Overview

Oracle Risk Management is a module within Oracle Fusion Cloud ERP to manage risks and meet compliance and privacy mandates (SoD, SOX, GDPR, etc.). Oracle Risk Management subscribers can automate analysis, monitoring and control of ERP security, configurations and transactions. Oracle Risk Management uses modern data science and AI techniques to help design secure roles, resolve SoD conflicts, monitor sensitive configurations, and detect suspicious transactions to protect against payment fraud and error. Oracle Cloud ERP users can use these AI-driven risk analysis tools to accelerate implementations, anticipate ERP risks, provide actionable insights, simulate and track remediation solutions, and streamline compliance. Oracle Risk Management simplifies risk and compliance processes to promote risk awareness, collaboration, transparency and accountability. Organizations can automate security and transaction data analysis for SoD, fraud, errors, and policy violations. Within hours, customers can rapidly deploy best practice, controls with prebuilt algorithms, for continuous monitoring of targeted high-risk areas. Secure role design Poorly designed roles are the #1 reason for audit findings after go-live. Oracle Advanced Access Controls helps design secured roles to jump-start security configuration for your ERP implementation. It automates privilege-level security analysis while configuring Job Roles avoiding expensive redesign, rework and delays in ERP implementation, associated with discovering SOD violations during testing, rollout or worse, as an audit finding. With a library of 100+ best practice security, access and privacy controls, it can be up and running in a few easy steps. Deep SOD analysis Enforcing SOD compliance requires a detailed analysis of all functions and data that are accessible to each user. Oracle Risk Management is powered by an AIdriven analytical engine that scans thousands of access paths & access privileges for each user. It is the only solution that fully describes a user's access at the most granular levelOracle Risk Management provides a library of ready-to-use controls for high-risk business processes, for example, AP, AR, GL, Payroll, Compensation, etc. and an intuitive workbench to visualize conflicts and simulate remediation. After go-live, organizations can continuously monitor access policies throughout their ERP life cycle: while on-boarding new users, changing role assignments, or designing new roles. Using the graphical workbench, they can easily update access controls to keep up with changing processes and role definitions

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