MetricStream, a global market leader in governance, risk, and compliance (GRC), announced today that it has been named a Leader in The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q4 2023.
Using their 25-criterion evaluation of governance, risk and compliance platform providers, Forrester identified the top 15 GRC providers and researched, analyzed and scored them. MetricStream was classified as a Leader, receiving the highest possible scores in the GRC Vision, IT/Cyber Risk Management capabilities, Product roadmap, AI/ML and partner ecosystem criteria.
The report states that “MetricStream’s vision of empowering organizations to thrive on risk is backed by its commitment to deliver AI-infused solutions. The company touts a comprehensive roadmap focused on risk and control optimization tools, generative AI for GRC content creation, automated risk assessment, and improved cloud-native functionality. Its differentiated vision and roadmap are backed by a strong partner ecosystem, including industry partnerships to reinforce its product innovations.”
“We believe that being named a Leader in the Forrester Wave™ evaluation is a testament to our vision that GRC is a strategic advantage for customers and a catalyst for responsible growth,” said Gaurav Kapoor, co-Founder and co-CEO, MetricStream. “As the world becomes even more complex and interconnected for risk, compliance, cyber and audit leaders, MetricStream has set the right path forward for our customers to thrive in this intense climate with Connected GRC, aided by Cloud, Continuous and Cognitive technologies.”
MetricStream’s strengths include its integrated data model and expansive risk management feature set. It is one of few vendors to provide native risk quantification and Monte Carlo analysis for enterprise and cyber risk. The vendor remains strong in IT risk management and use of AI/ML to boost productivity. It supports enhanced first-line engagement via its observations module for emerging risks and offers multiple cross-domain risk intelligence data sources.
MetricStream Connected GRC, built on the purpose-built low-code/no-code GRC cloud platform, cuts across organizational silos, enabling a holistic and collaborative approach to enterprise-wide governance, risk, and compliance (GRC) activities and processes. With support for mobility, real-time reporting, advanced risk analytics, AI, and regulatory notifications, the solution is comprehensively designed to meet the GRC needs of today’s global enterprises and their extended ecosystem.
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