MetricStream's Charles Goldenberg to Present on Enterprise Risk Management (ERM) at Electric Utility Consultants, Inc.

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Tue Jan 22, 2008 9:01am EST

  REDWOOD SHORES, CA, Jan 22 (MARKET WIRE) -- 
 MetricStream, the market leader in Enterprise-wide Governance, Risk,
Compliance (GRC) and Quality Solutions for global corporations, announced that
their Vice President of GRC Solutions, Charles Goldenberg, will be presenting
at the conference -- Enterprise-Wide Risk Management (ERM): A Practitioner's
Guide, organized by EUCI.  His presentation on "ERM - a Front-end Process to
ComplianceManagement Activities" will provide insights to using a risk based
approachto efficient and effective methods to manage and improve compliance
processes (e.g.
SOX, FERC, NERC and Internal Audit) for energy and utility companies. The
conference is being held on 23 - 25 January at Marriott Austin Downtown in
Austin,
Texas.

    The presentation will cover key topics in today's compliance environment for
energy &
utility providers and the need for ERM to drive compliance activities; elucidate
why
risk is a value generating business phenomena and ERM best practices that
drive Governance, Risk and Compliance (GRC). It will also include an
overview of tools such as MetricStream's Enterprise Risk Calculator, which helps
gain consensus for risk factors across the organization and develop effective
strategies for lowering risk.

    Business capabilities such as recognizing and mitigating risks, complying
with
regulations, gaining increased market valuation and managing the use of
assets with higher returns on risk capital are now generating new
enterprise-wide risk management requirements. While risk managers in all
industries are grappling with the problems of performing real-time risk
measurement and mitigation, risk managers in the energy and utilities sector
have
to tackle additional complexities due to the inherent nature of the
business. Stringent compliance and regulatory requirements such as SOX, FERC
and NERC regulations add an additional layer of complexity for energy risk
managers and all business functions are impacted operationally as well as
strategically. By adopting a Risk-based compliance framework, energy &
utility companies can systematically identify, measure, prioritize and
respond to all types of risks and are hence equipped to competently meet
unexpected or even disruptive business events.

    "Opting for a formal business process for analyzing and managing
enterpriserisks, companies can identify, track and resolve risk-related issues
proactively
and thus realize better operating performance.  This strategy not only helps
significantly lower compliance and governance costs but also outperform
competitors," said Charles Goldenberg, VP of GRC solutions, MetricStream.

    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, Covidien, NASDAQ, SanDisk, BP, Entergy,
Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse
industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High
TechManufacturing, 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
ComplianceOnline.com portal. MetricStream is headquartered in Redwood Shores,
California and can be reached at www.metricstream.com.

    

Media contact:
pr@metricstream.com

Copyright 2008, Market Wire, All rights reserved.

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