Tronox chooses MetricStream solution for SOX compliance

MUMBAI, INDIA: MetricStream has 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 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.

"We are excited that Tronox has selected MetricStream to support its new SOX compliance program," said Gaurav Kapoor, COO 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."

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.