Deeper insights for greater strategic value: Oracle Advanced Controls (GRC) Study

May 2014
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Deeper insights for greater strategic value: Oracle Advanced Controls (GRC) Study

At a glance

GRC Technology has become an increasingly critical factor for driving value (i.e., recovering profitability, increasing efficiency, detecting fraud, etc.) and automating manual compliance and risk management activity in the enterprise. Organizations have increased their adoption of Oracle Advanced Control (“AC”) to improve the oversight of corporate governance, including financial reporting compliance, enterprise risk management (ERM), and related audits. To better understand organizations’ awareness and how organizations are using (or considering using) Advanced Controls technology to drive value in an enterprise, PwC conducted an Oracle Advanced Controls study.

With recent headlines and legislation, there is an increased focus on risk management and improving regulatory compliance. Additionally, technology has become an increasingly critical factor for driving value (i.e., recovering profitability, increasing efficiency, detecting fraud, etc.) and automating manual compliance and risk management activity in the enterprise. Organizations have increased their adoption of Oracle Advanced Control (“AC”) to improve the oversight of corporate governance, including financial reporting compliance, enterprise risk management (ERM), and related audits.

Most organizations have started by using Advanced Controls technology as a controls repository and for security automation in segregation of duties and user provisioning. We have seen a trend, more recently, where organizations are expanding their investment in Advanced Controls technology to achieve end-to-end, enterprise-wide compliance and risk management with real-time monitoring.

To better understand organizations’ awareness and how organizations are using (or considering using) Advanced Controls technology to drive value in an enterprise, PwC conducted an Oracle Advanced Controls study. This paper highlights several themes and trends that were apparent.