SOX Compliance Management Software

Effective SOX compliance software offers control mapping, automated workflows, real-time dashboards, and integrated testing capabilities. It should allow teams to document processes, assign responsibilities, track remediation efforts, and maintain a full history of changes. The ability to centralize evidence, link controls to risks, and generate audit-ready reports is also critical. Some platforms also provide issue management, certifications, and scheduling tools to keep everything on track throughout the year. This group of features work together to improve transparency, reduce manual workload, and strengthen overall control assurance across the organization.

Begin by identifying how your current SOX processes are managed and where the gaps or inefficiencies lie. Choose a tool that can adapt to your internal control framework and provide strong visibility across multiple business units. Look for configurable workflows, clear role assignments, and strong integration with financial systems or audit tools. Ease of use is also important - teams should be able to navigate the platform without steep learning curves. Make sure the software supports version control, audit trails, and real-time reporting to give stakeholders confidence in the accuracy and completeness of your compliance efforts.

Yes. The software supports controls to be defined and managed under various standards and frameworks including COSO, COBIT, ISO, etc. It supports common controls frameworks along with regulatory and other information such as coverage period, testing frequency, geography, products, etc.

Yes. The tool supports marking accounts as significant and links them to relevant accounting processes. It also supports recording risks related to these significant accounts and related controls. It provides detailed and flexible centralized libraries for risk, controls, processes, and other entities. The underlying relational data model facilitates one-to-one, one-to-many, many-to-one, many-to-many relationships among these entities. Also, it enables users to view these relationships in the listing screen and reports.

Yes, it supports the identification of the risks within the sub-processes/sub-cycles and the performing of risk assessments to assess the nature, timing, and extent of the testing that must be performed in each area. The tool supports determining the significant risk factors that need to be evaluated for each sub-process and sub-cycles.

Risk assessments can be performed based on configurable methodologies and aggregate algorithms. Comprehensive reports and dashboards provide insights on risk scores, top risks, assessment status, etc.

You can plan and design control tests, while also defining test owners, schedules, scope, and frequency. You can also search and select controls for testing based on various parameters and assign them to control owners or testers. Built-in standard templates can be leveraged to conduct control tests. Select control samples, and record the results of testing, including the operating and design effectiveness of controls. Attach supporting documents and evidence of compliance. Store these documents centrally, and provide access to them through secure, role-based landing pages.

With MetricStream, you can create plans, questionnaires, and schedules for certifications based on SOX Section 302 and 404. You can provide management teams the assurance that subordinate levels have performed their internal control duties with a SOX 302 sub-certification report.

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