Oracle Press Release

Oracle Announces Latest Release of Oracle® Governance, Risk and Compliance Applications Suite

Customers will Benefit from Intelligent Access Controls and Expansion of Oracle’s Enterprise GRC Platform

Oracle OpenWorld, San Francisco, CA – September 22, 2008

News Facts

Continuing its leadership in enterprise Governance, Risk and Compliance (GRC) platforms, Oracle today announced the latest release of the Oracle® Governance, Risk and Compliance Applications Suite, which integrates the management of diverse compliance and risk processes with preventative automated controls to help reduce cost and complexity while strengthening the integrity of critical business operations.
This latest release of the Oracle GRC Applications Suite includes new versions of products across the Oracle GRC portfolio, including Oracle Application Access Controls Governor, Oracle Fusion GRC Intelligence, and Oracle GRC Manager.
With the latest release, Oracle also introduces a complete solution for implementing ISO 14001 compliant environmental management systems, designed to help organizations meet the increasing demands for environmentally sustainable business processes and green compliance.
Oracle GRC Applications Suite promotes greater maturity and optimization of customers’ GRC programs to improve cross-enterprise, risk-based trending, analysis and decision-making. Customers benefit from a comprehensive regulatory compliance and risk management platform that unifies GRC activities that are currently handled manually and within disconnected silos.

New Capabilities Introduced in Latest Oracle Fusion GRC Intelligence

The latest release of Oracle Fusion GRC Intelligence delivers dynamic GRC dashboarding and reporting for proper segregation of duties across enterprise applications.
Robust reporting capabilities support the analysis of the access policies themselves for control design effectiveness, and the analysis of access policy conflicts for operating effectiveness. Enhancements include:
Analytics that depict segregation of duties coverage by business process, risk, and regulation to promote optimal coverage based on business exposure and materiality.
Key Performance Indicators (KPIs) to help ensure that violations are addressed effectively and to promote accountability in the segregation of duties remediation process.
Aging reports that flag and track exposed functions or privileges that have not been addressed within the accepted period for remediation.

New Capabilities Introduced in Latest Oracle Application Access Controls Governor

Advanced visualization capabilities allow segregation of duties conflicts to be represented graphically and within context for intuitive identification of issues, more rapid remediation and predictive analysis based upon historical norms.
Enhanced integration with Oracle Fusion GRC Intelligence delivers rich dashboards and key performance indicators (KPIs) for improved visibility into segregation of duties policies and exceptions. Users can drill down from reports and KPIs in Oracle Fusion GRC Intelligence back to detailed control policy information within Oracle Application Access Controls Governor.

New Capabilities Introduced in Latest Oracle GRC Manager

A complete information structure for implementing an ISO 14001 compliant environmental management system helps organizations apply a systemic approach to environmental compliance
The new solution provides a single documentation repository for environmental objectives and policies; automates the environmental audit and management review lifecycle; and provides for ongoing measurement and improvement of environmental performance.

Supporting Quote

“Oracle provides the most complete, open, and integrated enterprise GRC platform that combines best-in-class solutions for GRC analytics, process management and embedded application controls,” said Chris Leone, GVP Oracle Applications Strategy. “The new release of the Oracle GRC Applications Suite reflects our commitment to help customers better manage operational risk today using a unified platform that will continue to scale to meet their future business needs holistically and powerfully.”

Oracle Customer Services

Oracle Customer Services provides complete coverage of Oracle GRC Application Suite with the world's leading portfolio of IT lifecycle-based service and support offerings. Oracle Customer Services is focused on helping customers maximize their success with Oracle solutions while lowering the total cost of ownership through continued advances in providing personalized, proactive support and knowledge management capabilities.

Supporting Resources

About Oracle

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Contact Info

Susie Penner

Aaron Wessels
Blanc & Otus