SOX Compliance Management

Measure Your Program Outcomes

• **60% **reduction in the time taken for control testing and SOX certification
•  **0% **errors in SOX certification
•  **93% **reduction in issue resolution time

Ensure Compliance with SOX in an Efficient and Sustainable Manner

MetricStream SOX Compliance Management software, built on the MetricStream Platform, is highly configurable to achieve compliance with the Sarbanes Oxley (SOX) regulation. It provides a mobile-ready, responsive, and personalized interface designed for compliance professionals to support control testing anywhere, anytime. Multi-Dimensional Organization Structure (MDOS) functionality enables organizations to model compliance programs for SOX based on complex organizational setups. Arm your management with comprehensive compliance insights and intelligence to power better business decisions.

How Our SOX Compliance Management Software Helps You

Centralized Compliance Framework Enabling Efficient Mapping of Relationships

For each business unit, create a centralized compliance framework for SOX that includes processes, risks, controls, financial accounts, financial statement assertions, evidence, questionnaires, and tests, along with the associated owners, reviewers, and approvers. Organize this data into appropriate hierarchies and map the relationships between the various data elements.

Comprehensive Approach to Risk Assessments

Plan and schedule risk assessments, define their scope, and assign them to owners. Assess risks based on impact and likelihood, rate control effectiveness, and document the inherent and residual risk rating. Leverage the Risk and Control Matrix for a comprehensive view of the SOX compliance program, including risks, controls, control effectiveness, test results, assertions, and frequency of control testing.

Streamlined Control Testing and Documentation Processes

Plan and design control tests, while also defining test owners, schedules, scope, and frequency. Search and select controls for testing and assign them to control owners. Leverage built-in standard templates to conduct the control tests. Store these documents centrally and provide access to them through secure, role-based landing pages.

Efficient Management of SOX Certifications

Create plans, questionnaires, and schedules for certifications based on SOX Section 302 and 404. View a SOX 302 sub-certification report which provides management teams the assurance that subordinate levels have performed their internal control duties.

Swifter Remediation of Issues with Automated Workflows

Accelerate remediation action plans through automated workflows, notifications, and reporting processes. Review issues marked for disclosure and channel them to the disclosure committee for their recommendations and inclusion in regulatory filings. Leverage AI/ML to quickly identify and recommend issues, issue classification, and action plans based on relation.

Effective Monitoring with Intuitive Dashboards and Reports

Monitor the status of control design, process ownership, evaluation plans, test results, and other factors on graphical charts and reports. Drill down to view the data at finer levels of detail. Leverage key control metric cards to track the number and test status of controls.

Benefits

• Gain confidence in SOX compliance through a unified approach to risk and control data management across financial processes
• Reduce compliance efforts and costs by rationalizing controls using a risk-based approach
• Increase investor confidence by providing accurate, complete, and reliable data on control testing, certifications, and issue resolution
• Strengthen trust and credibility with stakeholders through assured compliance and timely reporting