Next-generation internal audit solution to enable improved risk-based auditing and enhanced visibility at the management and board level
Palo Alto, CA -- (SBWIRE) -- 11/13/2009 -- MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that it has entered into an agreement with Lear Corporation (OTC:LEARQ), a leading global supplier of automotive seating systems, electrical distribution systems and electronics, to provide MetricStream’s GRC Platform and solutions for risk based Internal Audits management.
Lear Corporation is a leading global supplier of automotive seating systems, electrical distribution systems and electronics. In 2008, Lear ranked #157 among the Fortune 500. Lear's world-class products are designed, engineered and manufactured by a diverse team of more than 75,000 employees at 210 facilities in 36 countries.
The comprehensive capabilities of MetricStream’s risk and internal audit management solution integrate and streamline the internal audit and compliance processes for global operations. Through more effective risk-based audit planning and efficient execution of audit plans and work papers at the corporate level as well as at worldwide locations auditors will be able to derive greater strategic value.
“We are pleased to have Lear as a customer and we look forward to implementing our risk and internal audit solution for them,” said Gaurav Kapoor, CFO and General Manager at MetricStream. “As this illustrates, our GRC solution suite helps corporations looking to centralize functions like audits, governance, policies, risk and compliance, utilize a common database for internal controls, standardize their auditing and control assessment workflows, gain real-time visibility into potential risks and improve management reporting on governance issues.”
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 http://www.metricstream.com.