled workflow solutions, and MetricStream, a market leader in Governance, Risk, and Compliance (GRC) solutions, today announced a strategic alliance to integrate LexisNexis regulatory and legislative intelligence with MetricStream's cloud-based content portal, GRCIntelligence.com.
Subscribers to LexisNexis content through GRCIntelligence.com will now have direct access to adopted regulations across 7,000 agencies and enacted legislations for all 50 States in the US and Congress through the portal. Subscribers will be able to leverage their MetricStream solutions to assess the impact of regulations, and seamlessly update policies, procedures, and internal controls to strengthen their organizations' regulatory compliance and corporate governance.
"Today's regulatory landscape is a maze of complex laws with various objectives and requirements that frequently change," said Ashvini Thammaiah, Director of Alliances at LexisNexis. "We know that organizations are struggling to track, prioritize, and understand the impact of these regulations on their business. By integrating our regulatory content directly into MetricStream's GRC platform, we can help simplify the regulatory compliance process for these organizations."
MetricStream's GRCIntelligence.com is a centralized source of curated GRC content, regulatory feeds, and market intelligence from several sources. This content integrates with MetricStream's GRC platform through the GRCIntelligence application, and users can seamlessly access content as it is being compiled from within their MetricStream solutions. GRCIntelligence.com was recently recognized as a winner at the 2014 GRC Technology Innovation Awards hosted by independent analyst firm GRC 20/20 Research.
The LexisNexis and MetricStream content integration will deliver regulatory intelligence to each subscriber's MetricStream GRC solution through alerts, notifications, and content updates. Users can then automatically trigger workflows to review the regulatory updates, determine their effect on policies and controls, notify the relevant stakeholders and identify action items.
"We're pleased to collaborate with LexisNexis to offer comprehensive regulatory content," said Gaurav Kapoor, Chief Operating Officer at MetricStream. He continued, "In listening to our customers around the world, the volume of regulatory content that they need to monitor poses many challenges for them. Efficiently automating and processing this content in a way that can help drive business processes is critical. Through MetricStream GRC Platform, GRCIntelligence.com, and our alliance strategy with knowledge providers, MetricStream's vision of integrating content, software, and community provides robust functionality, and serves as a future-proof solution to today's challenges. This alliance with LexisNexis will further equip our customers with regulatory intelligence and compliance workflow tools to efficiently meet their corporate governance objectives and enhance business performance."
About LexisNexis Legal & Professional
LexisNexis® Legal & Professional (www.lexisnexis.com) is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 175 countries with 10,000 employees worldwide.
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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