MetricStream is a cloud-hosted platform that offers an integrated structure to analyze, audit, control, document, and address exposures and risks within enterprises. This unified application gives the flexibility to manage all kinds of risks concerning third parties, vendors, IT, operations and others. Its chief functionalities include risk calculations, analysis, heat maps, deployment of rectification plans, action management, documentation, and inspections.
MetricStream helps you to define sub-processes and processes for risk management to make business operations work in alignment with compliance standards. The software’s content-driven functions allow you to access training materials presented by the specialist community and stay informed on industry trends through alerts. The vendor offers pricing on request and delivers support via email, chat, and phone.
MetricStream’s third-party management application facilitates an end-to-end process to detect, analyze, monitor, and mitigate third-party risks, and to handle compliance. The solution simplifies collection of third-party info, onboarding, due diligence, risk and control evaluations, and real-time monitoring. It also assists to delegate tasks and record engagements with third parties.
Further, the app provides enterprises with visibility and intelligence on third-party relationships for improved risk awareness and educated business decisions. Your business can use the application’s “multi-dimensional organization structure” feature to create third-party management initiatives based on your company’s hierarchies. The application conforms to global accessibility best practices and standards as determined by Section 508 and WCAG 2.1 Level AA.
Personalized and responsive interface built for third-party managers and their vendors or suppliers
Easily configurable to meet exact third-party management needs
Mobile optimized, facilitating third-party management anytime, anywhere
Real-time third-party insights and intelligence for improved decisions
Lean, fast, and equipped for the future
Avert third-party risk episodes, and facilitate operational continuity via fast risk evaluations
Enhance third-party risk visibility with frequent, rapid risk analyses
Improve third-party visibility, rationalization, and consolidation across businesses, risk exposure, and spend
Boost market and business agility by minimizing the time needed for third-party accreditation and onboarding
Manage exposure to third-party risks, and speed up responses to risk incidents by using risk notifications from several data feeds
Develop confidence in negotiation and sourcing decisions by utilizing historical info on third-party performance and risk, and the time taken to resolve issues
MetricStream provides pricing details by quote. Contact them directly to get custom pricing information for your organization’s needs.
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