Gain Comprehensive Risk Management Insights
The MetricStream Integrated Risk Management solution offers your organization a robust platform to manage both existing and emerging risks across different categories, including geopolitical, digital, strategic, third-party, cybersecurity, and compliance. By leveraging predictive risk metrics and indicators, you can gain forward-looking insights into potential risks. The solution breaks down organizational silos by standardizing risk and control taxonomies, centralizing risk libraries, and enabling stakeholders to coordinate risk management activities effectively. You can align assurance programs seamlessly, providing deep visibility into risk exposure and relationships. This comprehensive approach allows you to understand risk interdependencies, strengthen resilience, and make informed decisions in a complex risk environment.
Enhance Risk Visibility and Business Decisions
MetricStream's Integrated Risk Management solution enhances risk visibility by providing an integrated approach to risk management. It allows you to anticipate risks across various functions such as compliance, IT, audit, legal, finance, and operations. With a structured and collaborative approach, the solution enables risk-informed business decisions. By addressing both enterprise and operational risks comprehensively, organizations can make better-informed decisions and mitigate potential risks effectively.
Mitigate Compliance and Cyber Risks
The solution helps organizations keep compliance risks and fines at bay by proactively assessing and managing compliance risks. With strong policy governance, you can maintain regulatory compliance and build trust with regulators and the board. Additionally, MetricStream's Integrated Risk Management solution aids in safeguarding businesses from cyber risks by automating cyber governance, ensuring compliance with cyber regulations, and monitoring vendors for potential cybersecurity risks.
Optimize Assurance Programs and Internal Audits
You can streamline your assurance program with risk-based internal audits, driving agility and alignment with the overarching risk management framework and business strategy. Leveraging AI capabilities, organizations can sift through data swiftly to extract valuable insights, enhancing the efficiency of internal audit processes. By adopting an agile and risk-based approach to internal audits, organizations can better manage financial controls and mitigate risks effectively.
Centralize Management of ESG Risks
Organizations can centrally manage Environmental, Social, and Governance (ESG) risks by complying with multiple ESG frameworks, automating issue creation on threshold breaches, and tracking ESG metrics and trends. The solution equips organizations to identify disclosure gaps, automate issue creation, and conduct periodic assessments of third parties and suppliers. By effectively managing ESG risks, organizations can enhance their sustainability practices and meet stakeholder expectations.
Drive Business Performance with IRM Software
MetricStream's Integrated Risk Management (IRM) Software solution catalyzes agility in risk-based decision-making by providing a consolidated view of the top risks faced across the three lines of defense. It enhances operational efficiency by reducing the cycle time and costs associated with risk assessments. By establishing consistent risk processes, methods, and classifications across the organization, the IRM software improves the maturity of the risk management program. Organizations can align risk metrics with performance indicators linked to strategic initiatives, thereby accelerating business performance and fostering growth.