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Glossary>Risk Management>Metricstream Risk Management

Metricstream Risk Management

Metricstream Risk Management is a software solution that provides tools and frameworks to identify, assess, mitigate, and monitor risks across an organization. It integrates risk management processes with compliance and governance activities to enhance decision-making, improve risk visibility, and ensure regulatory compliance.

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About Metricstream Risk Management

Metricstream Risk Management was developed as part of Metricstream Inc., a company founded in 1999. The solution was created to address the growing need for comprehensive risk management tools that could help organizations manage and mitigate risks effectively while ensuring compliance with regulatory requirements. Over time, it evolved to integrate advanced analytics and reporting capabilities, enhancing its ability to provide a holistic view of enterprise risk.

Strengths of Metricstream Risk Management included its comprehensive risk management framework, robust integration with compliance and governance processes, and advanced analytics capabilities. Weaknesses involved a complex implementation process and higher costs compared to some competitors. Competitors included RSA Archer, SAP GRC, and IBM OpenPages.

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How to hire a Metricstream Risk Management expert

A Metricstream Risk Management expert must have skills in GRC (Governance, Risk, and Compliance) software configuration, proficiency in SQL for database management, experience with JavaScript for custom scripting, and familiarity with API integration. Knowledge of risk assessment methodologies and data analytics tools is also essential.

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