MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced a new release of its Document Management solution geared towards streamlining policy and procedure management within an organization.
Version 5.5 of the Document Management solution provides a robust framework for policy and procedure management including policy definition, policy documentation, change management, communication and awareness programs and training management. The release also includes powerful tools for monitoring and documenting policy acceptance and compliance. These elements are assuming significant importance as companies implement an integrated, enterprise-wide architecture for effective corporate governance, risk management, regulatory compliance and quality management.
This release also introduces a distributed server architecture to accelerate performance for large, globally dispersed organizations. Other key enhancements in this release include highly flexible routing of documents, improved document navigation and organization and seamless integration with external applications and processes. Built on the latest MetricStream Enterprise Compliance Platform (ECP) version 5.5, this release leverages several advanced capabilities of the ECP including Scalable Repositories, Integration framework, and newer versions of the underlying Technology Stack. These innovations deliver enhanced usability and flexibility to make it significantly easier to build, configure and deploy document management business processes and workflows.
Document management and control is central to effective functioning of an organization and involves managing a wide variety of documents including standard operating procedures (SOPs), process narratives, regulatory filings, quality records and compliance documentation. The MetricStream solution is in use at leading corporations worldwide as a centralized system for streamlining documentation processes to meet various mandates and regulations such as SOX, OSHA, EH&S, FCPA and ISO standards as well as industry specific regulatory guidelines from FDA, FERC, FAA, USDA, HACCP, AML, Basel II and Data Retention laws.
“Enterprise information requirements like regulatory compliance and corporate governance are becoming increasingly complex," said Vidya Phalke, Vice President of Engineering at MetricStream. "This release will enable companies to standardize enterprise-wide policy and procedure management on an integrated platform resulting in both IT savings and business benefits as information access, business processes and corporate policies span multiple GRC and Quality programs.”
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 Pfizer, Covidien, NASDAQ, SanDisk, BP, Entergy, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services 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 Palo Alto, California.