KUALA LUMPUR, March 31 (Bernama) -- MetricStream, the global market leader in integrated risk management (IRM) and governance, risk, and compliance (GRC), has announced its latest product release, Danube, designed to enable customers to successfully navigate an increasingly connected GRC world.
The Danube release includes advanced risk quantification, automated compliance across cloud environments, and support for the Task Force on Climate-Related Financial Disclosures (TCFD), providing a framework to assist customers with climate-related financial risk disclosures.
“The common theme for today’s announcement is centred on providing advanced measurement tools, whether evaluating risk across the enterprise, developing a cyber strategy, or establishing ESG metrics,” said Chief Technology Officer, MetricStream, Prasad Sabbineni.
“Gone are the days that heat maps drive risk decisions. Much like we measure financial risks, GRC professionals now have access to risk metrics that enable them to more accurately identify, manage, and report risks in a language that board members can understand and with the speed that is required to be proactive.”
Key innovations include enhanced risk quantification for enterprise and operational risk management enables customers to score, prioritise, manage, and report risk and loss exposure in monetary values.
In addition, continuous control monitoring for cloud environments allows organisations to follow best practices by actively and continuously monitoring critical cyber controls, identify risks, measure effectiveness, and automate compliance.
Customers can now leverage the TCFD standards as a framework to capture climate-related risks and generate standard financial impact reporting, according to a statement.
The Danube release represents more than two dozen new product innovations and includes self-service reporting, low code and no code tools for easy configuration, and advanced AI and ML capabilities to identify and rationalise duplicate controls.
Anonymous case and incident reporting for witnesses and observers, enhanced data on third-party financial reporting, and sustainable sourcing practices are also included.
Customers can additionally benefit from the inclusion of more than 900 cybersecurity controls and best practices pre-built into the product, as well as evidence management for audits.
More details at www.metricstream.com.
-- BERNAMA
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