Governance, Risk, and Compliance (GRC) is an industry term that reflects a new platform from which organizations can launch an integrated approach to these three key areas. Extending far beyond the management of individual business activities, GRC encompasses multiple overlapping and related activities within an organization. From internal audits and Sarbanes-Oxley compliance initiatives to risk and incident management, GRC enables organizations to optimize their business processes to become both compliant and efficient.
Oracle GRC Applications are a powerful foundation for sustainable, consistent, and efficient risk and compliance management. The impending need for implementing an effective GRC strategy stems from multiple sources, including company mergers, interconnected software from multiple vendors, and a greater need for data protection than ever before.
Are you concerned about the potential for malicious manipulation of your sensitive data? Are you looking for a solution that handles workflow processes across the continuum? Would you like to smooth out your business processes and eliminate both paper and offline systems? Oracle GRC is your proactive solution for today's dynamic Governance, Risk, and Compliance requirements.
Governance
Diagnose existing system deficiencies (i.e., incorrect initial configurations).
Identify areas where controls are weak and fix them.
Prevent and detect control violations in real-time through continuous controls monitoring.
Show users how to do something right and then verify that they are executing processes properly.
Reduce IT support issues.
Redefine what qualifies as a priority in your day (i.e., instead of putting out fires, call on your customers).
Risk
Eliminate paper and manual hand-offs, lowering your security risks.
Protect Personal Identification Numbers (i.e., Social Security numbers, dates of birth, etc.)
Safeguard payment card information (i.e., transaction data such as debit cards, credit cards, personal checks, and store returns)
Provide only the relevant information that enables employees to effectively perform their jobs without needlessly exposing sensitive data (i.e., salaries, product data, shipping locations, etc.)
