Federal Home Loan Bank of Atlanta Selects MetricStream's Risk Management and Compliance Solutions
Solutions will optimize business performance and risk management by streamlining, integrating and automating GRC.
- (1888PressRelease) September 09, 2010 - MetricStream Inc., a market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has chosen MetricStream's solutions for Enterprise Risk Management (ERM), IT Compliance Management and Sarbanes-Oxley (SOX) Compliance Management. It is anticipated that MetricStream's solutions will enable FHLBank Atlanta to proactively manage risks, gain better visibility into its overall GRC program status, track and remedy compliance matters, and improve the efficiency of reporting and documentation based on an integrated architecture. Over the years, MetricStream has successfully deployed a range of risk and compliance solutions for leading banks and financial institutions across the world.
"We are extremely happy to partner with FHLBank Atlanta, and look forward to implementing our solutions at the Bank," said Gaurav Kapoor, CFO and General Manager at MetricStream.
MetricStream's solution enables organizations such as FHLBank Atlanta to integrate IT-GRC, SOX compliance and ERM, using a centralized platform. The solution provides advanced capabilities for risk and control assessments, issue tracking and remediation, control testing, risk and compliance reporting, document management, and resource management.
Powerful tools for risk analysis and monitoring provide increased transparency into risks, enhancing decision-making and risk-mitigation strategies. Role-based executive dashboards provide real-time visibility into the enterprise-wide GRC processes and help ensure that risk and compliance programs are being managed effectively. In addition, the solution provides workflow-based automation for GRC operations, enabling organizations to save valuable resources, while simplifying the auditing and reporting processes.
About the Federal Home Loan Bank of Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members - its shareholders and customers - are commercial banks, credit unions, savings institutions, community development financial institutions (CDFIs) and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia.
About MetricStream
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, Philips, NASDAQ, UBS, SanDisk, BP, 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 www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.
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