I had an
interesting chat with one of our Oracle partners the other day because he told
me about some of the novel and creative ways Oracle customers are using their
advanced financial control solutions. In particular, how companies are using
advanced financial controls to ensure their business processes are complying
with corporate policies.
This raised an
intriguing question whether the lack of policy compliance is a serious problem or not.
I then spoke with one of my colleagues on our sales team and learned that all too
often their prospective customers have significant challenges in this area. One problem is that as policy compliance gaps increase, companies have to divert more
resources from running the business to enforcing policies through such manual
controls as developing and reviewing reports.
advanced financial controls in Oracle GRC can help enforce corporate policies,
without slowing down businesses. By continuously monitoring configurations and
transactions for exceptions and anomalies, advanced financial controls can
significantly close the policy compliance gap.
If you have any
examples how you are using your advanced control solutions to close the policy
compliance gap, please share them with our community. Or if you have current
business challenges in this area and would like to learn more about how Oracle
can help, post your comments and I will respond with my thoughts.
Also, here are a couple of new documents you might find
interesting and that are available on Oracle.com:
· Solution Brief: Oracle
Advanced Financial Controls
· White Paper: Optimize
the Procure-to-Pay process with Advanced Financial Controls