PALO ALTO, Calif., Nov. 19, 2015 /PRNewswire/ -- MetricStream's market-leading Governance, Risk, and Compliance (GRC) Platform has been named the "Best GRC Product" at Risk.net's 2015 Operational Risk and Regulation Awards. The awards program honors excellence in operational risk management, regulation, and risk management services.
"We are honoured to receive this award," said Piyush Pant, Vice President of Strategic Markets at MetricStream. He continued, "We believe GRC drives superior business performance. At MetricStream, our sole focus is GRC, and that allows us to dedicate our energy, passion, and skills towards building a modern and innovative next generation GRC Platform that can power the current and future GRC needs of organizations of all sizes around the world."
The annual Risk.net Awards recognize the need for innovative technology solutions amidst our increasingly complex business and regulatory landscape. Today, all organizations, including financial institutions, are expected to manage a range of new and high-impact risks, including cyber-risks, social media risks, third-party risks and geopolitical risks. As these risks become more interconnected, there is a growing need for organizations to adopt an integrated risk management strategy.
Commenting on the greater shift towards integration, Risk.net reports that the "amalgamation of risk frameworks is driven by both regulatory and management pressures, as regulators demand a more joined-up approach to assessing and managing risk, while management pushes for a rationalization of systems to reduce costs and enhance efficiency."
To help companies make more risk-informed decisions that drive better business performance, the MetricStream GRC Platform provides a comprehensive GRC framework that unifies and streamlines risk management, compliance, audits, and other assurance activities. MetricStream's GRC Platform cuts across organizational siloes, bringing together disparate GRC information in order to provide a cohesive picture of organizational risks.
The MetricStream GRC Platform has consistently been ranked as a leading GRC technology by top analysts. Known for its integrated and flexible data model, MetricStream's GRC Platform is leveraged by over 350 organizations worldwide, including large global banks, mid-sized banks, investment banks, insurance firms, asset management companies, federal financial agencies, and clearing corporations.
"As today's risk and regulatory environment evolves, MetricStream remains focused on continuous innovation and expanding the capabilities of our award-winning GRC Platform," said Gaurav Kapoor, COO, MetricStream. He continued, "Today, MetricStream's GRC Platform includes innovations such as collaborative virtual and in-person customer communities, rich content portals like GRCIntelligence.com, advanced predictive analytics, mobile-based GRC Apps, and cloud-based deployment models in order to help simplify, streamline, and strengthen GRC programs. MetricStream's mission is to help our customers protect their brand, preserve their integrity, and perform better with GRC, and we are honored to be recognized by Risk.net as The Best GRC Product."
MetricStream is the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations 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 management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).
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