Energy Distribution Company Deploys MetricStream GRC Platform for NERC Compliance
MetricStream’s Document Management solution will be deployed as a central system of record for NERC reliability compliance for all serviced regions. From a compliance stand-point, the first thing regulators and auditors want to see is how an organization defines its adherence to requirements based on how policies and procedures are managed. MetricStream provides a flexible framework to streamline creation and management of corporate policies to facilitate accountability and foster communication. The solution enables companies to adopt an electronic and automated approach to the development, maintenance and communication of various documents, guidelines, policies and procedures across the enterprise. Furthermore, MetricStream’s Compliance Management solution will allow the public service company to tackle compliance challenges in a sustainable, repeatable manner through risk and control assessments. In its entirety, the solution will deliver rules-based workflows and robust management and reporting tools that provide enterprise-wide visibility into compliance and enable superior decision making.
NERC is responsible for developing and enforcing reliability standards, monitoring the bulk power system, assessing future adequacy, and auditing owners, operators, and users of the bulk power system. These standards are designed to ensure dependability in North America’s power grid and violations can result in fines of up to $1 million per violation per day. As a result, they are forcing electric energy providers to strengthen their compliance programs. Paper-based processes, point solutions or legacy application cannot scale to meet complex compliance requirements, which span thousands of standards. MetricStream offers a flexible, cost-effective approach to streamlining all risk and compliance processes in an organization based on an integrated GRC platform. The platform’s integrated and workflow driven approach delivers an automated solution to optimize critical processes while creating transparency, auditability, and accountability.
"Customers are looking for ways to create a consistent, dependable approach for managing compliance and identifying, quantifying, managing and reporting enterprise risks and controls,“ said Carl McCauley, Vice President of Sales at MetricStream. “This implementation shows how MetricStream is leading the market by facilitating structured risk and compliance management programs driven by its platform-based technology and solution offerings.”
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, NASDAQ, UBS, Sandisk, BP, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a 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.
2600 E. Bayshore Road
Palo Alto, California 94303
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Energy Distribution Company Deploys MetricStream GRC Platform for NERC Compliance here
News-ID: 82271 • Views: 524
More Releases from MetricStream, Inc.
Risk-based Auditing Workshop at the 12th Annual Regional Gulf Audit Conference
April 05, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation at the 12th Annual Regional Gulf Audit Conference. Organized by the UAE Internal Audit Association, the conference will be held in from 3rd -5th April, 2011 in Dubai, UAE. MetricStream will be participating in the conference and showcasing its market-leading internal audit solutions. The company will
MetricStream CEO Shellye Archambeau to Present a Session on Automating Informati …
MetricStream CEO Shellye Archambeau to Present a Session on Automating Information Security Risk and Compliance Processes at AGC's 7th Annual West Coast Emerging Growth Conference MetricStream, Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that its CEO, Shellye Archambeau, has been invited to speak at the 7th Annual Information Security and West Coast Emerging Growth Conference. Organized by America's Growth Capital (AGC), the conference will
A Fortune 500 Leader in Financial Planning Services and Consumer Lending Selects …
MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that one of the largest financial planning and advisory services companies in North America has chosen MetricStream GRC Platform to manage its risk, compliance and audit requirements. MetricStream GRC solutions will enable the client to streamline the management of Operational Risk, IT Policy and Risk, audit management, and compliance with regulations such as Sarbanes-Oxley (SOX).
MetricStream to Host a Webinar on Succeeding at Governance, Risk and Compliance
MetricStream, Inc., the market leader in Enterprise Governance, Risk and Compliance (GRC) solutions, announced today that Michael Rasmussen – Risk and Compliance Advisor, Corporate Integrity, will join Gaurav Kapoor - CFO and General Manager, MetricStream, in a webinar on ‘Succeeding at Governance, Risk and Compliance (GRC). About the webinar With Governance, Risk and Compliance Management becoming a core element of business strategy, siloed risk, compliance and audit approaches are giving way to
More Releases for MetricStream
Compliance Software Market Is Thriving Worldwide | MetricStream, CA Technologies …
HTF MI released a new market study on Global Compliance Software Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates
LiveOps Selects MetricStream for Financial Controls Management
MetricStream, Inc., a market leader in the enterprise-wide Governance, Risk and Compliance (GRC) solutions today announced that LiveOps, Inc. has selected MetricStream GRC Platform for financial controls process management and automation. LiveOps is a rapidly growing Silicon Valley technology company offering two innovative solutions for enterprises: Contact Center in the Cloud, a SaaS technology platform for managing contact centers, and Workforce in the Cloud, on-demand workforces for outsourcing call center
MetricStream Enters IBM Solutions Partner Program
MetricStream, Inc., the market leader in Global Governance, Risk, Compliance (GRC) and Quality solutions, today announced that it has entered the IBM Solutions Partner Program and certified its solutions on IBM WebSphere Application Server. The business relationship will enable customer to utilize IBM WebSphere as the foundation to deploy MetricStream solutions to achieve scalability and fault tolerance in global implementations of GRC and Quality Management systems. Some of the world’s
MetricStream to Exhibit at 2008 ERM Symposium
MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced its participation in the 2008 ERM Symposium, The Sixth Annual Premier Global Event on Enterprise Risk Management (ERM). PRMIA is a fast-growing, collaborative network of risk professionals from around the globe, defining and implementing the best practices of risk management. MetricStream will demonstrate its industry leading GRC solutions at the symposium being
MetricStream Cited as a "Leader" by Forrester Wave
MetricStream, Inc., a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that it has been cited as a ‘Leader' in the recent published report Forrester Wave™: Enterprise Governance, Risk and Compliance Platforms 2007. MetricStream was among the select companies that Forrester invited to participate in its report The Forrester Wave™: Enterprise Governance, Risk and Compliance Platforms, Q4 2007. Forrester developed a comprehensive set of approximately
Cummins Selects MetricStream for Enterprise Wide Quality and Compliance
MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions today announced that Cummins (NYSE: CMI) has selected MetricStream as its enterprise wide platform for managing a wide range of operational quality and compliance initiatives. Cummins is a leading manufacturer of diesel and natural gas engines, electric power generation systems, and engine-related component products serving customers in over 160 countries and territories. With $11.4 billion