Enhanced Collaboration and Holistic Approach to GRC
MetricStream ConnectedGRC offers organizations a comprehensive platform that promotes a collaborative and holistic approach to Governance, Risk, and Compliance (GRC). By fostering collaboration between risk, compliance, audit, cybersecurity, and sustainability teams, this solution enables businesses to identify, assess, manage, and mitigate various types of risks effectively. With advanced analytics and AI capabilities embedded within the platform, organizations can leverage best practices to tackle evolving risk landscapes in dynamic business environments.
Driving Business Growth and Strategic Differentiation
ConnectedGRC from MetricStream is designed to drive business growth and strategic differentiation through a robust GRC program. This purpose-built platform empowers organizations to create agile and dynamic GRC strategies that capture, aggregate, share, and mitigate enterprise and operational risks seamlessly. By centralizing risk management practices, businesses can define, manage, and leverage risks to their advantage, enhancing decision-making processes and fostering a risk-aware culture.
Protecting Digital Businesses from IT and Cyber Risks
The BusinessGRC component of MetricStream ConnectedGRC focuses on protecting digital businesses from IT and cyber risks, as well as evolving threats. Organizations can swiftly implement a comprehensive IT and cyber risk and compliance program that aligns with their security objectives. By leveraging industry best practices and frameworks, businesses can identify, assess, and mitigate IT, cyber, and third-party risks effectively. This enables organizations to maintain compliance with standards like NIST, ISO 27001, SOC2, and more, gaining a quantified view of their risk posture.
Driving Growth with ESG Best Practices
MetricStream ConnectedGRC enables organizations to drive growth by incorporating Environmental, Social, and Governance (ESG) best practices into their operations. By simplifying and streamlining management of ESG requirements, businesses can systematically define and adhere to ESG standards, frameworks, and disclosure requirements. This holistic approach allows organizations to capture environmental and social metrics, automate assessments, monitor suppliers, and facilitate board-level reporting, ultimately enabling growth with purpose.
Business Benefits of ConnectedGRC
The benefits of MetricStream ConnectedGRC are manifold, ranging from reducing risk exposure and losses to gaining competitive advantage. By improving GRC processes and efficiencies, organizations can adopt a proactive approach to compliance and risk management, steering clear of compliance violations, regulatory enforcement, reputational damage, and penalties. Establishing a robust data governance and reporting framework builds confidence with regulators, executive management, partners, and customers, enhancing overall trust and credibility.