Oracle GRC solutions can help reduce fraud risk and compliance costs. The solutions provide integrated governance, risk, and compliance management with continuous monitoring capabilities. This allows for timely information to support better decision making, reduced audit costs through automation, and improved protection of sensitive information. Oracle GRC solutions stabilize costs, provide sustainable compliance, and improve governance over time. They offer pre-built controls for areas like procurement, order to cash, and financial close processes. Customized controls and workflows can also be configured to enforce access policies and modify security and data properties based on business needs.
Using oracle grc software to automate and proactively monitor your e business...bradleywstorts
The document discusses using Oracle's GRC software suite to automate controls and monitoring of an Oracle E-Business Suite. It outlines four main components: Preventative Controls Governor for controlling user access and changes, Access Controls Governor for access governance and segregation of duties, Transaction Controls Governor for reviewing transactions, and Configuration Controls Governor for monitoring changes to key configurations. Implementation lessons learned include the need for customization and cleaning up false positives. The GRC Manager and Intelligence tools are for documenting processes, risks, controls and compliance reporting.
Optimizing order to-cash (e-business suite) with GRC Advanced ControlsOracle
Mark Stebleton, Oracle GRC Advanced Controls Product Management and Daryl Geryol, Navillus Partners explain how to optimize your Order to Cash process.
Fulcrum way webinar top 10 advanced control to improve bottomline oct 22 2013actjax
This document outlines 10 common issues that advanced controls can help address to improve the bottom line for accounts payable processes. It describes duplicate payments, erroneous charges, late payments, tax errors, purchase order problems, missed discounts, early payments, and travel and entertainment expenses as issues that advanced controls can detect and prevent. The controls help identify errors and anomalies to reduce overpayments to suppliers and improve cash flow.
The document discusses Oracle iProcurement, which aims to centralize purchasing controls while decentralizing purchasing execution through self-service. It allows enabling procurement policy-based purchasing, supporting requests for all goods and services through a single entry point. It provides a productive user interface for requesters with tools to streamline purchasing. It also discusses self-service receiving to improve payment accuracy through three-way matching.
Oracle iProcurement and Services Procurement enable self-service procurement and spending control. iProcurement allows employees to place orders from catalogs while enforcing spending policies. It streamlines ordering, controls spending, and reduces procurement costs. Services Procurement provides controls for services spending through master agreements, timecard approval, and invoice matching to eliminate overbilling and increase visibility into services spend. Both products are part of Oracle's Advanced Procurement suite for integrated procurement of goods and services.
This document summarizes an automated invoice processing solution offered by DataBank IMX. The solution digitizes invoices upon receipt, extracts key data using optical character recognition, and verifies the data against purchase orders. This streamlines approval workflows and eliminates manual data entry. Extracted invoice images and data are delivered to clients securely overnight via FTP.
1846 Business Automation with IBM Robotic Process Automation (RPA)Allen Chan
This presentation provides an overview how we can use IBM Robotic Process Automation together with IBM Digital Business Automation platform to increase efficiency and productivity of your business through digital automation.
This document discusses leveraging Oracle iProcurement to increase cash flow by extending access to member or partner organizations. It would provide an additional revenue source and savings passed to others through combined spending power. To implement, a separate set of books and operating unit would be created with unlimited approval authority and restricted requisition views. Legal considerations around antitrust rules for consortium buying are also noted.
Using oracle grc software to automate and proactively monitor your e business...bradleywstorts
The document discusses using Oracle's GRC software suite to automate controls and monitoring of an Oracle E-Business Suite. It outlines four main components: Preventative Controls Governor for controlling user access and changes, Access Controls Governor for access governance and segregation of duties, Transaction Controls Governor for reviewing transactions, and Configuration Controls Governor for monitoring changes to key configurations. Implementation lessons learned include the need for customization and cleaning up false positives. The GRC Manager and Intelligence tools are for documenting processes, risks, controls and compliance reporting.
Optimizing order to-cash (e-business suite) with GRC Advanced ControlsOracle
Mark Stebleton, Oracle GRC Advanced Controls Product Management and Daryl Geryol, Navillus Partners explain how to optimize your Order to Cash process.
