SHARE
Facebook X Pinterest WhatsApp

Getting a Lock on Sarbanes-Oxley Compliance

When it comes to the Sarbanes-Oxley act of 2002, the key to compliance at Master Lock Co. is integrated systems. Master Lock, the world’s largest padlock maker, sells more than 50 million padlocks a year. The Milwaukee-based company is a subsidiary of Fortune Brands Inc., in Lincolnshire, Ill. While many companies struggle with the documentation […]

Written By
thumbnail Anne Chen
Anne Chen
Feb 29, 2004
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

When it comes to the Sarbanes-Oxley act of 2002, the key to compliance at Master Lock Co. is integrated systems. Master Lock, the world’s largest padlock maker, sells more than 50 million padlocks a year. The Milwaukee-based company is a subsidiary of Fortune Brands Inc., in Lincolnshire, Ill.

While many companies struggle with the documentation requirements of the act, Master Lock had a head start because of the company’s ISO-compliant status. The International Standards Organization requires that corporations document quality management and process control systems to gain certification at manufacturing sites.

“ISO is as big or an even bigger documentation effort than Sarbanes-Oxley, so we had a lot of Sarbanes-Oxley taken care of from a documentation standpoint,” said Richard Kolaczewski, vice president of finance and IS at Master Lock. “We rolled off of our ISO projects in 2001 and 2002 and went straight into Sarbanes-Oxley, which worked out perfectly for us.”

In the mid-1990s, Master Lock decided to tear out its antiquated supply chain systems and launch a massive project to expand its supply chain globally while standardizing its front- and back-end systems on Oracle Corp.’s E-Business Suite 11i. Master Lock is currently running Oracle’s Entry, Receivables, Inventory, General Ledger, Manufacturing, Procurement and Fixed Assets applications.

To read the full story, click here.

Recommended for you...

SolarWinds Launches AI Agent and Expands AI Features
Jordan Smith
Oct 15, 2025
AI Wave, Economy Fuel Major Tech Layoffs Worldwide in 2025
Luis Millares
Oct 15, 2025
Check Point & Wiz Partner on Integrated Security Solutions
Jordan Smith
Oct 15, 2025
NetApp Announces Solutions for AI, Cloud, and Cyber Resilience
Jordan Smith
Oct 14, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.