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MetricStream |
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Established:2001
Headcount:250
Headoffice: Bangalore
Website: metricstream.com
At the wake of scandals like Enron, accidents and calamities across various industries the law has tightened its grip and compliance has become imperative. Today all public listed companies in the U.S. have to adhere to the compliance regulations and regularly validate the certifications. Because of the complexity of the compliance process many companies are turning to specialized software to help manage their compliance activities. It is on the technology of making governance, risk and compliance (GRC) procedures and process an easier and cost effective task that the engineers at MetricStream concentrate.
MetricStream's compliance management solutions are designed to support and manage overall compliance of the industry with multiple norms and regulations for various industries like the financial sector, healthcare, food and beverage, energy, medical, pharmaceutical and manufacturing. Though a relatively young company, started in Silicon Valley, U.S. in 2001 MetricStream has lined up a whole gamut of products and solutions across different verticals to unify the management of governance, risk, compliance and quality management across an entire organization.
MetricStream, has been successful in lining up customers such as, pharmaceutical giant Pfizer, major food and beverage company Coke and other entities like Nektar Theraupatics, Wolverline Worldwide and Fairchild Semiconductors. The engineers of Metricstream successfully came up with product-solutions which enabled these large and multinational companies in diverse industries to make the shift from isolated compliance initiatives and departmental silos of risk-related information to integrated enterprise-wide strategy for governance, risk, compliance and quality management. Metricstream also has a partnership with NASDAQ to offer its GRC solutions to its listed members.
"There are different regulations in different countries," explains Shankar Bhaskaran, Director, Global Marketing & Head of Asia Pacific. “To manage the changing dynamics of regulations in multiple geographies is a tough task,” he says. For the CXO of such a huge organization to understand the details of the risk level and compliance measures taken, becomes extremely difficult. MetricStream walked a novel route to build a single application platform to help companies with multiple regulations, corporate policies, and quality standards. . It was a novel approach as it wiped away the practice of deploying a separate point solution for every regulatory initiative as it was not a cost effective method. The silo approach was also incapable of helping the management understand in a clear and comprehensive way the risk involved.
"To keep ourselves updated on the latest regulations and norms is a constant challenge," says Bhaskaran. To overcome this hurdle, MetricStream has come up with a unique portal named Complianceonline.com where quality and compliance professionals, and regulators, come together to help each other in training, sharing information, and discuss implications of laws, policies, and mandates. This portal is integrated with various platforms and applications developed by MetricStream. This helps the customers access the various compliance related best practices content library and training programs from within the applications.
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Broadband Partner |
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