Overview

Strengthen Internal Controls

Use Oracle Risk Management to document risks and enforce controls as an integral part of your ERP Cloud deployment.

Features

Streamline Internal Controls and Compliance Processes
Stay Up to Date

Establish and update your risk and controls matrix, control test plans, and instructions

Ensure Timely Assessments

Automate periodic or ad hoc control testing (assessments), risk assessments, or surveys

Detect and Remediate Critical Issues

Allow users to create issues as part of the assessment flow, automatically notifying issue owners and approvers

Certify with Confidence

Create and update remediation plans and tasks, and certify controls (SOX 302, 404, etc.)

Protect Against Fraud, Error, and Policy Violations
Automate Transaction Controls

Continuously monitor procure-to-pay and expense controls to reduce cash leakage, transaction errors, and compliance violations

Leverage Library of Best-Practice Controls

Accelerate deployment by configuring prebuilt controls based on industry best practices

Author New Audit Rules and Algorithms

Design new controls using integration with over 1300 ERP data elements and visual editing, and model results and simulate changes to minimize false positives

Eliminate Ad Hoc Data Analysis

Eliminate time consuming and error prone manual data extraction, uncontrolled scripts, and ad hoc analysis, for more reliable control monitoring

Restrict Unwanted Access and Automate Segregation of Duties Analysis (Coming Soon)
Automate User Security Analysis

Automate access and segregation of duties (SoD) controls to prevent fraud and access violations

Accelerate Security Implementation

Accelerate deployment of application security using a prebuilt library of access and SoD controls based on industry best practices

Design New Access Controls

Design new access controls using a visual editor, and monitor over 6000 access points in Oracle ERP, HCM, and SCM Cloud

Security Console Integration

Streamline security and access controls by catching access violations during user security setup

Integrated Management of Issues and Exceptions
Analyze, Investigate, and Prevent

Assign owners to drive analysis and investigation, and proactively prevent incidents

Self-Learning

Minimize manual intervention with intelligent automatic closure of conflicts

Improve Process Efficiency

Improve business processes by identifying inefficiencies and improving control effectiveness

Accelerate Audits and Assessments

Build an audit trail by linking analysis and investigations of exceptions to documented business risks for expediting assessments