Database Reference
In-Depth Information
Managing regional compliance using
Oracle GRC Manager
The InFission Compliance department has built an integrated compliance platform
using Oracle GRC Manager. This platform enables the firm to support all regional
compliance requirements, provide central reporting and management, and replace
error-prone spreadsheets that cannot provide a global view of compliance risks the
company faces in each region.
Oracle GRC Manager provides reports and management dashboards on
consolidated compliance data across all regional operations with the ability to
drill down into each region. Managers are able to track critical issues in real time
and make decisions based on complete, consistent, and current information. This
integrated controls monitoring
capability helps InFission reduce compliance
risks by shortening the cycle time between the occurrence of an issue (control
failure, fraud incident, and so on) and its remediation actions. It allows issues to be
detected quickly and dealt with in a timely manner, and provides better visibility
on compliance risks across different mandates and methods of mitigation. Failures
can be treated individually, as well as aggregated to track areas of weakness and to
implement remediation more efficiently.
Setting up Financial Governance module
InFission has configured the Financial Governance module in Oracle GRC Manager
to comply with all regional regulations for financial reporting. The following figure
identifies the steps that InFission has followed to enable GRC Manager to support
regional compliance needs:
Configure
Objects
Setup Content
Type
Update
Lookup Tables
Create User
Defined Attributes
Setup
Perspectives
Setup User
Profiles
Load Data
The Financial Governance module includes the following objects:
• Process
• Risk
• Event
• Consequence
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