Case Study: BNY Mellon achieves faster, more transparent SOX testing with AuditBoard

How BNY Mellon Streamlined Its Process & Reduced Key Testing Controls

BNY Mellon, the global investments company that helps manage roughly $37 trillion in assets under custody, faced a fragmented SOX compliance process built on spreadsheets, Word documents, home‑grown tools and a legacy work‑paper application. That disconnected environment caused heavy manual work, poor transparency with business partners and auditors, and difficulty aggregating testing and control data, so BNY Mellon selected AuditBoard to provide a purpose‑built, centralized SOX workflow and repository.

AuditBoard was implemented largely out of the box to centralize control inventory, process flows, testing and work papers and to automate workflows; within a year BNY Mellon gained real‑time dashboards and consolidated reporting, saved multiple hours per week during peak season, cut report preparation from roughly an hour to minutes, improved transparency for business owners and external auditors, and used the platform’s analytics to right‑size and better allocate control testing.

BNY Mellon

Scott Cronin

Global Head of SOX Compliance & Controls