SOX Compliance Management Software

MetricStream SOX Compliance Management is a highly configurable software product designed to help organizations establish, maintain, and demonstrate compliance with the Sarbanes-Oxley (SOX) Act. It supports the setup of a SOX compliance framework, risk assessments, control testing and documentation, certifications, and issue remediation. The product is built specifically for SOX compliance professionals and includes a multi-dimensional organization structure that accommodates complex corporate setups.

According to customer responses and the GRC Journey Business Value Calculator, MetricStream SOX Compliance Management has achieved a 60% reduction in the time taken for control testing and SOX certifications, 0% errors in SOX certifications, and a 93% reduction in issue resolution time. These results reflect the product's ability to automate manual testing, certification, and remediation workflows.

MetricStream SOX Compliance Management allows organizations to plan control tests with defined owners, schedules, scope, and frequency. A survey-like format for test procedures increases user engagement, and samples can be added manually or uploaded in bulk using Excel spreadsheets. Testers, reviewers, and approvers collaborate through structured workflows, and supporting evidence is stored centrally in secure, role-based landing pages. Control results display effectiveness information upfront, reducing review time.

MetricStream SOX Compliance Management enables organizations to plan and schedule risk assessments across their SOX compliance framework, assess risks based on impact and likelihood, rate control effectiveness, and document inherent and residual risk ratings. The Risk and Control Matrix provides a comprehensive view of the entire SOX program, including risks, controls, control effectiveness scores, test results, assertions, and the frequency of control testing—giving compliance teams and auditors a complete picture of the control environment.

MetricStream SOX Compliance Management supports the creation of certification plans and questionnaires aligned to SOX Section 302 and 404 requirements. The SOX 302 sub-certification report gives management teams assurance that subordinate organizational levels have fulfilled their internal control responsibilities. Certifications follow automated workflows for review and approval, with the full certification history stored centrally and accessible for internal review and external audit purposes.

MetricStream SOX Compliance Management supports the creation of certification plans and questionnaires aligned to SOX Section 302 and 404 requirements. The SOX 302 sub-certification report gives management teams assurance that subordinate organizational levels have fulfilled their internal control responsibilities. Certifications follow automated workflows for review and approval, with the full certification history stored centrally and accessible for internal review and external audit purposes.

MetricStream SOX Compliance Management provides SOX compliance professionals with real-time visibility through graphical dashboards, key control metrics cards, and scorecards that display the number and test status of controls, open issues, certification results, and control effectiveness trends over the prior four quarters. Drill-down capabilities allow users to move from executive-level summaries to individual control test details, supporting both strategic oversight and operational management of the SOX program.

MetricStream SOX Compliance Management strengthens investor confidence by providing accurate, complete, and reliable data on control testing results, certifications, and issue resolution. The platform's structured workflows and audit trail ensure that all SOX activities are documented, reviewable, and defensible. By driving 0% errors in certifications and accelerating issue resolution, organizations can file accurate regulatory disclosures and demonstrate a mature, well-governed internal control environment.

MetricStream SOX Compliance Management includes a multi-dimensional organization structure functionality that allows organizations to model their SOX compliance program to reflect complex corporate hierarchies, including multiple business units, legal entities, and geographic regions. Compliance frameworks can be set up independently for each business unit with their own processes, risks, controls, accounts, and test schedules, while roll-up reporting consolidates results across the enterprise for senior management and external auditors.

MetricStream SOX Compliance Management includes a disclosure workflow that allows organizations to review issues identified during control testing and route those marked for disclosure to the disclosure committee. The committee can review findings, provide recommendations, and determine which items should be included in regulatory filings. This structured approach to disclosure management reduces the risk of material weaknesses or significant deficiencies being missed or improperly handled before financial reporting deadlines.