Case Study: Commerce Bank consolidates 270+ SOX control testing with AuditBoard

How Commerce Bank Consolidates Annual Testing for 270+ SOX Controls

Commerce Bank, a nearly 160-year-old full-service super community bank headquartered in Missouri, needed a better way to manage annual testing for 270+ SOX controls and regulatory audits. Before moving to AuditBoard’s Optro, the audit team relied on manual, siloed spreadsheets and a previous platform that focused more on data storage and audit documentation.

With AuditBoard’s Optro, Commerce Bank consolidated risk assessments, improved SOX certification workflows, and gave stakeholders and control owners a single place to see tasks and information. The bank said onboarding is now about 20% faster, and regulators can get what they need in a day or two instead of waiting five days just to answer questions.

Commerce Bank

Aaron Meinert

Director of Internal Audit