"One of the challenges that we face is to understand, communicate, and take action on the many regulatory changes that occur across programs and product lines. The MetricStream GRC tool will help us standardize and streamline processes to manage regulatory change effectively. It will also help ensure that regulatory change is consistently executed and delivered throughout the organization.”
“We have engaged [on the MetricStream Community] throughout the implementation and found the interactions and materials quite useful. [Through the interactions on the MetricStream Community] we have also made sure that what we are working through, other companies are also working through, and what we are seeing, other companies are seeing; so it's reassuring from that perspective.”
"MDOS offers a lot of new exciting features. MDOS introduces changes to most screens, primarily for fields with Organization and or User picklist as well as changing the Security setup and report filtering, Having additional dimensions offers more flexibility in the design of an org hierarchy as well as enhanced reporting filtering capabilities."
"Through the common controls framework we were able to accomplish a significant amount of consolidation about 93% of consolidation. We were able to reduce the 5128 requirements into a small set of about 326 controls."
"With a deluge of threats targeting internet infrastructures, achieving regulatory compliance was critical to us. We were looking for a solution that could serve as the basis of our SOX compliance initiatives and provide a comprehensive platform to manage financial and nonfinancial controls."
“With MetricStream’s role-based views that offer insights into core GRC processes and key metrics, real-time dashboards and reports, we can now track the status and trends relating to key risk and compliance programs more effectively.”
"There has been increased public pressure to improve governance and improve regulation -- even the regulators are being regulated."
"The benefits of using MetricStream are that everything is in one system; everything has a single taxonomy. We have combined all our risk definitions in one central occasion, so that it’s easy to report on and people know what a high-risk issue is."
“MetricStream’s solution has helped us streamline elaborate and intricate processes of compliance and risk management with an integrated enterprise-wide system, giving us a better grip on our compliance, risks, and lowering the overall cost of compliance.”
"We implemented the MetricStream Vendor Risk Management Solution at Zurich Insurance Company in under 12 weeks. We have a great solution that is really working well for the business."
"We have performed our annual compliance risk assessment in the tool. We have also used our tool this year for annual planning exercise."
"With this approach in mind, we began our search for a market-leading ERM solution that would deliver sustainable value, and support us as we continue to grow and face new challenges and opportunities. MetricStream stood apart both in terms of the robust business functionality of their solution, as well as their ability to facilitate consistency across our global risk management processes."
"[GRC] is truly a strategic implementation. [By using a GRC tool], you can save a lot of time, streamline your processes, and get people across the organization to use the same tool, thus increasing transparency and accountability.”
“The biggest benefit we are getting right now is to compress the time period we have to roll the updated ERM top 25 out. We are able to give it to the executive team in time for them to discuss the results and the progress.”
"We used to take a lot of man-hours trying out the numbers lots of reports and graphs that would be affected with one small change, but with the tool we can do that simultaneously."