Case Study: Leading Financial Services Provider achieves integrated, agile SOX compliance and streamlined internal audits with MetricStream

Reputed Financial Services Provider Adopts An Integrated And Agile Approach To Sox Compliance And Internal Audits

A leading northeastern U.S. financial services provider — offering banking, mortgage, investment management, and community development services — was struggling to manage SOX compliance and internal audits across dispersed business segments and coast-to-coast offices. Fragmented information sharing, manual audit processes, high costs, limited visibility into compliance status, and difficulty mapping risks to controls made it hard to coordinate risk assessments and audit planning enterprise-wide.

The client implemented MetricStream’s cloud-based GRC platform to centralize risks, controls, and audits, integrate with their financial accounting tool, automate SOX control testing, and support risk-based internal audit workflows and issue management. The solution unified 200+ users in one framework, improved oversight with real-time dashboards, streamlined audit planning and resource allocation, and reduced costs and redundancies through automation and cloud deployment.