PALO ALTO, Calif. July 26, 2011 2011 Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms
According to the report, "Instead of acquiring separate solutions for finance, IT and other business units, many enterprises are choosing to use a single EGRC platform and, when necessary, integrating the many point and functional solutions to satisfy specific GRC needs. Reporting and managing through a single platform give executives, auditors and managers a holistic view of the enterprise’s risk and compliance postures, as well as views sorted by requirement, entity and geography."
MetricStream has made significant investments and has years of experience in providing GRC solutions to customers in sectors such as banking & financial services, energy & utilities, insurance, healthcare, life sciences, food & beverage, retail and manufacturing. The company’s highly specialized solutions ship with regulation and industry specific information schemas, workflows, content, reporting templates and functionalities that address best practices and nuances in specific operating environments.
These capabilities, along with MetricStream’s domain expertise, ensure that the company’s GRC solution implementations are consistently successful and able to address vital business issues such as Operational Risk, Loss Tracking and Regulatory Relationship Management for banks, Corporate Integrity Agreements (CIA) programs for life sciences companies, NAIC Model Audit Rule or OIG Medicaid and Medicare compliance for healthcare providers, and NERC reliability assessments and FERC compliance for utilities.
The Gartner Magic Quadrant for Enterprise GRC Platforms presents a global view of Gartner’s assessment of the main software vendors that should be considered by organizations seeking a technology solution to support the oversight and operation of enterprise-wide risk management and compliance programs, with the overall objective being improvements in corporate governance and the ability to achieve business objectives. MetricStream was one of 18 companies that were analyzed in the report.
Tom Scholtz John Hagerty July 13, 2011
About the Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.