Highlights MetricStream's significant customer adoption in Australia, as well the increasing adoption of MetricStream solutions by government administrations
SYDNEY, Sept. 16, 2014 /PRNewswire/ — Campaspe Shire Council located in Victoria, Australia, has selected MetricStream to enable the execution of their risk management strategy. The Council will use MetricStream Enterprise Risk Management Solution to streamline, automate, and standardize their risk management processes. In doing so, the solution will help establish a pervasive risk management culture across all levels of the organization – extending from the Council and management team, to employees, contractors, committees, and volunteers.
The solution will enable and support the entire process of risk assessments, risk treatment, risk reporting, decision-making, and planning processes. It will also be used to manage policies, investigate and remediate risk related issues, and monitor compliance with risk management standards and guidelines, particularly AS/NZS ISO 9001 and AS/NZS ISO 31000:2009. In addition, the solution will help manage all health and safety incidents through a comprehensive root cause analysis, risk rating, auditing of outcomes, and corrective action.
Campaspe Shire Council manages the planning, infrastructure, economic development, health, security, environmental, and cultural needs of their Shire, with a population of over 36,000. The Council has outlined a comprehensive "Risk Management Strategy – 2012 – 2016" which lays out the key steps to manage uncertainty and change in their activities, and to improve overall risk management systems and processes.
"We chose MetricStream to provide an out of the box unified solution for Council to manage its risks, incidents, and policies. It is envisioned that MetricStream will be able to support us as Council's risk and compliance requirements develop over time," says Allan Cochrane, Resources General Manager at Campaspe Shire Council.
MetricStream's Enterprise Risk Management Solution will integrate all risk management processes and data, thereby improving risk transparency across the organization. The solution will also establish systematic workflows for risk management, policy management, compliance, issue management, and incident management. A series of powerful reports and dashboards will deliver dynamic and real-time insights into the top risks, issues, and incidents.
The strength of the MetricStream solution lies in its federated approach – different divisions within the Council can independently use the solution to manage their risk, incident, and policy workflows; and simultaneously, the solution can aggregate and roll up all of this data to the top, where the management team can analyze the same to make informed decisions.
"Campaspe Shire Council is truly visionary in their approach to risk management, and we are delighted to enable and support them in this endeavor," said Shankar Bhaskaran, Vice President & General Manager of International Business Operations at MetricStream. "GRC is becoming more pervasive – it is extending beyond corporate businesses, and into to city councils, government administrations, and public utilities. These organizations are realizing that in order to provide better services to their communities, and to protect the health and safety of their citizens, they need to better manage their risks, compliance, and governance obligations."
Mr. Bhaskaran continued, "After solidifying our presence in North America, Europe, the Middle East, and Asia, we look forward to expanding our presence in Australia, and leveraging our extensive global experience to help organizations in this region as they seek to strengthen their Governance, Risk, and Compliance programs."
About MetricStream
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream's customers include Procter & Gamble, UBS, Societe Generale, Pfizer, Philips, Cummins, Kellogg's, Mondelez International, SanDisk, NetApp, and United Technologies Corporation (UTC). MetricStream also owns and operates www.ComplianceOnline.com portal – the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA with Asia-Pacific offices in Bangalore and Sydney (www.metricstream.com).
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