Governance, Risk, and Compliance (GRC) Software
Manage, Coordinate, and Track Multiple GRC Processes
Measure Your GRC Program Outcomes
Source: Based on MetricStream customer responses and GRC Journey Business Value Calculator
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Improvement in risk reporting visibility and efficiency for the executive management and board
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Reduction in time taken to manage compliance activities
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Reduction in controls and associated costs
Strengthen Business Performance Through an Integrated GRC Approach
The MetricStream GRC Software solution, built on the MetricStream GRC Platform, cuts across organizational silos, enabling a holistic and collaborative approach to enterprise-wide governance, risk, and compliance (GRC) activities and processes. Risk and compliance data from across the enterprise and third-party vendors can be effectively rolled-up and transformed into actionable business intelligence to support risk-aware decision-making. With support for mobility, real-time reporting, advanced risk analytics, and regulatory notifications, the solution is comprehensively designed to meet the GRC needs of today’s complex, global enterprises and their extended ecosystem.
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How Our GRC Software Solution Helps You
Sharpen Risk Visibility to Drive Faster Risk-Aware Decisions
Adopt a standardized enterprise-wide risk management framework with uniform risk assessment methodologies. Establish streamlined and well-defined processes for risk identification, assessment, monitoring, and mitigation. Deliver timely risk intelligence in the form of reports, dashboards, and advanced analytics for improved agility and smarter business decisions while minimizing losses.
Improve Your Regulatory Compliance Posture, Keep Potential Compliance Violations in Check
Efficiently manage compliance with a wide range of regulatory requirements, including federal, state, and local regulations, regulatory engagements, cases, and surveys. Easily align internal policies to regulations, standards, and laws. Stay on top of regulatory changes and assess their impact on your organization.
Ensure Cyber Resilience with Real-time Risk Intelligence Across the Enterprise
Amp up your cyber defense mechanism with a quantified, unified, and real-time view of risks, threats, and vulnerabilities. Mitigate IT and cyber risks efficiently and proactively while ensuring compliance with IT regulations and standards.
Safeguard Your Extended Ecosystem by Managing Third and Fourth-Party Risks
Effectively identify, assess, mitigate, and monitor third and fourth-party risks, as well as ensure compliance, track performance, and manage issues through a single point of reference. Identify and assess business continuity risks from third parties in conjunction with your plans. Leverage advanced reporting tools to proactively identify and manage third-party and fourth-party risks.
Enhance Assurance Processes, Drive Agile Risk-Based Audits
Enable agile internal audit processes, including risk-based audit planning, scheduling, workpaper management, audit execution, audit reporting, and follow-up. Save time and costs involved in setting up and managing financial controls. Establish well-defined workflows for SOX surveys and certification, efficiently plan and schedule risk assessments, and seamlessly create and evaluate control tests.
Achieve Resilience by Ensuring Uninterrupted Operations, Recovering Faster from Crises
Manage an effective business continuity and disaster recovery (DR) program with a flexible, integrated, and robust platform to orchestrate business continuity planning, risk assessments, disaster tracking, recovery action initiation, and emergency mass notification in case of crises.
How Our GRC Software Solution Benefits You
- Reduced impact on operations from siloed and uncoordinated risk assessments
- Minimized gaps and reduce cost of risk and compliance processes
- Reduction in redundant or duplicate activities
- Faster and efficient processes to gather information
- Enhanced ability to present consolidated, meaningful information and analysis
Frequently Asked Questions
Governance, Risk Management, and Compliance (GRC) software is a type of technology solution that is used by organizations of all sizes across industries to manage, streamline, and automate their governance, risk management, audit, and compliance activities for eliminating information silos, boosting collaboration, and managing various risks effectively using measuring and predictive capabilities.
Most effective GRC software solutions should have several key features for risk assessment and management, policy management, compliance management, control testing and monitoring, issue and incident management, advanced analytics, and reporting. Ease of use, along with integration capabilities, scalability, user access controls, training provision, and mobile accessibility, increases the adoption of GRC software among its end users.
MetricStream's Governance, Risk, and Compliance (GRC) software solution offers centralized management of all GRC processes, empowering organizations to enhance risk management, regulatory compliance management, and decision-making. Through workflow automation, increased accountability, and seamless collaboration across teams, it provides a dynamic framework for organizations to effectively adapt to change, mitigate risks, and achieve business success.
MetricStream GRC software solution allows organizations to seamlessly integrate with multiple regulatory content and compliance data, security and threat intelligence, third-party risk assessments, and other providers. Check out our Marketplace to learn more about all the GRC integrations currently supported by MetricStream.
| Other GRC Platforms | MetricStream GRC Software |
|---|---|
| Siloed and manual risk, compliance, audit, and cyber risk programs | Truly connected and automated GRC through AI-infused workflows and an integrated approach to risk, compliance, audit, and cyber risk programs |
| Risk information and analysis limited to past and present data; reactive approach | Forward-looking risk visibility with predictive risk metrics and indicators; proactive approach |
| Lack of enterprise view of overall GRC posture | 360-degree view of the GRC posture in a centralized dashboard for efficient board reporting and decision-making |
| Longer time to value | Quick time to value with built-in regulatory content, survey and assessment templates, well-defined workflows, and more |
| Difficult to configure and personalize | Easy to configure in a few clicks |
| Inability to support cross-functional collaboration | Seamless concurrent collaboration across teams for accelerated processes and better productivity |
| Complex UI/UX and workflows limiting user adoption | User-friendly and intuitive UI/UX with logical sequencing of tasks driving better user acceptance and adoption |
