Case Study: Fortune 200 Diversified Outsourcing Services Provider achieves 30%+ cost reduction and automated, faster SOX compliance with Riskonnect

Fortune 200 Diversified Outsourcing Services Providing Company - Customer Case Study

Fortune 200 Diversified Outsourcing Services Providing Company struggled to manage 800 key SOX controls without a master matrix, relying on spreadsheets and an ongoing Big Four engagement. Inconsistent documentation, manual data aggregation via email, and an inability to identify current control status made status meetings infrequent and resource-intensive—four people spent 300–500 hours annually just tracking status. The company selected Riskonnect’s SOX compliance solution for its relative simplicity, affordability and fast implementation.

Riskonnect delivered a centralized SOX compliance platform (quickly deployed from January to April) and extended the implementation to internal audit, supplier diversity and inventory monitoring on its integrated risk management platform. The solution reduced reliance on external support, made control testing more flexible, and enabled actionable analytics that drive follow-up and resolution. As a result, the company cut compliance costs by more than 30% year-over-year while increasing scope, reduced one person’s annual tracking time to under 100 hours, and moved reporting cadence from bi-monthly to bi-weekly.