News & Views
New innovations for MetricStream
The latest innovations on the M7 Integrated Risk platform from MetricStream (www.metricstream.com) will enable customers to adopt simple, agile and intelligent approaches to proactively address the changing workforce, risk, regulatory, and cybersecurity landscape.
As the world adapts to the New Normal with the changing workforce, most organizations have accelerated their digital transformation of GRC functions. The M7 Integrated Risk platform unites data, removes information silos, accelerates the efficiency of risk, compliance, and cyber risk programs, and serves as a single source of truth for real-time, risk-aware decision making.
“Risk is everyone’s business. Our customers have had to pivot and quickly adapt to ensure agility, resilience and performance,” says Andreas Diggelmann, Chief Technology Officer at MetricStream. “With our modern, integrated risk platform, all stakeholders including the frontline are empowered to participate in a risk-aware decision-making culture, to safeguard integrity and brand reputation, thereby accelerating sustainable business performance.”
New M7 Integrated Risk Platform innovations enhance organization’s agility, resilience and performance that engages frontline users to flag observations on potential risks, anomalies and deviations, empowering all stakeholders to make better, risk-aware decisions. While Case and Incident Management promotes a culture of compliance by providing a safe and secure way to report and investigate cases and incidents; and GRC Advisory enabling frontline to seek advice on risks and regulations, reducing time spent by compliance and risk functions on advisory services, ensuring that the business has understood and implemented the advice.
Other innovation include AI integration that enhances GRC functions by enabling predictive intelligence with AI, Machine Learning; Issue Analytics that automatically categorises issues, identifies similar issues, patterns and trends to prioritise actions; and Smart Policy Search enabling frontline staff to quickly and easily discover the relevant policy information based on their “intent.”
The platform provides insights to empower the Board and C-level executives to quantify cyber risks in dollar value, prioritise and allocate investments, and meet regulatory requirements that need financial impact disclosures.
As the volume and velocity of interconnected risks continues, MetricStream’s latest innovations are set to help address the challenges across the extended enterprise by enabling a modern integrated risk approach, powered by intelligence and frontline engagement.