Case Study: A Fortune 500 company achieves enterprise-wide risk visibility and lower compliance costs with MetricStream

Enterprise Risk Assessment & Management Tools Aligning Risk Management to Corporate Goals

A US-based Fortune 500 company operating in a highly regulated, global market faced fragmented, manual enterprise risk management: inconsistent accountabilities, limited reporting and analytics, poor cross-site collaboration, and time-consuming risk reporting. Executive leadership and the board wanted a complete, consolidated view of the company’s risk profile and a way to close coverage gaps and standardize risk and control activities.

After evaluating vendors, the company selected MetricStream’s enterprise compliance platform and deployed Risk Analysis/Risk Self-Assessment, Reporting, Loss Management and KRI modules with dashboards, alerts and configurable analytics. The solution created a centralized inventory of risks, improved visibility and prioritization, automated reporting and notifications, strengthened internal controls, lowered compliance costs, and integrated previously fragmented risk efforts into a consistent, efficient program.