Risk Management and Compliance use cases
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.
Automate monitoring
and control of user access
1. 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.
2. 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.
3. Monitor and report sensitive (restricted) access
Identify users who have been granted sensitive access privileges and data to report, certify, or remove.
4. Monitor and report separation of duties
Confidently generate SoD reports to address audit and compliance (ICFR/SOX) requirements.
5. 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
1. Monitor changes to critical configurations
Automate monitoring of changes to critical configurations to identify unauthorized or suspicious changes.
2. Audit transactions to identify fraud, error, and policy violations
Evolve from sampling to continuous monitoring of financial transactions to ensure complete oversight.
3. 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.
4. 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.
5. 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.
6. 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
1. Document (RCM), test, and certify controls for ICFR/SOX
Collaborate effectively on a unified repository of internal controls with intuitive assessment and certification workflows.
2. Streamline enterprise risk management (ERM)
Calculate risks using analysis and context models to determine the best course of action.
Risk Management
and Compliance benefits
1. Secure ERP access privileges and data
Protect against fraud and error by continiously monitoring transactions and sensitive ERP data with AI technology.
2. Automate risk and compliance activities
Reduce compliance fatigue and save hours of manual effort with easy-to-use workflows and reporting tools.
3. Ensure audit ready processes
Reduce audit expenses by designing secure ERP roles before the system goes live.
4. Build a risk-intelligent culture
Optimize crew productivity by ensuring all constraints are addressed, managed, and removed. The Oracle solution includes the native integration between Primavera Unifier and Primavera scheduling solutions. End-to-end work package management is aligned with schedule, 3D model, and ERP in one integrated solution to identify, visualize, and manage constraints, expedite review cycles, and ensure that installation work packages (IWPs) are released free of constraints.
