Use Financial Reporting Compliance Cloud Service to optimize controls within and outside your financial processes using an integrated solution as part of your Oracle ERP Cloud deployment. Insight Driven – Improve financial oversight for effective, risk-aware business decisions and culture; Strategic – Leverage compliance to find and fix process issues across all business functions; Ultra-Efficient – Reduce manual effort and errors by automating labor-intensive tasks. In-Control and Compliant – Demonstrate that controls are enforced, known risks are controlled, and emerging risks are mitigated.
Stay Up to Date: Establish and update your risk and controls matrix, control test plans, and instructions Rationalize Controls: Map hierarchies for mandates (SOX, etc), frameworks (COSO, COBIT etc), processes, risks, objectives, legal entities, etc. Improve Decision Making: Identify and document business risks in a unified repository
Optimize for Efficiency: Plan assessments based on geography, business unit, and compliance requirements Ensure Timely Assessments: Automate periodic or ad-hoc control testing (assessments), risk assessments, or surveys Simplify Reporting: Capture and store all test results, evidence, and comments in a single repository
Detect Critical Issues: Allow user to create issues as part of the assessment flow Notify Stakeholders Promptly: Automatic email notification sent to issue owners and approvers Certify with Confidence: Create and update remediation plans and tasks, and certify controls (SOX 302, 404 etc.)