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.
Ensure that access policies, including separation of duties, are enforced in role design as well as user provisioning with preventive and detective methods.
Highly privileged IT users have broad access for activities that require their attention, expertise, and skills. Ensure that such privileges are used as needed, regularly monitored, and not abused.
Certain business analyst users have broad, superuser access to facilitate manipulation of configurations, setups, and master data. Because of their deep functional and process knowledge, it makes sense to give these users broad access can be very powerful—provided safeguards are in place to monitor for unusual activity, such as error or misuse.
In an increasingly automated world, there are many processes that use aliases, APIs, and automated interfaces. Ensure that all nonhuman interfaces are scrutinized, adequately tested, certified, and monitored for changes and updates.
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.
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.
Identify users who have been granted sensitive access privileges and data to report, certify, or remove.
Confidently generate SoD reports to address audit and compliance (ICFR/SOX) requirements.
Automate user access review workflows to ensure access is authorized by business process owners and meet audit and compliance requirements.
Automate monitoring of changes to critical configurations to identify unauthorized or suspicious changes.
Evolve from sampling to continuous monitoring of financial transactions to ensure complete oversight.
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.
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.
Monitor user access and activity across order-to-cash. Enforce separation of duties and analyze all customer orders, approved credit limits, and payment receipts.
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.
Collaborate efficiently and effectively to design, document, and assess internal controls, using a risk-based approach and a unified repository for your internal controls.
Ensure strong internal controls and audit readiness. Automate periodic testing and certification of controls with intuitive workflows.
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.
Oracle Cloud Risk Management has the same user interface, platform, upgrade cadence and security structure as Oracle Fusion Cloud ERP.
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.
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.
Self-service access request workflow automatically identifies access violations so you can review them before granting users’ access.
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.
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.
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.
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.
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.
Enhance your Oracle Cloud ERP and Procurement processes with advanced controls to meet your obligations to ensure security, process integrity, and audit readiness.
Digitize and streamline internal control over financial reporting (ICFR) and audit workflows. Streamline Sarbanes-Oxley (SOX) compliance. Report and track compliance issues.
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.
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
Protect against fraud and error by continiously monitoring transactions and sensitive ERP data with AI technology.
Reduce audit expenses by designing secure ERP roles before the system goes live.
Reduce compliance fatigue and save hours of manual effort with easy-to-use workflows and reporting tools.
Focus on proactive risk management to engage your broader organization in identifying risks and responding with agility.
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