Click here to close now.

Welcome!

News Feed Item

Tronox Chooses MetricStream Solution for SOX Compliance

MetricStream today announced that it has entered into an agreement with Tronox Limited, the world’s largest fully integrated producer of titanium ore and titanium dioxide (TiO2), to provide an advanced Sarbanes-Oxley Act (SOX) compliance solution.

Built on a flexible GRC platform, the solution will scale across Tronox’s global enterprise, unifying the complete range of their SOX compliance processes and data in a common framework for enhanced transparency and accountability. The solution will also enable a systematic, risk-based, and automated approach to SOX compliance and control testing, thereby supporting more robust risk management and compliance programs that enhance the firm’s reputation and reduce the likelihood of unanticipated fines or costs.

Tronox mines and processes titanium ore, zircon and other minerals, and manufactures (TiO2) pigments that add brightness and durability to paints, plastics, paper, and other everyday products. The company’s electrolytic and specialty chemicals division provides innovative products to the energy storage, paper, automotive, and pharmaceutical industries. Tronox has a workforce of more than 3,400 employees operating in 18 locations around the world with production facilities in the United States, Australia, the Netherlands, and South Africa.

“To support our new SOX program, we were looking for an integrated compliance solution that could be implemented quickly,” said Peter Brooks, Vice President, Risk Management and Corporate Audit at Tronox. “Ultimately, we selected MetricStream because of the solutions broad array of features and their secure cloud-based offerings. MetricStream provided us with the assurance that through this partnership, we could build a successful, industry-leading SOX compliance program.”

Over time, the MetricStream SOX Compliance Solution will enable Tronox to define and maintain a single, centralized framework of SOX standards, risks, controls, and reporting requirements. The solution offers secure and centralized management of financial compliance data, support for dependency mapping, while also facilitating the sharing of process documentation as well as associated risks and controls. All of this will help standardize and streamline SOX compliance processes across the company’s operations.

The solution also provides advanced SOX scoping capabilities for controls testing, automatic notification and routing of activities such as design and operating review, risk assessments, signoffs, and certifications. Additionally, the solution will streamline quarterly and annual control surveys and certifications, help document key controls and gaps, and demonstrate how relevant risks are factored into the periodic compliance risk assessment process. Powerful reports, charts, and dashboards will provide insight into the current state of financial reporting and compliance. The solution also provides drill-down capabilities through sub-reports and in-context data to support root cause analysis.

As mining companies operate in increasingly diverse, global, and resource-rich regions, it becomes challenging to ensure transparency across all business activities. Therefore, companies must strengthen their internal controls and compliance programs to provide ongoing assurance to the regulators that assets are protected, transactions are legitimate, and material irregularities are prevented.

“We are excited that Tronox has selected MetricStream to support its new SOX compliance program,” said Gaurav Kapoor, Chief Operating Officer at MetricStream. “Ever since the SOX Act was passed in 2002, companies around the world have chosen MetricStream to strengthen their compliance with various SOX sections including 302, 304, and 404 for financial reporting, control monitoring, and more. Our solutions help companies strengthen their internal controls, gain visibility into their compliance efforts. Tronox has chosen MetricStream’s secure cloud offering to support a quick deployment, which will bring immediate value to the organization.”

About MetricStream

MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, Barclaycard US, P&G, Constellation Energy, Pfizer, Philips, United Technologies Corporation, SanDisk, Cummins, and Autogrill in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and has its ANZ offices in Sydney and can be reached at www.metricstream.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
In his session at 16th Cloud Expo, Simone Brunozzi, VP and Chief Technologist of Cloud Services at VMware, reviewed the changes that the cloud computing industry has gone through over the last five years and shared insights into what the next five will bring. He also chronicled the challenges enterprise companies are facing as they move to the public cloud. He delved into the "Hybrid Cloud" space and explained why every CIO should consider ‘hybrid cloud' as part of their future strategy to achi...
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
The most often asked question post-DevOps introduction is: “How do I get started?” There’s plenty of information on why DevOps is valid and important, but many managers still struggle with simple basics for how to initiate a DevOps program in their business. They struggle with issues related to current organizational inertia, the lack of experience on Continuous Integration/Delivery, understanding where DevOps will affect revenue and budget, etc. In their session at DevOps Summit, JP Morgenthal...
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.