Corporate Compliance Solution
Enable a Proactive Approach to Corporate Compliance
Measure Your Program Outcomes
Source: Based on MetricStream customer responses and GRC Journey Business Value Calculator
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reduction in the time taken to manage compliance activities
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reduction in the time taken to create and update policies
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faster response time to regulatory changes
Implement a Sustainable and Cost-Effective Corporate Compliance Program
The MetricStream Corporate Compliance solution enables an integrated and collaborative approach to compliance. The solution is built on the MetricStream Platform, which provides a strong foundation for automated workflows, collaboration, and real-time reporting. It provides organizations with the ability to break down restrictive silos and strengthen the integration of ethics and compliance activities. The solution serves as a single point of reference to manage multiple aspects of an ethics and compliance program, including policy management, a centralized library of compliance obligations, compliance assessments, surveys, third-party compliance, and case and incident management.
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How Our Corporate Compliance Software Solution Helps You
Effectively Create, Communicate, and Manage Corporate Policies
Enhance efficiency and consistency by automating and streamlining policy authoring, review, approvals, communication, employee attestation, and issue management activities. Map policies to regulations, risks, and controls to proactively identify potential gaps or blind spots. Leverage AI capabilities to curate thousands of enterprise-wide policies and documents to quickly find the required information.
Centralized Approach to Manage Corporate Compliance Requirements and Assessments
Integrate with authoritative compliance data sources to capture regulations, rules, and standards. Create a logical and structural compliance hierarchy using the centralized compliance library. Assess and score compliance performance across business units, processes, and geographies. Reduce the risk of non-compliance with real-time visibility and effective control testing.
Ensure Third-Party Compliance
Leverage rich, real-time global data feeds to effectively manage third parties’ regulatory compliance status, financial status, credit rating, cybersecurity risks, sustainability ratings, and more throughout their lifecycle. Streamline risk assessments and due diligence through compliance surveys to third and fourth parties.
Seamlessly Manage Ethics and Compliance Surveys
Use configurable ethics and compliance surveys to manage disclosures of conflicts of interest and other evaluations such as codes of conduct, anti-corruption, and anti-bribery compliance.
Adopt a Consistent Approach to Case and Incident Management
Ensure consistency in how each case or incident is captured, triaged, investigated, tracked, and closed. Enable multiple stakeholders’ collaboration on a case for its remediation. Leverage AI-powered workflows to track and manage cases and incidents.
How Our Corporate Compliance Software Solution Benefits You
- Build a positive ethics and compliance culture and increase policy adoption with a consistent approach to policy communication and adoption
- Stay on top of regulatory requirements and avoid regulatory fines by identifying risks, issues, and blind spots within the compliance framework and related controls
- Ensure third and fourth-party compliance with the help of compliance surveys and assessments
- Improve the efficiency of the compliance function and processes through automated control assessments and testing
Frequently Asked Questions
MetricStream's Corporate Compliance Management Solution serves as a single point of reference for managing multiple aspects of an ethics and compliance program, including policy management, a centralized library of compliance obligations, compliance assessments and surveys, third-party compliance, and case management. The solution supports automated workflows, real-time reporting, and a federated approach that enables teams across compliance, risk, audit, HR, and legal to coordinate enterprise-wide compliance activities.
According to customer responses and the GRC Journey Business Value Calculator, MetricStream's Corporate Compliance Management Solution has delivered a 55% reduction in the time taken to create and update policies, a 90% reduction in time taken to manage compliance activities, and a 50% improvement in case management cycle time.
MetricStream's Corporate Compliance Management Solution streamlines the full policy lifecycle, from creation and review through approval, communication, and attestation. A centralized policy portal maintains the latest versions of all policies and procedures. AI-powered smart search allows employees and third parties to find the policies relevant to them quickly. Policies are mapped to regulations, risks, and controls, and real-time dashboards track the policy management lifecycle—including adoption rates, pending attestations, and policy exceptions.
MetricStream's Corporate Compliance Management Solution includes compliance surveys and assessments specifically designed for anti-bribery and anti-corruption (ABAC) requirements, including FCPA and UK Bribery Act mandates. Survey workflows manage disclosures related to conflicts of interest, gifts and entertainment, and codes of conduct. Third-party due diligence assessments can be automated and enriched with external data from providers such as Dow Jones to validate vendor and partner information against sanctions lists and adverse media.
MetricStream's Corporate Compliance Management Solution integrates with employee hotlines and whistleblowing systems to document case details in a central system. Cases can be reported anonymously, and each case is captured, triaged, investigated, tracked, and resolved through consistent, structured procedures. Role-based access controls ensure that sensitive cases remain confidential. Each case is mapped to associated policies, regulations, and risks to identify whether a policy update or additional employee training is warranted.
MetricStream's Corporate Compliance Management Solution consolidates all third parties in a centralized framework with visibility into associated risks and compliance status. Third-party due diligence workflows include onboarding, information management, assessments, and reporting. Real-time global data feeds on third-party financial status, credit ratings, regulatory compliance, cybersecurity risks, and sustainability ratings enrich vendor profiles. Specific assessments around anti-bribery, anti-corruption, and codes of conduct can be automated and run at defined intervals.
MetricStream's Corporate Compliance Management Solution promotes a positive ethics and compliance culture through several mechanisms. A centralized, easily searchable policy portal increases policy adoption rates. Multiple case reporting channels—including anonymous options—encourage employees to report concerns without fear of retaliation. Regular compliance surveys and disclosures reinforce awareness of the organization's ethics standards. And real-time dashboards provide compliance leadership with visibility into adherence trends across the enterprise.
MetricStream's Corporate Compliance Management Solution provides enhanced visibility into compliance risks through role-based dashboards with drill-down and roll-up capabilities. Compliance officers can view the status of compliance assessments, survey completion rates, open issues, and control test results by business unit, geography, and regulation. Real-time alerts on regulatory updates ensure that compliance teams are aware of changes that may affect their obligations before they create exposure.
MetricStream's Corporate Compliance Management Solution enables organizations to design compliance assessments with defined scope and frequency, assign them to business unit owners, and document and certify the results. Non-compliance issues are captured through a structured process and routed for investigation and remediation. Compliance status can be measured and scored across business units, processes, and geographies, providing a risk-based view of where compliance exposure is highest.
MetricStream's Corporate Compliance Management Solution includes a centralized library of compliance obligations that integrates with authoritative compliance data sources to capture the regulations, rules, and standards that affect the organization. Data elements are mapped to the relevant business functions, locations, and legal entities, and the areas of highest compliance and ethical risk are identified for priority attention. Regulatory updates are reflected in the obligations library as standards evolve, keeping the compliance program current.
