UK SOX COMPLIANCE
MetricStream UK SOX Compliance solution enables enterprises to effectively address SOX compliance challenges and automate the internal controls management, with reduced time and costs. The solution supports the process of setting up a SOX framework, planning and scheduling risk assessments, and performing control tests and assessments. It also helps in managing evidence collection and other documentation, remediating issues, and performing certifications and sign-offs. Complex organizational hierarchies can be mapped in an organized manner with clearly defined lines of responsibility and accountability.
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KEY CAPABILITIES
SOX COMPLIANCE FRAMEWORK
CONTROL SAMPLING AND TESTING
REMEDIATION AND DISCLOSURES
CERTIFICATIONS
Customer Experience
Through the common controls framework we were able to accomplish a significant amount of consolidation about 93% of consolidation. We were able to reduce the 5128 requirements into a small set of about 326 controls.
Sundar Venkat
Director of Compliance
Salesforce
The MetricStream M7 platform which we rolled out earlier this year is really going to help us improve efficiency and help us streamline our data model.
Jinny Lung
Director, Security Governance, Risk, and Compliance
Salesforce
The biggest benefit we have achieved is visibility. Earlier when we were using Excel and other mediums, we didn't have central visibility of our frameworks and at one landscape we weren't able to see at any point of time how we are fairing in our controls execution.
Somkant Mishra
GRC Solution Architect
Interxion
One of the highlights of our GRC implementation is the successful use of the survey module as a global first level assurance activity. In the last 6 months alone, we've completed close to 10,000 first line assurance verification. This is supporting our control testing and eventually helping us to demonstrate the effectiveness of our controls.
Amal Muralidharan
GRC Platform Owner
dnata
Measurable Outcomes
Gain confidence in achieving SOX compliance through a unified approach to risk and control data management across financial and IT processes
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60% Reduction in the time taken for control testing and SOX certifications
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93% Reduction in issue resolution time
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Reduce compliance efforts and costs by rationalizing controls using a risk-based approach
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Increase investor confidence by providing accurate, complete, and reliable data on control testing, certifications, and issue resolution
MetricStream UK SOX Compliance solution enables enterprises to effectively address SOX compliance challenges and automate the internal controls management, with reduced time and costs. The solution supports the process of setting up a SOX framework, planning and scheduling risk assessments, and performing control tests and assessments. It also helps in managing evidence collection and other documentation, remediating issues, and performing certifications and sign-offs. Complex organizational hierarchies can be mapped in an organized manner with clearly defined lines of responsibility and accountability.