Dubai Aluminium selects MetricStream as its Risk Management Technology partner

Bangalore based MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions, has announced that Dubai Aluminium (DUBAL) has gone live with MetricStream Enterprise Risk Management (ERM) Solution to centralize and streamline its corporate risk management program. As a result, DUBAL has achieved standardization of risk management across divisions and business units, improved visibility into enterprise risks, and strengthened risk management.

Among the top 10 aluminum-producing companies in the world, DUBAL is one of the largest industrial corporations in the UAE serving over 330 customers across 48 countries. As DUBAL grew rapidly in the last few years, it evolved into a global aluminium producer of significant size and scale. The company undertook a strategic transition from a business unit centric risk management approach to an enterprise level approach in order to drive greater standardization in risk management processes, improve risk visibility, and enable meaningful correlation of different types of risks across the organization.

"We recognized the need for an integrated risk management framework to get a strong grip on our risk related data and processes, and manage them efficiently and proactively," said Toby Shore, Corporate Treasurer and Chief Risk Officer at DUBAL. "We selected MetricStream as our risk management technology partner for this important initiative because of the comprehensive capabilities of the MetricStream solution as well as its simplicity and usability. MetricStream's industry leading position in GRC, its ability to easily configure the solution and map it to our requirements, and its deep expertise in risk management methodologies validated our decision. We are pleased with how the MetricStream solution has enabled a more collaborative, proactive, and centralized approach to risk management which is critical for driving business performance and growth."

"We are delighted to have DUBAL as our customer," said Shankar Bhaskaran, GM and VP of International Business Operations at MetricStream. "DUBAL has chosen the right path towards stronger and more sustainable protection against risks, while also setting an example for its peers to follow. The MetricStream solution will help the company facilitate an enterprise-wide risk-focused culture with greater accountability, better coordination, and stronger risk-response strategies. This implementation at one of the premier corporations in UAE further extends MetricStream's market leadership in the Middle East."

Source : Equity Bulls

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