Independent Research Firm Cites MetricStream as a Leader in Governance, Risk, and Compliance Platforms

PALO ALTO, Calif., Feb. 20, 2018 /PRNewswire/ -- MetricStream, the market leader in Governance, Risk, and Compliance (GRC) Apps, today announced that the company has been recognized as a Leader by Forrester Research Inc. in "The Forrester Wave: Governance, Risk, And Compliance Platforms, Q1 2018" report authored by Renee Murphy, Claire O'Malley, Christopher McClean, Trevor Lyness, and Peggy Dostie.

According to the report, "Risk and compliance management is more important than ever, thanks to the increasingly intangible nature of business value and the growing risk of violating customer trust." In its vendor profile, the report states, "MetricStream is showing clear market innovation with its user interface design. The user interface for the latest release of the MetricStream platform, M7, gives a unique experience to light-touch users. The new interface reflects MetricStream's customer-centric pivot over the past 18 months, which also includes maturing its customer support program and delivering a version of the platform to the midmarket. MetricStream's platform supports a very large number of use cases across diverse industries, including energy, healthcare, insurance, food and beverage, and automotive."

MetricStream's M7 platform and apps empower and equip leaders and organizations with the tools they need to preserve corporate integrity, protect brands and reputations, and drive exceptional business performance. With M7, MetricStream is the first to bring to market innovative 4^th generation GRC technology that is simple, pervasive, and delivered in the cloud. M7 focuses on enabling high performers through an engaging user experience, high degree of configurability, enhanced mobility and layering, sophisticated reporting and analytics, and a future-ready architecture.

According to the report, "We've seen mistakes and risk events across every industry; many of these could have been identified and managed through more formal assessment processes, better compliance training and accountability, and better use of risk data at strategic levels of the organization." In the report, MetricStream's M7 platform and apps received the highest score of all vendors in the current offering category, which includes the criteria of content management, document management, risk analytics, workflow management, audit management, dashboards and reporting, regulatory change management, integration capabilities, end user experience, GRC breadth and depth, and more.

MetricStream also received the highest score possible in customer maturity, which we believe reflects the company's focus on building deep customer relationships through its GRC journey methodology and global GRC community which spans GRC Summits and special interest groups designed to encourage peer-to-peer best practice sharing and learning. 

"We are proud to be cited as a leader by Forrester Research," said Mikael Hagstroem, CEO of MetricStream. He continued, "First and foremost, I would like to recognize our clients and partners around the world whose spirit of collaboration and co-innovation have enabled us to build the leading GRC platform. For example, with our GRC platform, one of our healthcare clients has been able to save hundreds of lives as the result of moving their risk and control intelligence to the front lines. We believe this report is strong validation of MetricStream's position as the dominant leader in the GRC market spanning company strategy, completeness of offering, and global market presence and reflects the important work we are doing with our clients. Going forward, we will continue our focus on delivering even greater customer value and impact through the power of GRC."

To access the report, please click here.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps and solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com)

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SOURCE MetricStream