Introduction - Governance, Risk, and Compliance Topic for Oracle Applications - page 5

Financial Planning and Analysis
This tool is used to convert the mission of the enterprise into financial goals,
forecasts that can be discussed with investors through the management
)discussion, and analysis.
Consolidations and Financial Reporting
This set of tools is used to report to investors the progress toward the goals
expressed in the financial plan.
Learning
This tool is used to ensure delivery of ethics and policy education and confirm
their understanding.
Risk Management Applications
This tool is used to discover and document risks to the mission of the enterprise,
and to ensure that management has well-designed and effective operating controls
to mitigate those risks. Such tools cover the following:
• Access Controls Governor : To ensure that appropriate access is granted
to systems.
• Transaction Controls Governor : To ensure that transaction policies are
followed and fraudulent transactions found.
• Configuration Controls Governor : To ensure that recommended settings
of the applications that themselves constitute great automated controls are
appropriately configured and that changes are authorized and recorded.
• Preventive Controls Governor : To extend the controls footprint of the
delivered application.
• Oracle Enterprise Manager : Enterprise Manager also has great capabilities
to extract configuration settings and measure them against baseline.
The settings that are tracked within EM by default tend to be deeper
technical settings.
• GRC Manager : To provide self assessment, testing operations, and to
aggregate the results of the documentation and testing phases of the
governance program for managers of the risk assurance activity.
• GRC Intelligence : To provide the most potent and important information
to the executive suite and directors on the residual risk to the enterprise.