Governance, risk and compliance (GRC) solution provider MetricStream Inc. has launched an enterprise-wide compliance platform that addresses multiple regulations across decentralized organizations through a common framework. "This release supports decentralized ownership of compliance activities on a federated basis," says Surya Josyula, MetricStream senior director of marketing.

The new release provides a configurable framework to document processes, risks and controls across multiple areas of compliance. This includes cross-industry mandates and regulations, such as Sarbanes-Oxley, as well as the industry focused regulatory guidelines, such as Basel II and also data retention laws. The documentation flows across diverse silos, providing multi-layered access to information that eliminates redundancy and duplication of activities, processes and recordkeeping, according to Josyula. Dashboards provide aggregated real-time data.

MetricStream has been refining the technology over the past year in cooperation with its partners, Nasdaq and Entergy Corp. Nasdaq, for one, is pleased with the results. "Their professional services organization worked very closely with us to configure the solution to map to our business process flows in a very short amount of time," says Kathy Steimer, Sarbanes-Oxley program manager at Nasdaq. "It speaks volumes about the configurability and richness of their solution."