Posted: Thu Sep 11, 2008 2:54 am Post subject: Power Systems Company Selects MetricStream for SOX Complianc
MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that a leading supplier of modular power components and complete power systems has selected the MetricStream solution for sustainable and cost-effective compliance including the Sarbanes-Oxley Act (SOX).
The company offers power systems and modular power conversion components that are used in several high tech, industrial manufacturing and government markets. These systems and components are delivered with very short development cycles that make them a preferred supplier to manufacturers worldwide.
The MetricStream solution will enable the company to document their processes and controls in a central repository, test the effectiveness of internal controls and use that information to drive appropriate disclosure and remediation processes to achieve compliance with SOX. By providing a systematic mechanism for executing and tracking the SOX program, MetricStream will enable the customer to gain real-time visibility into their key compliance processes and reduce their risk of noncompliance. MetricStream will also offer specialized compliance training, alerts and content through ComplianceOnline.com, its leading portal and online community for governance, risk, compliance and quality.
“Companies are moving from running compliance programs in silos to establishing an enterprise-wide initiative for addressing all their compliance mandates,” said Gaurav Kapoor, CFO and General Manager of MetricStream. “As companies begin to realize the value of a federated approach to Governance, Risk and Compliance, it becomes important to create a technology framework that would integrate disparate compliance initiatives and act as a catalyst in broadening and scaling the compliance adoption within the company.”
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, SanDisk, BP, Entergy, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf 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 ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com
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