MetricStream - Compliance Management Software
MetricStream Compliance Management software simplifies and strengthens the organization-wide compliance programs that govern your business, helping you master a complex web of regulations and regulatory changes. The product’s common risk framework, built on the MetricStream Platform, helps you manage a wide range of compliance requirements in an integrated manner. The cloud-based compliance management software improves your visibility into control effectiveness and ensures timely issue remediation. Align policies, standards, regulations, and controls to eliminate inefficiencies and redundancies. Streamline compliance processes with workflows, self-assessments, surveys, and issue remediation. Spot risks early and improve collaboration and communication across your teams with intuitive graphical dashboards and charts that provide critical real-time insights into compliance processes.
How Our Compliance Management Software Helps YouStay Primed on Regulatory Intelligence
Capture, store, and monitor regulations through the product software’s integration with reliable and authoritative regulatory content sources. Map regulatory updates to risks, controls, and policies, and stay informed on these updates through automated notifications and alerts.
Create a structured and logical internal control hierarchy including processes, assets, risks, controls, and control activities along with appropriate linkages among these data elements. Maintain associated policies and procedures, reporting requirements, and filing templates and schedules for various regulations.
Manage and design control tests or self-assessment plans in the form of surveys and questionnaires. Select control samples, and assign them to control owners, including testers and assessors. With the scope advisor, you can now manage easily and effectively by selecting the scope of the test based on risk scores and ratings against selected regulations. Easily capture non-compliance issues and certify control effectiveness.
Leverage artificial intelligence and machine learning (AI/ML) to quickly identify issues based on relationships, criticality, and business impact and recommend issue classification. Create and implement remediation plans, route to reviewers for approval, and enable real-time tracking of issue remediation.
Gain comprehensive visibility into compliance management processes through graphical dashboards with drill-down capabilities. Leverage a variety of configurable reports to monitor key control attributes, self-assessment and evaluation plans, control design status, process ownership, test results, and more.
- Avoid the risk of compliance violations, penalties, and reputational damage with timely insights on compliance readiness at each organizational level
- Improve the efficiency of the compliance function by automating control assessments and testing
- Improve business performance and decision-making through a unified and real-time view of the organization’s compliance status
- Proactively identify potential compliance risks through consistent and streamlined processes for control documentation, assessments, and testing