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Delivering Enterprise Value with Oracle Governance, Risk and Compliance Svetlana Loncarevic & Brian Amato Oracle 16 th  August 2010 The most comprehensive Oracle applications & technology content under one roof
Agenda ,[object Object],[object Object],[object Object],[object Object]
A History Lesson Enron - $11Billion  Coles Myer - $4.26M Societe Generale - €6.3B HIH - $5.3Billion collapse
And Even Today… ,[object Object],[object Object],[object Object],[object Object]
Numerous Risks Confront Business INFORMATION MANAGEMENT Document Retention / Records Mgt Electronic Data Management Information Security Information Privacy E-COMPLIANCE Electronic Info, E-mail and Postings Internet Security Internet Privacy ETHICS Conflicts of Interest Ethical Decision-Making Gifts & Gratuities Respectful Conduct INTELLECTUAL   PROPERTY Copyright Trademark Patent INTERNATIONAL TRANSACTIONS Foreign Negotiation & Sales Export Controls Economic Embargoes Global Trade & Competition CORPORATE GOVERNANCE Board Structure & Processes Audit Committee Structure & Processes WORKPLACE HEALTH & SAFETY PRODUCT QUALITY & LIABILITY FRAUD & CORRUPTION Insider Transactions Money Laundering Foreign Negotiation and Sales Revenue and Expense Recognition INDUSTRY SECTORS Pharmaceutical Financial Services Automotive Utilities Oil & Gas and more... ENVIRONMENTAL Hazardous Material Handling Environmental Reporting Permit Management EMPLOYMENT Ant-Discrimination / Accommodation Anti-Harassment Benefits Compensation Contingent Workforce Employee Privacy Executive Compensation Global Mobility / Immigration Hiring / Retention
Companies will spend $29.8B on Governance Risk and Compliance activities in 2010, up 3.9%.
Burden Stems from Core Challenges Finance Business  Assessment/ Audit Groups IT Security/Risk  Management C1b C2b C3b C5b C6b C7b C9b C10b C11b R1 R2 R3 R1 R2 R3 R1 R2 R3 C1c C2c C3c C5c C6c C7c C9c C10c C11c C1a C2a C3a C5a C6a C7a C9a C10a C11a Challenge:   Multiple Requirements, Fragmented Response Challenge: No Proactive Risk Management Challenge: Ad-hoc Approach with Manual Controls GRC Business Processes Risk React
Smart Strategies to Manage Risk & Compliance Solution: Consolidate multiple standards and regulations onto a single platform Solution: Manage risk in a disciplined & consistent fashion ,[object Object],[object Object],R1 R2 R3 C1 C2 C3 C5 C6 C7 C9 C10 C11 Business Process Governance Risk & Compliance Regulation  A Standard  C Risk  B
Through 2010, companies that select individual solutions for each regulatory challenge they face will  spend 10 times more …than companies that take a proactive and more integrated approach.
Oracle Integrated Governance, Risk & Compliance Custom, Legacy, … Across Functional Boundaries Throughout the Processes In the Technology Budgeting O2C P2P Logistics Financial Close
Oracle Governance, Risk and Compliance Suite ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],GRC Intelligence Executive Dashboards KRIs and KPIs Ad-Hoc Analysis GRC Manager Enterprise Risk Management Compliance Management Remediation Management GRC Controls SOD & Access Application Configuration Transaction Monitoring Custom or Legacy Applications Preventive Controls
Governance Risk & Compliance  Intelligence ,[object Object],[object Object],[object Object],Timely Access to Information / Better Decisions Monitor All Open Issues Investigate Troubling KPIs Configure Risk & Control KPIs Review GRC Dashboards GRC REPORTING & ANALYSIS GRC Manager GRC Intelligence GRC Controls
Enterprise Governance Risk & Compliance Manager ,[object Object],[object Object],[object Object],Manage Risk and Compliance Across the Enterprise Certify and Publish Remediate and Optimize Test Controls and Analyze Exceptions Assess Scope Based on Risk Document Risk and Control Matrix Risk and Compliance Process GRC Manager GRC Intelligence GRC Controls Standards & Mandates Controls Risks Risks
