Oracle Fusion Cloud Risk Management and Compliance 25A -What’s New ?

Oracle Risk Management and Compliance 25A is designed to help you identify and resolve risks in your business processes. It continuously monitors user access for separation of duties and sensitive access, automates role certification, and detects policy violations in transactions and changes to audited configuration and operational data.

Here are some key features:

• Financial Reporting Compliance: Specify processes, define risks, devise controls, review or approve objects, resolve issues, assess objects, conduct surveys, and view reports.

• Advanced Access Requests: Request ERP role assignments, use dashboards, request a role, review requests, approve requests.

• Advanced Controls: Synchronize data for transaction analysis, synchronize global users, import and export models, controls, and global conditions, create access models and view results, manage access entitlements, manage access global conditions, create user-defined access points, create transaction models and view results, manage imported, user-defined, and system-generated objects, deploy controls, resolve incidents, visualize access incidents, simulate access incident resolutions, view reports, create provisioning rules.

• Access Certification: Understand access certification, initiate certification projects, complete certification projects.

• Risk Analysis: This feature helps in identifying and analyzing potential risks across various business processes. You can create risk models, assess the likelihood and impact of risks, and implement mitigation strategies to reduce potential threats.

• Continuous Monitoring: With continuous monitoring capabilities, you can automate the tracking of user access, transactions, and changes to critical data. This helps in detecting anomalies and suspicious activities in real-time, enabling you to take immediate action.

• Incident Management: Oracle Risk Management and Compliance 25A includes a robust incident management system that allows you to track and resolve security incidents. You can create incident reports, assign tasks to team members, and monitor the progress of incident resolution.

• Policy Management: This feature enables you to define and enforce policies across your organization. You can create policy documents, distribute them to relevant stakeholders, and track compliance with the established policies.

• Audit Management: Oracle Risk Management and Compliance 25A simplifies the audit process by providing tools for planning, executing, and documenting audits. You can create audit plans, assign audit tasks, and generate audit reports to ensure compliance with regulatory requirements.

• Control Assessments: With control assessments, you can evaluate the effectiveness of existing controls and identify areas for improvement. This feature allows you to create control assessment plans, conduct assessments, and document findings.

EnchantApps Oracle Cloud experts can help you with your 25A Upgrade and testing. We are here to ensure that Oracle Cloud quarterly updates do not impact your business processes. Contact us for more details.