MetricStream SOX Compliance Management and Conflict Minerals Management Apps run on MetricStream GRC Cloud will help Trimble Navigation achieve evolving compliance requirements
PALO ALTO, Calif., July 21, 2015 /PRNewswire/ — Trimble Navigation, Ltd., a leading maker of GPS and survey equipment, has selected MetricStream SOX Compliance Management App and Conflict Minerals Management App to establish a more efficient and effective compliance management program. The SOX Compliance Management App will equip Trimble Navigation with a comprehensive system to strengthen internal controls, as well as ensure compliance with all SOX compliance requirements. The Conflict Minerals Management App will enable Trimble Navigation to streamline their conflict minerals program and reporting requirements. Together, the Apps will enable the organization to obtain greater control over key areas of their compliance program, and reduce the total cost of compliance.
Trimble Navigation, headquartered in Sunnyvale, California, makes Global Positioning Systems (GPS), receivers, laser rangefinders, Unmanned Aerial Vehicles (UAVs), and Inertial Navigation Systems (INS). Trimble Navigation products are used in over 150 countries around the world and have a vast network of dealers and distribution partners to serve and support their customers. The company has over 6500 employees in more than 35 countries world-wide.
"The MetricStream Compliance Management App helps streamline and standardize compliance and control processes, provides greater visibility across the organization, and enables us to identify and address key areas of concern," said Mark Adams, Director Internal Audit at Trimble Navigation. "Compliance with existing and evolving regulatory requirements requires that we have a well-defined governance model and efficient control mechanism in place. We selected MetricStream Apps to support our compliance management program because they offer an automated and integrated approach that will not just enhance collaboration between various teams, but will also provide visibility into our compliance initiatives world-wide."
The MetricStream SOX Compliance Management App helps organizations achieve consistent and effective internal control processes across the enterprise, thereby eliminating deviations, errors, and redundancies. The App helps streamline the end-to-end process – including identifying and documenting controls, performing test surveys and certifications, capturing and remediating control deficiencies and monitoring the operational effectiveness and overall compliance process.
The MetricStream Conflict Minerals Management App helps organizations strengthen the efficiency of their conflict minerals programs by simplifying end-to-end processes. The App provides a robust and structured approach to conflict minerals reporting requirements, from conducting reasonable country of origin surveys, triggering supplier notifications, ensuring due diligence, determining status by collating and validating responses with real-time program tracking, and reporting.
The Apps, when used together and collaboratively across different teams in the organization, provide greater risk and compliance awareness and visibility across management and key stakeholders.
"We are pleased to have been selected by Trimble Navigation to manage critical components of their Compliance Management program," said Gaurav Kapoor, Chief Operating Officer at MetricStream. "Companies are facing tremendous pressure to streamline their regulatory compliance requirements, and organizations of all sizes, across industries partner with MetricStream to promote greater efficiency, optimize resource utilization, automate processes, and reduce the total cost of compliance."
About MetricStream
MetricStream is the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations 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 management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream's customers include UBS, Société Générale, Pfizer, Philips, Cummins, Kellogg's, Mondelez International, SanDisk, and NetApp. MetricStream also owns and operates the www.ComplianceOnline.com portal – the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).
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