MetricStream, the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation in the Utilities and Energy Compliance and Ethics Conference. The conference will be held on February 26-29, 2012 in Texas, Houston, where industry experts will provide valuable insights on how compliance and ethics professionals in the energy and utilities domain can implement and drive an effective compliance and ethics program.
With the introduction of stricter regulatory and compliance mandates and the impending challenges that these mandates bring with them, organisations need to have a well-structured and well-managed compliance programs in place. Energy and utilities organisations are looking at adopting a robust, efficient and sustainable compliance management programs to avoid substantial noncompliance penalties as well as reputational damage.
During the four-day conference, MetricStream will present its GRC platform and demonstrate its capabilities and benefits that some of the largest public and private electric utilities, power companies and oil and gas corporations have experienced by implementing the solutions integrated on the platform.
Built on a centralized GRC platform, the MetricStream solutions provide an integrated approach to managing the complete GRC spectrum including regulatory mandates such as FERC and NERC Compliance, Risk Management, Audit Management, Issue and CAPA Management, Environment Health and Safety Management. The solutions streamline and automate end-to-end GRC workflows - ranging from policy creation and management, to control design and assessments, survey management, periodic audits, issue investigation and remediation, and communication and training.
The MetricStream solutions provide a systematic approach to internal control management with embedded best practices and control frameworks such as COSO and COBIT to help companies define and implement controls. The solutions also support control assessments based on predefined criteria and checklists with a mechanism for scoring, tabulating and reporting results. Powerful dashboards and reports provide real-time insights into control management processes and metrics, enabling managers to make quick, proactive and informed strategic decisions.
About MetricStream
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 NASDAQ OMX, UBS, Constellation Energy, Pfizer, Philips, BAE Systems, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, Government and Manufacturing to manage their risk management, 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.
