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Follow on Google News | BAE Systems, Inc. Selects MetricStream GRC Platform for Risk-Based Internal AuditMetricStream to support continuing assessment of business risks and controls across the organization
By: MetricStream BAE Systems, Inc., the U.S. subsidiary of BAE Systems plc, is a premier global defense and security company that focuses on providing a wide array of solutions to the changing needs of the U.S. government including the Department of Defense and civil agencies. BAE Systems selected MetricStream after an exhaustive evaluation of leading Governance, Risk, Compliance and Audit management solution providers, with an emphasis on risk management, compliance with government regulations and governance in addition to end-to-end functionality for managing the complete audit lifecycle. The internal audit function at BAE Systems supports the company's board of directors in assessing the effectiveness of internal controls. By implementing MetricStream, BAE Systems will adopt a fully-integrated audit management system with documentation and reporting capabilities tailored to suit the precise needs of BAE Systems internal audit function. MetricStream GRC solution implementation at BAE Systems includes the concepts of strategic planning, operational management and internal controls into auditing and assessments by mapping operational risks to industry-standard frameworks such as COSO and COBIT, tracking Key Performance Indicators (KPIs), and streamlining operational risk management efforts with a centralized risk register and a risk mitigation strategy for each site, business area, sector and corporate level. "BAE Systems' mission is delivering sustainable relationships that are built on customer focus, responsible behavior, financial performance and excellent execution of programs," said Michelle Lamberton, vice president of Internal Audit for BAE Systems, Inc. "Leveraging the MetricStream technology will improve efficiencies and performance, by enabling enhanced collaboration, streamlining information gathering and creating clear visibility for our internal audit program." "We are pleased that BAE Systems has selected MetricStream for this critical initiative," 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. End
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