"MetricStream's platform provides a strategic foundation with specific solutions that enable Fairchild to achieve our near-term quality improvement objectives."
"Technology is an enabler, it helps in establishing consistent practices and standards amongst all our risk disciplines."
“We need a regulatory engagement management system that is capable of being used by key people in compliance and quite widely in our counterpart functions like finance, risk, and legal, but also actually in the business – either as an information delivery tool, or as a way to share information back to compliance. We also need to create a central repository of what’s going on with regulators – which we can’t do with our current technology limitations. That really impairs the efficiency of what we do, as well as the organization’s ability to see what’s going on in the whole piece.”
"One of the highlights of our GRC implementation is the successful use of the survey module as a global first level assurance activity. In the last 6 months alone, we've completed close to 10,000 first line assurance verification. This is supporting our control testing and eventually helping us to demonstrate the effectiveness of our controls."
"We are happy to say our compliance to incident reporting and tracking in the new software is now at 96%, previously in the first edition, it was 4%. Our action tracking today is at 89% and previously it was I think 17%."
"We are operating on one single system which gives us the ability to act prior to any incident. {This also gives us the} ability through our assurance activity to demonstrate we have a high degree of operational discipline across all areas of our business."
“For the first time the company had a complete inventory of the organization’s risk. That helped us recognize early on that MetricStream solution is well conceived and tremendously efficient.”
"MetricStream provides leaders with a comprehensive, real-time view of all the compliance events and trends in their offices, thus enabling more transparency than ever before."
"The {MetricStream} 2020 upgrade gave us a better user experience, more powerful data visualizations, and more reporting capabilities. It strengthened collaboration among executives and risk managers, who were able to shorten cycle time and reduce the costs involved in risk assessments."
“GRC initiative requires building a roadmap for audit, risk and compliance to increase business performance.”
"With all risk and loss information in one place, the three lines of defense can collaboratively create risk mitigation plans and actions, thereby accelerating their response to loss events or incidents."
“MetricStream has implemented a rich solution to support our specific audit and compliance needs. With clear visibility into audit status and complete automation in these areas, we have achieved stronger compliance and secure audits across the organization. With MetricStream Solution, we feel well-equipped to meet newer challenges in the healthcare space and serve our patients better than ever.”
“MetricStream has mapped its solution to support our specific needs and workflow structure. With this easy-to-use and flexible solution, we have achieved stronger compliance and reporting ability across organization making us better-equipped to meet the specific challenges in the health insurance space today.”
“By October 2011, we had a complete, consolidated picture of risk across the group. Therefore, during our meetings with organizational executives, we could point out which auditable entity was more risky than others. Providing this kind of feedback was new. It enabled us to add value to the management team, and act as partners to the business.”
"Earlier people used to work with risk, and did not know about it. But now people are more aware that they are working with risk and they focus on the right thing and the main thing."