Oracle Press Release

Oracle Enhances Continuous Controls Monitoring Solution

Oracle GRC Customers Enjoy Improved Operational Performance and Streamlined ERP Upgrades; Solution Helps Lower Compliance Costs

Redwood Shores, Calif. – Oct. 28, 2010

News Facts

Extending its industry-leading continuous controls monitoring solution, Oracle today announced the latest release of Oracle GRC Controls, part of Oracle Fusion Governance, Risk, and Compliance.
Oracle GRC Controls 8.6 helps lower compliance costs, improve financial governance and enhance operational performance by continuously monitoring automated controls for Oracle and non-Oracle enterprise applications.
The latest release introduces key innovations in user productivity. Unlike other tools on the market that require coding expertise and are focused primarily on IT users, Oracle GRC Controls now enables business users to easily embed control monitors directly into enterprise applications through an intuitive drag-and-drop user interface.
The new release also delivers a sophisticated incident management capability to facilitate the active management of controls and the collaborative disposition of issues across multiple departments such as finance, audit, IT, procurement, and HR.
With Oracle GRC Controls 8.6, business users are better equipped to identify and reduce risk in business processes such as order to cash and procure to pay by actively monitoring business transactions for potential error and fraud, enforcing segregation of duties (SOD) policies across multiple enterprise applications, and maintaining the integrity of controls when upgrading to the latest releases of the Oracle E-Business Suite and Oracle's PeopleSoft Enterprise.

Industry Leading Continuous Controls Monitoring Solution

Part of Oracle Fusion Governance, Risk, and Compliance, Oracle GRC Controls includes Oracle Enterprise Transaction Controls Governor (Oracle Enterprise TCG), Oracle Application Access Controls Governor (Oracle AACG), Oracle Configuration Controls Governor (Oracle CCG), and Oracle Preventive Controls Governor (Oracle PCG).
New capabilities within Oracle GRC Controls 8.6 include:
New attributes specific to Oracle’s PeopleSoft Enterprise that reduce the number of false positives from segregation of duties analyses;
Advances in GRC Controls extensibility that enables the rapid development of sophisticated controls monitoring solutions for multi-application environments; and
Streamlined structure to define models, controls, and incidents to facilitate both high-volume transaction analysis and multi-step forensic investigation.

Supporting Quotes

"We were able to replace a home-grown segregation of duties (SOD) tool with Oracle Application Access Controls Governor (AACG). We were able to start monitoring our SOD policies very quickly and expect to leverage AACG as a pan-enterprise solution in our current Oracle E-Business Suite 11.5.10 instance. As we migrate to the Oracle E-Business Suite 12.1, we expect AACG to be a critical utility to ensure the correct implementation of user roles and privileges throughout our European operations," said Koen Delauré, senior manager, Corporate Applications, Toyota Motor Europe.
“We have successfully deployed Oracle GRC Controls 8.6 in our labs. We strive to be at the forefront in providing a full spectrum of Oracle E-Business Suite services. This solution, added to our close relationship with Oracle, gives us a strong GRC solution that helps to stop cash leakage, and helps prevent fraud, error & segregation of duties (SOD) violations, in a much more comprehensive and efficient manner. Our expertise in delivering Oracle GRC 8.6’s extensibility framework enables our solution to connect and govern critical business application for a true enterprise-wide controls solution,” said Langbert Walker, general manager and global practice head (Oracle), Wipro Technologies.
“With Oracle GRC Controls, we are able to help our customers get more out of their GRC investment and go beyond regulatory compliance to actively reducing waste, inefficiency, and operational risk in their core business transactions,” said Chris Leone, group vice president, Oracle Applications Development. “The latest release of Oracle GRC Controls sets a new standard for extensibility and user experience to make it easier for organizations to apply controls that are driven by the business across even the most complex application environments. By combining best-in-class controls automation and enforcement capabilities with integrated risk and compliance management, only Oracle provides the complete enterprise GRC platform needed to resiliently adapt to changing market conditions.”

Supporting Resources

About Oracle Applications

Over 65,000 customers worldwide rely on Oracle's complete, open and integrated enterprise applications to achieve superior results. Oracle provides a secure path for customers to benefit from the latest technology advances that improve the customer software experience and drive better business performance. Oracle Applications Unlimited is Oracle's commitment to customer choice through continuous investment and innovation in current applications offerings. Oracle's next-generation Fusion Applications build upon that commitment, and are designed to work with and evolve Oracle's Applications Unlimited offerings. Oracle's lifetime support policy helps ensure customers will continue to have a choice in upgrade paths, based on their enterprise needs. For more information on the latest Oracle Applications releases go to www.oracle.com/applications.

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Contact Info

Danielle Cormier
Oracle
+1.610.766.3463
danielle.cormier@oracle.com

Simon Jones
Blanc & Otus
+1.415.856.5155
sjones@blancandotus.com