Kaydon Corporation strengthens SOX compliance and internal audits using MetricStream’s solution

PALO ALTO, USA: Kaydon Corporation, designer of custom engineering solutions, announced that it is successfully enhancing its SOX compliance and internal audit processes with the support of MetricStream. The MetricStream solution, which is built on a centralized GRC platform, is enabling Kaydon to streamline, automate, and improve visibility into its internal audits and controls management, assessments, monitoring, and reporting processes.

Vance Allen, director, internal audit, Kaydon said: "An important part of our strategic agenda is to enhance stakeholder trust. And we believe that reporting of our internal and financial controls plays a critical role in achieving the same. We wanted a solution that would not only provide broader and deeper visibility into the entirety of our SOX compliance and controls processes, but would also help automate and facilitate controls testing. We're able to achieve our objectives and demonstrate immediate value with MetricStream's robust solution, which we could deploy quickly through MetricStream's cloud model."

The MetricStream solution enables a systematic and closed-loop approach to the entire process of assessing and testing internal controls, documenting findings and gaps, and initiating and managing remediation activities in compliance with SOX regulations. The solution also integrates SOX compliance with internal audit processes, data, and entities in a centralized framework, facilitating increased collaboration, efficiency, and visibility.