Oracle Risk Management and Compliance

Proactively protect your enterprise to build trust and resilience amid constant change and disruption. Oracle Fusion Cloud Risk Management and Compliance is a security and audit solution that controls user access to your Oracle Cloud ERP financial data, monitors user activity, and makes it easier to meet compliance regulations through automation.

Learn how to empower employees and drive a risk aware culture with embedded AI.

Risk Management and Compliance use cases

Automate monitoring and control of user access

Design custom roles without separation of duties (SoD) violations

Use a library of prebuilt security rules to ensure your roles are compliant before you go live with your ERP system. Avoid user acceptance testing (UAT) delays, audit findings, and costly remediation of roles.

Check access requests for SoD violations

Enable self-service user access requests and help prevent SoD conflicts prior to provisioning access. Route access requests to business process owners for review, document exceptions, and grant access if approved.

Monitor and report sensitive (restricted) access

Identify users who have been granted sensitive access privileges and data to report, certify, or remove.

Monitor and report separation of duties

Confidently generate SoD reports to address audit and compliance (ICFR/SOX) requirements.

Automate user access reviews and certifications

Automate user access review workflows to ensure access is authorized by business process owners and meet audit and compliance requirements.


Continuously monitor user activity with AI

Monitor changes to critical configurations

Automate monitoring of changes to critical configurations to identify unauthorized or suspicious changes.

Audit transactions to identify fraud, error, and policy violations

Evolve from sampling to continuous monitoring of financial transactions to ensure complete oversight.

Procure-to-pay assurance

Monitor user access and activity across procure-to-pay to help ensure process integrity. Enforce separation of duties and analyze all purchase orders, invoices, and payments.

Record-to-report assurance

Monitor user access and activity across record-to-report to maintain the integrity of processes. Enforce separation of duties and analyze all subledger transactions, period close adjustments, and manual journal entries.

Order-to-cash assurance

Monitor user access and activity across order-to-cash. Enforce separation of duties and analyze all customer orders, approved credit limits, and payment receipts.

Hire-to-retire assurance

Monitor user access and activity across the hire-to-retire process. Enforce separation of duties and analyze all payroll runs, compensation changes, and time card transactions.


Manage internal controls

Document (RCM), test, and certify controls for ICFR/SOX

Collaborate effectively on a unified repository of internal controls with intuitive assessment and certification workflows.

Streamline enterprise risk management (ERM)

Calculate risks using analysis and context models to determine the best course of action.


Product Tour—Fusion Cloud Risk Management

Welcome to Oracle Cloud Risk Management

Oracle Cloud Risk Management uses the power of data science to automate, digitize and simplify your application security and audit activities. It is a complete and fully integrated solution with tools to help you address 10 use cases from design role-based access, to enforcing security policies, monitoring user activity and transactions and reporting for audit and compliance.

Springboard

Oracle Cloud Risk Management has the same user interface, platform, upgrade cadence and security structure as Oracle Fusion Cloud ERP.

Dashboards

Review the latest high-priority access and transaction incidents. Collaborate with process owners, IT security, internal audit, and risk management and compliance to manage security, audit, and compliance activities.

Secure user access: Security by design

Visualize separation of duties (SoD) violations during implementation to inform security configuration and ensure SoD control prior to user acceptance testing (UAT) and go live. Avoid unnecessary security remediation after go live.

Secure user access: Prevent access violations

Self-service access request workflow automatically identifies access violations so you can review them before granting users’ access.

Secure user access: Automate SoD compliance reports

Automate SoD controls for compliance reporting. Report SoD analysis results with confidence and ease. Visualize SoD results in minutes to facilitate efficient remediation. Protect sensitive security data from exposure.

Secure user access: Continuously certify user access

Digitize user access reviews and certify user access to sensitive functions. Automatically route approval workflow to direct managers and process owners. Continuously certify users with high-risk access for security and audit requirements.

Automate security monitoring: Workbench or alerts

Continuously monitor and enforce user access policies to reduce security, privacy, and compliance risk. Get started quickly with prebuilt best practice rules and expand coverage by using visual workbench to build custom rules. Use built-in workflow for quick and easy exception management.

Monitor user activity: Configuration controls

Continuous monitoring of changes to critical configurations. Automate risk-based analysis of setup and master data changes. Leverage a library of best practice configuration rules. Easily add intelligence such as frequency and threshold values to audit controls of critical ERP setup and configuration data such as supplier bank accounts.

Monitor user activity: Transaction controls

Promptly identify risk and stop significant cash loss via continuous monitoring of financial transactions. Audit 100% of all payment-related transactions for a variety of risks, including redundant payments and separation of duties violations. Eliminate exposure and loss of sensitive data.

Monitor user activity: Overlay processes with controls

Enhance your Oracle Cloud ERP and Procurement processes with advanced controls to meet your obligations to ensure security, process integrity, and audit readiness.

Streamline compliance: Automate assessment workflow

Digitize and streamline internal control over financial reporting (ICFR) and audit workflows. Streamline Sarbanes-Oxley (SOX) compliance. Report and track compliance issues.

Oracle Cloud Risk Management

Centralize and digitize your enterprise-wide risk and control matrix. Build trust and transparency with embedded dashboards. Foster collaboration across your organization to build a risk intelligent culture.

Risk Management and Compliance customer successess

Learn why customers are choosing to partner with Oracle to manage risk and compliance.

"We process a huge number of transactions every day, and it would be impractical to review each and every one for error or fraud. Oracle Cloud Risk Management automates this process and helps us create a culture of continuous monitoring with advanced access controls, advanced financial controls, and financial reporting compliance."

—Rich Christensen, SVP and Chief Accounting Officer, TrueBlue

Risk Management and Compliance benefits

Secure ERP access privileges and data

Protect against fraud and error by continiously monitoring transactions and sensitive ERP data with AI technology.

Ensure audit ready processes

Reduce audit expenses by designing secure ERP roles before the system goes live.

Automate risk and compliance activities

Reduce compliance fatigue and save hours of manual effort with easy-to-use workflows and reporting tools.

Build a risk-intelligent culture

Focus on proactive risk management to engage your broader organization in identifying risks and responding with agility.

Read risk management use cases (PDF)

Resources

readiness

Cloud update readiness and product documentation

Want to know what’s new in Oracle Cloud? Check out the Cloud Update Readiness section for updates, documentation, and tutorials.

Community

Collaborate with Oracle and our customers

Join our premier online cloud community to share best practices, chat with product experts, collaborate with your peers, and post ideas for new product features.

learning

Expand your knowledge

Learn how to use Oracle Cloud ERP to manage accounting, projects, procurement and risk.

Discover Enterprise Risk Management

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