CLOSE
CLOSE
https://www.sikich.com

Quick Path

Understanding Oracle Risk Management and Compliance (RMC)

Oracle Risk Management is a key module within Oracle Fusion Cloud ERP, designed to assist organizations in managing risk and meeting compliance and privacy requirements. This module enables users to automate risk analysis, perform continuous monitoring, and control ERP security, configurations, and transactions.

Key Benefits:

  • Identify violations in access, configuration, and transactional controls
  • Identify and resolve SOD conflicts
  • Decrease time to complete audit cycle
  • Leverage risk management to assess business processes and controls more efficiently
  • Empower internal audit to prepare organization for external audit
  • Leverage detective and preventative tools to prevent fraud

Harness the power of Oracle Risk Management to mitigate risk, manage risk and compliance processes, minimize audit findings, and boost transparency, collaboration, and accountability within your organization, all through one connected cloud system.

More information on Oracle Risk Management and Compliance.

Transforming Risk Management with Sikich’s Unique Approach

At Sikich, we combine our extensive audit and Oracle technology expertise to support clients across various industries to offer an unmatched and superior risk management experience. Our team consists of specialists with years of experience working in industry, who are dedicated to listening, designing, and executing top-tier Oracle RMC implementations and enhancements for our clients.

Oracle Risk Advisory Consulting Offerings

Discover how Sikich transforms risk management and compliance with Oracle RMC through our innovative advisory consulting services. Our specialized experts guide you in optimizing and enhancing your Oracle RMC instance, ensuring top-notch risk compliance and strategic advantage.

our RMC Offerings

Implementation of Oracle RMC

Seamlessly integrate Oracle RMC into your operations.

Optimization of Oracle RMC

Maximize the efficiency and effectiveness of your existing Oracle RMC

Tailored Strategies and Roadmaps

Develop customized solutions for risk assessment, security, internal controls, and regulatory compliance

Key Focus Areas

  • Risk Assessment: Evaluate effectiveness of your risk management processes
  • Critical Configuration & Transaction Controls: Ensure your system configurations and transactions are secure and compliant
  • SOD Controls & Security Design: Design segregation of duties controls and robust security measures
  • Full Oracle Audit Compliance Package: Complete assessment and enhancement of your current control environment, providing tailored recommendations and detailed reports on user roles and permissions. It includes optimizing approval workflows, implementing advanced access and financial controls, redesigning security roles, automation of configuration controls and digitization of your control list for improved financial reporting compliance.

Elevate your risk compliance with Sikich’s expert Oracle Risk Management and  advisory consulting, where innovation meets strategy.

Why Choose Oracle RMC?

As companies grow, managing risks without a centralized system becomes challenging. Oracle Risk Management Cloud simplifies risk monitoring by providing immediate insights. It supports financial reporting, operational audits, internal control reviews, enterprise risk management, and fraud assessments with a digitized control repository and automated access control testing, aligning stakeholders and streamlining risk monitoring through built-in data analysis.

The Value of Oracle Risk Management and Compliance

Simplified Processes

Streamline risk and compliance workflows with built-in user access reviews, certifications, and a unified internal controls repository.

Automated Analysis

Automate security and transaction data analysis to detect SOD violations, fraud, errors, and policy breaches.

Rapid Deployment

Implement best practice controls with prebuilt algorithms for continuous monitoring of high-risk areas within hours.

Efficient Data Compilation

Reduce time spent on data compilation and enhance the completeness of reviews.

Self-Service Access

Minimize external audit time with self-service Oracle access, allowing auditors to independently retrieve necessary information.

Business Goals Achieved using Oracle Risk Management and compliance

  • Enhanced Risk Awareness: Gain a comprehensive view of potential risks and vulnerabilities within your ERP system
  • Improved Collaboration: Foster better collaboration across teams with transparent risk management processes
  • Greater Accountability: Ensure accountability through detailed audit trails and automated compliance checks
  • Cost Efficiency: Achieve significant reductions in audit fees and time spent on data management