|By Business Wire||
|January 7, 2014 04:00 PM EST||
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.”
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.
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developmen...
Jun. 3, 2015 12:30 PM EDT Reads: 2,434
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises a...
Jun. 3, 2015 12:30 PM EDT Reads: 2,429
ProfitBricks has an early preview of its new Docker hosting platform. The ProfitBricks Docker platform enables its customers to build fully-portable applications within the ProfitBricks cloud. Unlike other Docker platforms, ProfitBricks’ Docker provides developers and system administrators with a platform with dedicated resources that autoscales the Docker hosts. Early access customers will be able to utilize up to 2,500 CPU core hours as part of ProfitBricks’ early access Docker preview.
Jun. 3, 2015 12:00 PM EDT Reads: 238
“We are strong believers in the DevOps movement and our staff has been doing DevOps for large enterprise environments for a number of years. The solution that we build is intended to allow DevOps teams to do security at the speed of DevOps," explained Justin Lundy, Founder & CTO of Evident.io, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 12:15 PM EDT Reads: 4,914
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
Jun. 3, 2015 12:15 PM EDT Reads: 4,346
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading in...
Jun. 3, 2015 12:15 PM EDT Reads: 2,741
IBM has acquired Blue Box Group, Inc., a managed private cloud provider built on OpenStack. Customers benefit from the ability to more easily deploy workloads across hybrid cloud environments. Financial details were not disclosed. Enterprises are seeking ways to embrace all types of cloud to address a wide range of workloads. Today's announcement reinforces IBM's commitment to deliver flexible cloud computing models that make it easier for customers to move to data and applications across cloud...
Jun. 3, 2015 12:15 PM EDT Reads: 386
Containers Expo Blog covers the world of containers, as this lightweight alternative to virtual machines enables developers to work with identical dev environments and stacks. Containers Expo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Bookmark Containers Expo Blog ▸ Here Follow new article posts on Twitter at @ContainersExpo
Jun. 3, 2015 12:00 PM EDT Reads: 1,596
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
Jun. 3, 2015 12:00 PM EDT Reads: 1,756
2015 predictions circa 1970: houses anticipate our needs and adapt, city infrastructure is citizen and situation aware, office buildings identify and preprocess you. Today smart buildings have no such collective conscience, no shared set of fundamental services to identify, predict and synchronize around us. LiveSpace and M2Mi are changing that. LiveSpace Smart Environment devices deliver over the M2Mi IoT Platform real time presence, awareness and intent analytics as a service to local connecte...
Jun. 3, 2015 11:15 AM EDT Reads: 1,150
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will addresses this very serious issue o...
Jun. 3, 2015 11:00 AM EDT Reads: 1,316
paradigm shifts in networking, to cloud and licensure, and all the Internet of Things in between. In 2014 automation was the name of the game. In his session at DevOps Summit, Matthew Joyce, a Sales Engineer at Big Switch, will discuss why in 2015 it’s complexity reduction. Matthew Joyce, a sales engineer at Big Switch, is helping push networking into the 21st century. He is also a hacker at NYC Resistor. Previously he worked at NASA Ames Research Center with the Nebula Project (where OpenSta...
Jun. 3, 2015 11:00 AM EDT Reads: 1,124
While there are hundreds of public and private cloud hosting providers to choose from, not all clouds are created equal. If you’re seeking to host enterprise-level mission-critical applications, where Cloud Security is a primary concern, WHOA.com is setting new standards for cloud hosting, and has established itself as a major contender in the marketplace. We are constantly seeking ways to innovate and leverage state-of-the-art technologies. In his session at 16th Cloud Expo, Mike Rivera, Seni...
Jun. 3, 2015 11:00 AM EDT Reads: 1,254
"Verizon Digital Media Services is responsible for the broadcast, video and content delivery network that accelerates, scales and helps our customers reach end users with all kinds of video and web content," stated James Segil, CMO of Verizon Digital Media Services, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 11:00 AM EDT Reads: 3,353
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 11:00 AM EDT Reads: 4,304