Companies Pursuing GRC for Business Performance, Going Beyond Mandatory Compliance Requirements New Aberdeen Report Measures Business Benefits of a Holistic Approach Towards Governance, Risk and
2008-04-02 06:30:00
Companies Pursuing GRC for Business Performance, Going Beyond Mandatory Compliance Requirements
New Aberdeen Report Measures Business Benefits of a Holistic Approach Towards Governance, Risk and
REDWOOD SHORES, CA–( EMWNews – April 2, 2008) – MetricStream, Inc., the market leader in
enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management
solutions, today announced availability of a new benchmark report “GRC
Strategic Agenda: The Value Proposition of Governance, Risk, and
Compliance” from the Aberdeen Group, a Harte-Hanks Company (
Among other findings, the report highlights that internal policies and
practices are emerging as the most important drivers for investment in GRC
initiatives, indicating a shift from focus on mandatory regulations such as
SOX, to value-driven GRC programs that deliver better business performance.
The report focuses on three of the most important aspects of GRC for an
organization’s bottom-line-success: compliance regulations, data security
and risk management. It provides guidance to identify and evaluate
resources and proactively prepare for mitigation of business risks.
Further, the assessment provides some compelling facts derived from its
research which will help companies make informed decisions.
“Our study establishes that implementing a holistic and efficient GRC
solution can directly address critical business issues and deliver a 16%
yearly increase in optimizing existing business processes,” explains
Stephen Walker Esq., Senior Associate in the Technology Markets Group of
Aberdeen. “The study provides substantial data and analysis on how
implementing GRC solutions make a positive impact on business.”
“Our success with GRC and Quality Management solution implementations in a
variety of industries has demonstrated that an integrated approach to GRC
delivers a rich set of benefits and improves business performance across
the organization,” said Gaurav Kapoor, CFO and General Manager of
MetricStream. “Effective use of a common framework and a well-architected
solution can be a source of significant competitive leverage and business
benefits. These include sound decision making that balances risk management
with pursuing growth opportunities and federated approach to managing
compliance with government regulations, internal policies and Quality
standards.”
The report has been underwritten in part by MetricStream and can be
accessed from MetricStream’s website at www.metricstream.com.
About MetricStream
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, American Airlines, NASDAQ, SanDisk, BP, Entergy, 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 ComplianceOnline.com portal. MetricStream
is headquartered in Redwood Shores, California and can be reached at
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market
intelligence that delivers demonstrable results. Having benchmarked more
than 30,000 companies in the past two years, Aberdeen is uniquely
positioned to educate users to action: driving market awareness, creating
demand, enabling sales, and delivering meaningful return-on-investment
analysis. As the trusted advisor to the global technology markets,
corporations turn to Aberdeen for insights that drive decisions. For
additional information, visit Aberdeen http://www.aberdeen.com or call
(617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or
go to http://www.harte-hanks.com.
Media contact: MetricStream, Inc. [email protected] |
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