Fulcrum way webinar top 10 advanced control to improve bottomline oct 22 2013actjax
This document outlines 10 common issues that advanced controls can help address to improve the bottom line for accounts payable processes. It describes duplicate payments, erroneous charges, late payments, tax errors, purchase order problems, missed discounts, early payments, and travel and entertainment expenses as issues that advanced controls can detect and prevent. The controls help identify errors and anomalies to reduce overpayments to suppliers and improve cash flow.
The document discusses Oracle iProcurement, which aims to centralize purchasing controls while decentralizing purchasing execution through self-service. It allows enabling procurement policy-based purchasing, supporting requests for all goods and services through a single entry point. It provides a productive user interface for requesters with tools to streamline purchasing. It also discusses self-service receiving to improve payment accuracy through three-way matching.
Oracle iProcurement and Services Procurement enable self-service procurement and spending control. iProcurement allows employees to place orders from catalogs while enforcing spending policies. It streamlines ordering, controls spending, and reduces procurement costs. Services Procurement provides controls for services spending through master agreements, timecard approval, and invoice matching to eliminate overbilling and increase visibility into services spend. Both products are part of Oracle's Advanced Procurement suite for integrated procurement of goods and services.
This document summarizes an automated invoice processing solution offered by DataBank IMX. The solution digitizes invoices upon receipt, extracts key data using optical character recognition, and verifies the data against purchase orders. This streamlines approval workflows and eliminates manual data entry. Extracted invoice images and data are delivered to clients securely overnight via FTP.
1846 Business Automation with IBM Robotic Process Automation (RPA)Allen Chan
This presentation provides an overview how we can use IBM Robotic Process Automation together with IBM Digital Business Automation platform to increase efficiency and productivity of your business through digital automation.
This document discusses leveraging Oracle iProcurement to increase cash flow by extending access to member or partner organizations. It would provide an additional revenue source and savings passed to others through combined spending power. To implement, a separate set of books and operating unit would be created with unlimited approval authority and restricted requisition views. Legal considerations around antitrust rules for consortium buying are also noted.
Oracle Fusion Payables allows users to create invoices, process payments, and manage vendor transactions more efficiently. Key features include an enhanced user interface, invoice creation through scanned images, configurable dashboards, and integration of features from Oracle's other applications. The document outlines the setup and configuration options for invoices, payments, payment terms, and payment process requests in Oracle Fusion Payables.
The document provides an agenda for a presentation on ACE Financials including sections on features, architecture/data flow, clients, and modules/features. It then discusses ACE Financials key features such as automatic GL distribution, web-based plugins, POS/PMS integration, multi-country/company capabilities, and unlimited user licensing. Finally, it summarizes some of ACE Financials' modules like receivables, payables, materials, payroll, and their key features.
Robotic process automation simplifies insurance processesInfosys BPM Limited
Infosys BPM implemented a robotic process automation (RPA) solution for a leading financial services client to simplify various insurance processes. By automating repetitive manual tasks like data entry and validation, the RPA bots reduced processing time by 70% and freed up agents to focus on other work, improving productivity. The automation ensured accuracy, scalability, and improved the client's regulatory compliance and customer satisfaction.
Service Management: Unify and streamline warranty, parts, support & service p...Mize Inc.
The document summarizes a webinar on optimizing service management processes. It discusses challenges like low registration rates and excessive warranty costs. It promotes unifying and streamlining warranty, support, and service processes using integrated systems and mobile/IoT technologies. This allows simplifying experiences, removing barriers, and enhancing value across registration, warranty support, service, and parts management on a global scale.
Whether you are thinking about starting EDI, looking to merge systems or simply need a refresher course, this webinar is for you. EDI can be efficient and painless if you plan well in advance.
Accelirate Inc. (previously AutomateWork) can help you drive up productivity at lower costs using a Digital Workforce to Automate processes such as Billing, Claims, and Procurement using software robots.
Contact info@accelirate.com or accelirate.com for more information!
m-ize 10 best practices to optimize warranty managementMize Inc.
