PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: MetricStream, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

MetricStream Expands its Solution Offering to SEBIís Clause 49 - New solution follows strong demand for an integrated platform for addressing multiple regulations in Asia
MetricStream Expands its Solution Offering to SEBIís Clause 49

 

NewswireToday - /newswire/ - Redwood Shores, CA, United States, 2007/12/19 - New solution follows strong demand for an integrated platform for addressing multiple regulations in Asia.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced its extended offering to support compliance with the Clause 49 requirement laid down by the Securities and Exchange Board of India (SEBI), adding it to its already strong and comprehensive solution for SOX compliance. MetricStream enables its customers to adopt a single platform for managing the multiple GRC initiatives, to significantly improve the effectiveness of their compliance programs while lowering the associated costs.

SEBI's objective of adding Clause 49 in the Listing Agreement between a company and the stock exchange it is listed on is to effectuate good corporate governance practices in Indian companies. The Clause aims to protect the interests of the investors through improved quality and quantity of disclosures. With the increased regulatory oversight and investors' expectations for good governance, it has become imperative for companies to incorporate best practices in their business conduct and compliance programs.

"By implementing compliance programs for Clause 49, Indian companies are demonstrating their sincerity in following good governance and business ethics and this will surely raise their ability to compete in the global market," said Ghanshyam Das, MD APAC of NASDAQ Stock Market. NASDAQ and MetricStream have partnered to offer MetricStream compliance products and solutions to NASDAQ-listed companies globally. MetricStream's products and solutions enables companies to better manage their governance, risk and compliance processes and potentially reduce their overall costs related to compliance efforts.

Organizations that are relying on paper and spreadsheet-based processes to implement their control framework and document and test internal controls to comply with Clause 49 are realizing that such an approach is excessively resource intensive and increases the cost of compliance. MetricStream's solution enables companies to achieve and sustain Clause 49 compliance at significantly lower costs and reduces the risk of non-compliance by seamlessly integrating the design and testing of internal controls, enabling the automation of testing of controls, tracking and managing activities to correct deficiencies and weaknesses, streamlining change control to ensure processes and their documentation always stays in sync, and providing complete visibility and control over the compliance process through dashboards and risk heat maps.

In addition, MetricStream provides a library containing over 1500 tests for automating the testing of application level controls within standard ERP systems in key financial processes. The solution also supports procedures for surveys and certifications for affirming the strength of the internal controls and adherence to policies. This information rolls up to the executive management who can review and certify overall risk and control assessment for the enterprise.

The Clause 49 solution is built on MetricStream's Enterprise Compliance Platform, a robust infrastructure for web-based applications that drive enterprise process management for governance, risk, compliance and quality. It also leverages best practices and domain knowledge from ComplianceOnline.com, MetricStream's training and content portal dedicated to regulatory information and issues.

Through its broad suite of applications, MetricStream provides a common framework and an integrated approach to meet cross-industry mandates and regulations such as SOX, OSHA, EH&S, FCPA, and ISO standard as well as the industry focused regulatory guidelines from FDA, FERC, FAA, HACCP, OMB A-123, AML, Basel II and Data Retention laws.

"Our success with extending our market leading solution suite to include Clause 49 compliance demonstrates the value of our solutions for Indian companies looking to adhere to regulatory compliance" said Shankar Bhaskaran, Head Ė Asia Pacific of MetricStream. "By enabling our customers to adopt a single platform for managing the multiple GRC initiatives, we significantly improve the effectiveness of their compliance programs while lowering the associated costs."

About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Fairchild Semiconductor, Hitachi Computer Products (America), Pfizer, Subway and TaylorMade-Adidas Golf in diverse industries such as Automotive, Food, Pharmaceuticals, Manufacturing and Electronics to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the ComplianceOnline.com portal. MetricStream is headquartered in Redwood Shores, California.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: MetricStream, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


MetricStream Expands its Solution Offering to SEBIís Clause 49

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Press Office - MetricStream.com 
650-620-2932 pr[.]metricstream.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any MetricStream, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From MetricStream, Inc. / Company Profile


Read Software Most Recent Related Newswires:

RETN Deploys Infinera Cloud Xpress for Regional Network in Western Europe
Ukraine International Airlines Completes Implementation of PROS Revenue Management Solutions as Strategic Enablers for Global Growth Plans
IBM Security Plans to Acquire Agile 3 Solutions to Help the C-Suite Manage Data Risk
Western Cape Department of Transport & Public Works Improves Effectiveness of Critical Service Delivery with OpenText
Herc Rentals Selects Infor CloudSuite for Equipment Rental, HCM Systems
Oracle Buys Apiary
Xactly Introduces Commission Expense Forecasting Solution for Finance
LogiNext, a Jack Ma Funded Company Enters Indonesia's Booming Logistics Market
Noble Composer v11 Upgrades Agent Efficiency
RNSS Celebrates 20 Years As A SYSPRO Partner
NAKIVO Announces Support for vSphere 6.5 and Adds Skip Swap File in the Upcoming v7
SKECHERS Uses Oracle to Localize Assortments As They Grow Their Retail Presence
Metatron, Inc. Announces Strategic Move into the Areas of Mobile Encryption, and Virtual Reality for its Mobile Development Business
Belk, Hot Topic and Torrid Choose Oracle Retail Stores Solutions to Unify Brand Experiences
Infor Continues Significant Growth in Retail

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com





 
  ©2017 Newswire Today ó Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)