Application Access Controls Governor Enforce Proper Segregation of Duties in Applications ,[object Object],[object Object],[object Object],GRC Manager SOD & Access Application Configuration Transaction Monitoring GRC Intelligence GRC Controls Compensating Policies Preventive Provisioning Remediation (Clean-up) Access Analysis Define Access Controls Detection Prevention GRC Manager SOD & Access Application Configuration Transaction Monitoring GRC Intelligence GRC Controls Preventive Controls
Configuration Controls Governor Ensure Integrity of Critical Application Setups ,[object Object],[object Object],[object Object],GRC Manager SOD & Access Application Configuration Transaction Monitoring GRC Intelligence GRC Controls Manage Data Integrity Enforce Change Control Monitor Configuration Changes Document or Compare Configurations Define Configuration Controls Detection Prevention GRC Manager SOD & Access Application Configuration Transaction Monitoring GRC Intelligence GRC Controls Preventive Controls
Transaction Controls Governor Identify Inaccurate or Fraudulent Transactions ,[object Object],[object Object],[object Object],[object Object],GRC Manager SOD & Access Application Configuration Transaction Monitoring GRC Intelligence GRC Controls Detection Prevention Preventive Transaction Controls Review and Address Suspects Perform Transaction Analysis Define Transaction Controls Preventive Controls GRC Manager SOD & Access Application Configuration Transaction Monitoring GRC Intelligence GRC Controls Preventive Controls
Preventive Controls Governor  Enforce granular controls conditionally ,[object Object],[object Object],[object Object],[object Object],[object Object],GRC Manager SOD & Access Application Configuration Transaction Monitoring GRC Intelligence GRC Controls Prevention Enforce LOVs  &  Field Attributes Add Messages  &  Default Values Add Navigation &  Extend Forms Secure & Audit Fields Add Approval Workflows Preventive Controls
Preventive Controls Governor  Enforce Controls & Proactive Change Management ,[object Object],[object Object],[object Object],Prevention Enforce Field Validation Proactive Change Management Prevent Read/Write Access Define Preventive Controls Review  Audit Reports GRC Manager SOD & Access Application Configuration Transaction Monitoring GRC Intelligence GRC Controls Preventive Controls
The Oracle Difference  Enterprise Governance, Risk & Compliance Platform Leader* 3 Role-Based Dashboards Provide Real Time Insight 2 1 One Platform Satisfies   Multiple Regulations GRC Controls Integration Enforces Policy Controls *Source:  1 Gartner Magic Quadrant for Enterprise Governance Risk Compliance Platform, 2009 2 Gartner Magic Quadrant for Continuous Controls Monitoring, 2010 3 Gartner Magic Quadrant for Business Inteligence Platform, 2010 Financial  Reporting Green Compliance Data Privacy R1 R2 R3 C1c C2c C3c C5c C6c C7c C9c C10c C11c Policy
Oracle Helps Reduce Compliance Costs and Control Risk Reduces controls testing by  65% Cuts Segregation  of Duties audit from  2 months  to  2 days Reduces audit preparation time  by  25% Saves  $1 million   by avoiding customizations Access Controls pass rate improved by  27% Reporting time reduced from  4 days to minutes Testing costs reduced by  30% User role violations reduced by  90%
Tell us what you think… ,[object Object]

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In sync10 grc_suite

  • 1. Delivering Enterprise Value with Oracle Governance, Risk and Compliance Svetlana Loncarevic & Brian Amato Oracle 16 th August 2010 The most comprehensive Oracle applications & technology content under one roof
  • 2.
  • 3. A History Lesson Enron - $11Billion Coles Myer - $4.26M Societe Generale - €6.3B HIH - $5.3Billion collapse
  • 4.
