MetricStream to Address Internal Auditors at the IIA Philadelphia Chapter 2010 Fall Conference

Nov. 26, 2010 - PRLog -- MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation at the Institute of Internal Auditors (IIA) 2010 Fall Conference organized by the Philadelphia Chapter. The conference will be held on November 22, 2010 in Philadelphia, and will bring together industry leaders and auditors from across companies to discuss the trends and challenges of internal audit. MetricStream Director of Sales, Ed Park will be presenting at the event on ‘Upgrading Internal Audit Infrastructure.’

Participants at the conference will get the opportunity to learn best practices, interact with industry leaders and network with peers. A number of sessions have been organized covering key issues such as fraud, information security, risk management and ethics – all of which are targeted at helping internal auditors manage their responsibilities proactively and efficiently, stay ahead of business demands and drive value for their organizations.

Since the financial crisis, the role of internal auditors has shifted from a traditional, control-based approach to a more progressive risk and compliance-centered approach. Auditors are being called upon by investors and boards of management to deliver strategic business assurance and value. In the process, they have to deal with several new challenges including tougher regulatory pressures, new risk scenarios and increasing demands for transparency.

MetricStream presentation will focus on how these challenges can be overcome by upgrading internal audit infrastructure. Ed Park, will discuss how technology can strengthen the audit function, improve collaboration, enhance visibility and deliver hard metrics for strategic decision-making.

Used by leading organizations across the world, MetricStream technology helps internal auditors manage risks and compliance with ease and confidence. Its Audit Management Solution comes equipped with powerful capabilities to manage the entire audit lifecycle – from audit scheduling and planning, to data collection, to the development of audit reports, to the implementation of audit recommendations.

Built on single platform, the solution streamlines and integrates audit management across the enterprise. As a result, restrictive silos are eliminated and collaboration is improved. Centralized dashboards enhance visibility and transparency and provide auditors with a single point of reference to manage the entire audit universe. The information gleaned from these dashboards can be used to aid strategic decision making and drive value.

Additional features include issue-based remediation workflows, embedded best practices and sophisticated risk assessment methodologies. A centralized document repository ensures easy storage and access to all audit related data, while a training module enables effective management of the complete training process.

The solution is easy-to-use, scalable and flexible. Using it, internal auditors can successfully shift from legacy systems and manual processes to a web-based system with automated, efficient workflows.

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, NASDAQ, UBS, SanDisk, Subway, Fairchild Semiconductor, SunTrust Banks and Cummins 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.