Maximizing Governance, Risk, and Compliance with MetricStream at Siemens Energy

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Maximizing Governance, Risk, and Compliance with MetricStream at Siemens Energy

Introduction to MetricStream

MetricStream is a leading provider of GRC (Governance, Risk, and Compliance) solutions, helping organizations like Siemens Energy effectively manage their risk and compliance processes. With a comprehensive suite of products, MetricStream offers ConnectedGRC, BusinessGRC, CyberGRC, and ESGRC solutions to address various aspects of risk and compliance management. By leveraging MetricStream's Enterprise Risk Management Software, Operational Risk Management Software, Cyber Risk Management Software, and Compliance Management Software, organizations can streamline their GRC processes, enhance operational resilience, and ensure regulatory compliance.

Siemens Energy's Success with MetricStream

Siemens Energy, a global leader in energy technology, has experienced significant success by implementing MetricStream's GRC solutions. Dorothea Liebl, Head of Risk and Internal Control Governance at Siemens Energy, has been instrumental in driving the company's GRC initiatives. By utilizing MetricStream's offerings such as Third-Party Risk Management Software, IT & Cyber Compliance Management Software, and Regulatory Change Management Software, Siemens Energy has been able to effectively manage risks, improve compliance posture, and drive operational excellence.

Award-Winning GRC Solution

In recognition of its outstanding GRC program, Siemens Energy was awarded the GRC Journey Award in 2023. This prestigious accolade highlights Siemens Energy's commitment to governance, risk management, and compliance excellence, with MetricStream playing a key role in enabling their success. The award underscores the value that MetricStream's Enterprise GRC Solution, Integrated Risk Management Solution, and Cybersecurity Risk Management Solution bring to organizations seeking to navigate complex regulatory environments, manage risks effectively, and achieve business objectives.

Future-Proofing Compliance with MetricStream

As regulatory requirements continue to evolve and cybersecurity threats become more sophisticated, organizations must future-proof their compliance and risk management practices. MetricStream's solutions, including Privacy Compliance Management Solution and Digital Operational Resilience Act (DORA) Solution, equip organizations like Siemens Energy with the tools needed to stay ahead of regulatory changes, protect data privacy, and ensure operational resilience in the face of cyber threats. By partnering with MetricStream, organizations can build a strong foundation for sustainable GRC practices.

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Ensuring Compliance and Support with MetricStream Customer Agreements

Understanding MetricStream Customer Agreements

MetricStream Customer Agreements are crucial documents that outline the relationship between MetricStream and its customers. These agreements encompass two main types: Cloud Subscription Agreements and Professional Services Agreements. The Cloud Subscription Agreement delineates key aspects such as the Service Level Agreement (SLA), Acceptable Use Policy, Standard Support and Maintenance Services, and details regarding MetricStream Product Releases & Product Support.

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MetricStream: Revolutionizing Enterprise GRC and Audit Solutions - Award-Winning Leader by Chartis RiskTech100

MetricStream's Success in the Industry

MetricStream, a global market leader in integrated risk management and governance, risk, and compliance solutions, has achieved remarkable success by being recognized in the 2025 Chartis RiskTech100® report. Among the esteemed leaders like Moody's, SAS, and Oracle, MetricStream ranked 12th, showcasing the company's exceptional performance and commitment to excellence in the industry. Additionally, MetricStream was singled out as the category winner in the Enterprise GRC and Audit sectors, underscoring its unparalleled expertise and innovative solutions.

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Driving Operational Resilience and Compliance in the Banking & Financial Services Industry with MetricStream Solutions

Introduction to MetricStream Solutions for Banking & Financial Services Industry

The banking and financial services industry is characterized by a complex regulatory landscape, evolving risks, and a growing need for operational resilience to mitigate cyber threats and ensure compliance. MetricStream offers comprehensive solutions tailored to address the unique governance, risk management, and compliance (GRC) challenges faced by organizations in this sector. These solutions enable firms to categorize risks based on Basel standards, streamline compliance management, strengthen cyber risk posture, and optimize third-party risk management.

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Revolutionizing Governance, Risk, and Compliance with MetricStream ConnectedGRC Solution

Empower Your Organization with AI-Powered GRC Solutions

MetricStream offers AI-powered Governance, Risk, and Compliance (GRC) solutions that enable organizations to connect Risk, Compliance, Audit, and Cyber functions for enhanced decision-making. By leveraging AI technology, MetricStream's solutions provide real-time aggregated risk intelligence and its impact on business objectives. This forward-looking approach helps in reducing losses and risk events by providing a comprehensive view of all risks.

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Streamlining Regulatory Engagement Management with MetricStream

Automating Regulatory Engagement Processes

MetricStream's Regulatory Engagement Management software, built on the MetricStream Platform, offers a comprehensive solution for automating and streamlining regulatory activities. This software simplifies the process of managing engagements such as examinations, meetings, and information requests. By centralizing regulatory engagement data, stakeholders can collaborate efficiently. Clearly defined workflows minimize inconsistencies and redundancies, while powerful dashboards provide real-time insights into engagements, findings, and trends. This empowers stakeholders to make informed decisions and enhance credibility with regulators.

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