Case Study: Fortune 500 Chemical Manufacturing Company achieves integrated, automated global internal audits and SOX compliance with MetricStream

Fortune 500 Chemical Manufacturer Integrates and Automates Global Internal Audits and SOX Compliance Processes Using MetricStream’s Cloud-based Apps

A Fortune 500 specialty chemical manufacturer with global operations and a team of about 40 internal auditors (conducting 75–100 audits annually) was hampered by a legacy system that only managed work papers and timesheets. Risk assessments, audit planning, SOX control testing and reporting were manual and fragmented across spreadsheets, email and ad hoc tools, making resource coordination, issue remediation and external reporting slow and error-prone.

The company implemented MetricStream’s cloud-based GRC platform—Internal Audit and SOX Compliance Management Apps—to integrate and automate risk-based assessments, audit planning, control testing, issue management, timesheets and reporting. The solution created a single point of reference to manage up to 100 global audits and 300 control tests, delivering better visibility via dashboards, faster and more collaborative reporting, improved audit efficiency, stronger financial controls, and enhanced compliance with IIA standards and external auditor requirements.