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.
Thankfully 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