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Continuous Monitoring of Business Transactions
You can't enforce internal controls if you don't know when they are being broken. Oracle Transaction Controls Governor continuously monitors transactions against policies to detect suspicious transactions or inappropriate business practices. The system proactively alerts the appropriate stakeholders for effective and timely remediation of violations. Oracle Transaction Controls Governor tracks events that indicate:
- Potential violation of internal controls - for example, an employee raises multiple requisitions for a single purchase totaling an amount greater than her approval level
- Heightened levels of risk - for instance, an unexpected delay in anticipated cash receipts which would result in a shortfall in projected cash flow
- Reportable events - for example, a foreign subsidiary writes off a significant bad debt
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