MetricStream’s cloud-based Conflict Minerals Management Solution and Supplier Support Services are helping leading companies and their suppliers meet the May 2014 Conflict Minerals reporting deadline
March 18, 2014 Palo Alto, California: As the first conflict minerals reporting deadline approaches, MetricStream is witnessing the rapid and widespread adoption of its Conflict Minerals Management Solution and consulting services across industries, including retail and consumer goods, high-tech, manufacturing, and energy.
Several of the world’s most respected companies are committed to proactive compliance with Section 1502 of the Dodd-Frank Act, building more responsible sourcing practices and working closely with their suppliers to ensure reporting requirements for Conflict Minerals are met. They have chosen MetricStream to support them and their suppliers in implementing a systematic and efficient process to identify the presence of conflict minerals in their products, and trace these minerals directly to the source.
MetricStream provides both the cutting-edge Conflict Minerals Management Solution and supplier support services. MetricStream domain experts work closely with customers to develop a conflict minerals program and implementation plan, and establish, schedule, and execute supplier surveys and self-assessments. They also manage all supplier communications and support services. Alongside, the MetricStream software solution, which can be successfully deployed within weeks, streamlines and automates the entire conflict minerals management process. The solution also enables complete management of supplier and product information, offers real-time visibility into supplier risks, provides pre-built reports and dashboards, and enhances the organization’s overall conflict minerals compliance management program.
The MetricStream conflict minerals software solution was developed on MetricStream’s rapid development platform called Zaplet, an open and flexible cloud platform and ecosystem for building and distributing specialized GRC applications that address specific industry challenges. Zaplet leverages MetricStream GRC Platform and MetricStream Application Studio (a web-based development environment) to enable rapid development and deployment of GRC applications for specific risk management and regulatory compliance requirements.
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, Barclaycard US, P&G, Constellation Energy, Pfizer, Philips, United Technologies Corporation, SanDisk, Cummins, and Autogrill in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several 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.