Oracle has announced the expansion of its governance, risk, and compliance (GRC) applications to help companies manage multiple GRC initiatives across the enterprise.
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A new application suite manages compliance initiatives in heterogeneous environments, and provides increased security through automated, pre-defined ERP controls.
It is also designed to provide greater visibility through expanded GRC intelligence.
The Oracle GRC application suite combines the heterogeneous compliance and content management capabilities Oracle acquired from its Stellent acquisition. The solution is also combined with Oracle Business Intelligence technology.
The Oracle GRC application suite is built on Oracle’s database offering and its Oracle Fusion Middleware.
For financial compliance, the suite includes support for international financial regulations, including OMB A-123 in the US, Multilateral Instrument 52-109 in Canada, JSOX in Japan, KSOX in South Korea, and the Turnbull Report in the UK.
Oracle’s GRC platform also spans critical security technologies, covering identity management, data encryption and label-based security.
It also supports enterprise change management, consolidated and secure data audit and content, and records management capabilities to categorise, store, retain and manage critical GRC information.
How to use compliance as an opportunity to improve processes
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