Oracle Risk Management Cloud
As an extension to the Oracle cloud solutions in ERP, the Risk Management Cloud enables the operational implementation of Governance, Risk Management, and Compliance strategies in the ERP system. Based on the Financial Reporting Cloud Service, the Financial Reporting Compliance Cloud offers a solution that serves as a robust and flexible tool for corporate controlling to automate and control governance and compliance requirements in financial processes.
Thanks to pre-testing and control routines, governance and compliance violations are prevented in advance or detected early. Thus, risks are identified and assessed; in the event that they do happen, workflows are defined in order to inform the persons responsible and to launch relevant processes.
Currently the Risk Management Cloud includes the following modules:
- Financial Reporting Compliance Cloud
The Financial Reporting Compliance Cloud Service is used to optimize and automate labor-intensive tasks in the context of Sarbanes-Oxley Compliance (SOX), in compliance with the dual-control principle and further governance requirements. Integrated with the Oracle ERP Cloud, sensitive data can be protected and the necessary use of external spreadsheets, e-mails and documents in case of manual operation can be minimized.
For more information, please visit Oracle Risk Management Cloud.