A global food manufacturer is focused on delivering shareholder value by embracing simplicity, standardization, and efficiency in everything it does. As a long-standing adviser to the company, and with these pillars in mind, KPMG suggested our KPMG SOX On Demand service to streamline the company’s SOX testing process, which was putting significant strain on resources every year.
One problem: With so many requests going back and forth among 150 control owners globally, it was challenging for leadership and control owners to keep track of open requests.
The company quickly saw the value of the innovative KPMG approach, which features fixed-fee pricing, preconfigured workflow tools, and real-time dashboard reporting. KPMG SOX On Demand enables stakeholders to track open questions and see the status of documentation and testing. Control owners have a clear view of questions and document requests. Leadership has visibility into timeliness and results of testing.
The improved transparency helped the company cut SOX testing time by almost 30 percent and reduced testing costs by approximately 20 percent.