IT GRC Software Solution

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As the reliance of business operations on Information Technology (IT) increases, IT environments will continue to become more complex exposing organizations to a wide array of risks, threats and vulnerabilities that have a direct impact on the performance of the enterprise. Moreover, several government regulations that focus on privacy and security have emerged in recent years to safeguard consumer information and ensure corporate accountability. Compliance with these laws and mandates drives planning, designing and ongoing administration of IT systems. In addition to regulatory risk and compliance challenges, IT organization have to establish necessary governance framework to manage access and identity management threats and segregation of duties incidents. Lately, clean green initiatives in data centers have emerged as leading priority of IT governance and compliance process.

Datasheet IT GRC Solution Datasheet   Press Releases MetricStream Announces Integration with the UCF to Help Customers Harmonize and Rationalize IT Controls

Successful application of Governance, Risk and Compliance (GRC) principles to IT processes through an integrated and enterprise-wide IT GRC program is emerging as the top priority for CIOs and IT executives today. The IT GRC processes span wide ranging activities including managing IT governance and policy management, tracking IT assets, assessing and responding to IT risks, implementing IT controls, measuring and reporting compliance with the IT controls and regulatory requirements, recognizing and responding to incidents and threats, managing IT vendor risks and performance, business continuity planning and ongoing IT auditing. MetricStream offers an advanced and comprehensive IT GRC software solution suite for streamlining these processes and effectively managing IT risk and meeting IT regulatory requirements. MetricStream enables companies to implement a formal framework to ensure rigor around how to measure, mitigate, and monitors IT risks. It eases complying with many regulations governing data retention, privacy, confidential information, financial accountability and recovery from disasters reduce the cost of compliance.

Key Benefits of MetricStream IT GRC Solution

• Integrated solution for IT Governance, Policy Management, Risk Management, Compliance Management, Audit Management and Incident Management
• Create, measure, monitor and manage IT Governance program based on leading control frameworks such as Cobit, ISO 27002, NIST, ITIL
• Automated and workflow driven approach to managing, communicating and implementing IT policies and procedures across the enterpriseSystematic mechanism for managing IT surveys, certifications, self-assessments and audits in a consistent, reliable and predictable manner
• Integrated and flexible framework for documenting and analyzing IT risks, developing mitigation plans, defining controls and managing ongoing risk assessments
• Centralized repository of all IT compliance requirements with associated controls and automated information flows for audits, assessments and testing
• Versatile issue management system for capturing and tracking IT issues, incidents, deficiencies and threats as well as for implementing corrective action and remediation plans
• Embedded content based on standard frameworks and regulations such as COBIT, ISO 27002, SOX, FFIEC, PCI, GLBA, HIPAA, CMS, NERC
• Access to harmonized controls that cover various compliance requirements including SOX, FFIEC, PCI, FISMA, GLBA, HIPAA, CMS, NERC NIST and other federal and state mandates through integration with Unified Compliance Framework (UCF) database
• Technology connectors to support automated measurement and reporting of IT controls via integration with third- party products
• Clear visibility into key risk indicators, assessment results and compliance initiatives with integrated reporting of self-assessment, manual assessments and automated controls
• Establish identity governance framework to manage entitlement management and Segregation of Duties (SoD) threats and incidents
• Extend IT compliance program to support clean green data center energy management initiatives
• Integration of the IT GRC processes with Enterprise GRC programs with a common infrastructure to eliminate silos, standardize processes and improve collaboration