  • 5. Numerous Risks Confront Business INFORMATION MANAGEMENT Document Retention / Records Mgt Electronic Data Management Information Security Information Privacy E-COMPLIANCE Electronic Info, E-mail and Postings Internet Security Internet Privacy ETHICS Conflicts of Interest Ethical Decision-Making Gifts & Gratuities Respectful Conduct INTELLECTUAL PROPERTY Copyright Trademark Patent INTERNATIONAL TRANSACTIONS Foreign Negotiation & Sales Export Controls Economic Embargoes Global Trade & Competition CORPORATE GOVERNANCE Board Structure & Processes Audit Committee Structure & Processes WORKPLACE HEALTH & SAFETY PRODUCT QUALITY & LIABILITY FRAUD & CORRUPTION Insider Transactions Money Laundering Foreign Negotiation and Sales Revenue and Expense Recognition INDUSTRY SECTORS Pharmaceutical Financial Services Automotive Utilities Oil & Gas and more... ENVIRONMENTAL Hazardous Material Handling Environmental Reporting Permit Management EMPLOYMENT Ant-Discrimination / Accommodation Anti-Harassment Benefits Compensation Contingent Workforce Employee Privacy Executive Compensation Global Mobility / Immigration Hiring / Retention
  • 6. Companies will spend $29.8B on Governance Risk and Compliance activities in 2010, up 3.9%.
  • 7. Burden Stems from Core Challenges Finance Business Assessment/ Audit Groups IT Security/Risk Management C1b C2b C3b C5b C6b C7b C9b C10b C11b R1 R2 R3 R1 R2 R3 R1 R2 R3 C1c C2c C3c C5c C6c C7c C9c C10c C11c C1a C2a C3a C5a C6a C7a C9a C10a C11a Challenge: Multiple Requirements, Fragmented Response Challenge: No Proactive Risk Management Challenge: Ad-hoc Approach with Manual Controls GRC Business Processes Risk React
  • 8.
  • 9. Through 2010, companies that select individual solutions for each regulatory challenge they face will spend 10 times more …than companies that take a proactive and more integrated approach.
  • 10. Oracle Integrated Governance, Risk & Compliance Custom, Legacy, … Across Functional Boundaries Throughout the Processes In the Technology Budgeting O2C P2P Logistics Financial Close
  • 11.
  • 12.
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  • 14.
  • 15.
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  • 17.
  • 18.
  • 19. The Oracle Difference Enterprise Governance, Risk & Compliance Platform Leader* 3 Role-Based Dashboards Provide Real Time Insight 2 1 One Platform Satisfies Multiple Regulations GRC Controls Integration Enforces Policy Controls *Source: 1 Gartner Magic Quadrant for Enterprise Governance Risk Compliance Platform, 2009 2 Gartner Magic Quadrant for Continuous Controls Monitoring, 2010 3 Gartner Magic Quadrant for Business Inteligence Platform, 2010 Financial Reporting Green Compliance Data Privacy R1 R2 R3 C1c C2c C3c C5c C6c C7c C9c C10c C11c Policy
  • 20. Oracle Helps Reduce Compliance Costs and Control Risk Reduces controls testing by 65% Cuts Segregation of Duties audit from 2 months to 2 days Reduces audit preparation time by 25% Saves $1 million by avoiding customizations Access Controls pass rate improved by 27% Reporting time reduced from 4 days to minutes Testing costs reduced by 30% User role violations reduced by 90%
  • 21.

Notas del editor

  1. Sonya Causer - Employee steals $20 million from Clive Peeters. The payroll manager of troubled whitegoods and electrical retailer Clive Peeters has admitted she used $20 million in company funds on a spending spree, buying more than 40 properties in the past 18 months. Theresa Lawson - was sentenced to a minimum of four years in jail last Friday for taking almost $2.7 million from her employer - money she claimed she gambled in poker machines in local clubs. She often gambled at St Marys Band Club - of which she was also a director - and more than 90 per cent of all the club's pokie payouts went to her. The club denies the claim. In evidence to the court, Lawson denied hiding or investing any money, saying she had spent about $2.5 million on gambling in three years. The Herald reported on Saturday that Lawson worked as a clerk in the payroll office at Woolworths Supermarkets. She had pleaded guilty to 19 counts of embezzlement and was sentenced to seven years' imprisonment, with a minimum term of four years. Phil Green – CEO of Babcock and Brown Mark McInnes – Resigned as CEO and now defending sexual harassement allegations. Mr McInnes repeated that he will “vigorously defend” the $37 million sexual harassment case launched by a former employee. Brand reputation could be impacted as well as non compliance of internal code of ethics highlighted.