Few years ago, IDC Manufacturing Insights has introduced Warranty Management Capability Maturity Model as a framework for companies to assess current state and establish a roadmap for continuous improvement.
At the lowest levels of maturity, the warranty organization is purely reactive to quality and warranty events and is focused solely on executing transactions. When an organization reaches the higher levels of maturity, it proactively uses data from multiple sources to anticipate warranty events and it uses quality and warranty events as a means to improve learning, product quality, and supplier relationships.
m-ize team with decades of experience helping numerous companies improve their Warranty maturity has identified 10 Best practices to help companies optimize their warranty management.
Newgen offers an accounts payable automation solution that features configurable workflows, data capture, approvals, and integration with ERP systems. It addresses challenges with manual invoice processing like handling multiple invoice formats and sources. The solution provides visibility into the accounts payable process and exceptions handling. It allows processing of invoices to be paperless with imaging and receipt of invoices via email and fax. Reporting and dashboards give management oversight of key performance indicators. The solution aims to streamline invoice processing and provide controls, accountability, and reduced turnaround times.
Source to Settle and Order to Cash Process MapBob Solomon
For every Source to Settle process at a buyer's company, there is an equal and opposite Order to Cash process at a supplier's company. Interweaving and automating this interaction on both sides is the only way to remove costs from the process, rather than just shifting the burden from one "side" to another.
Welcome to HWM Technologies CC RecIT OverviewAndre Aysen
RecIT! is a reconciliation tool designed for Sage ACCPAC accounting software. It automates the reconciliation process between general ledgers and associated sub-ledgers like accounts receivable, accounts payable, and inventory. This process is currently manual and time-consuming. RecIT! identifies discrepancies between ledger entries and provides reports on reconciled and unreconciled items to help users analyze problems. It reduces the time and costs associated with reconciliation and validation work.
Many organizations still lack the ability to not only monitor, but more important, to truly manage their ECM applications. This slideshare shares how to advance ECM monitoring much further into ECM Application Management.
First, let's note a few interesting statistics and information about the changing ECM environment. According to varying statistics from Gartner, Forrester and AIIM:
74% list "improve the experience of our customers" as top business priority over the next 12 months. VS
Systems with 1000+ users created 60-150 support tickets per month
Success is measured by confident information workers and satisfied customers. VS
Majority of organizzations rely on support calls or incidents to alert them to system problems.
80% say content systems are just as critical to business operations as transactional systems.
but only 32% Have specific and measured SLAs for uptime.
and only 29% Are in a position to monitor trends over time against user loading, content volumes, geographical locations, upgrades
In addition, there is much change in the environment, including cloud, consolidation, user adoption pressures, standardization, expansion, upgrades, governance, Saas, process re-engineering and more.
That's where Reveille comes in:
Preempt issues by notifying IT about problems before your end-users are impacted.
Automate problem isolation and resolution for your business-critical content applications.
Communicate objectively your application service levels to IT and management over time.
Protect content from unwarranted behavior by employees.
Reveille's Approach is:
Comprehensive platform management + real-time user transaction management = Optimized ECM application health
The slideshow shares a product tour of Reveille's ECM application management solutions.
The document discusses moving accounts payable invoice processing from paper to electronic methods. It describes the history of invoice processing from microfilm/microfiche in 1980 to today's web-based and cloud-based solutions. The benefits of electronic invoice processing include faster payment times, lower costs, and improved visibility and controls. Various options for electronic invoice processing are presented, such as back-end scanning, front-end scanning with manual or automated workflow, and intelligent optical character recognition with automated posting to accounting systems.
The document is a checklist from BDO Consulting that provides examples of how to properly segregate duties to prevent fraud for various business processes, including cash receipts. It notes that the employee receiving cash payments should not record payments or reconcile bank accounts. For cash receipts, it recommends separating the duties of receiving payments, recording payments, reconciling bank accounts, and adjusting customer accounts. It also provides examples of compensating controls that can be implemented when full segregation of duties is not possible, such as using a lockbox system, having two employees receive and prepare deposits, and having an independent employee review accounts receivable balances.
Inefficient paper-based processes plague AP operations, making it one of the scariest processes in the office. POs and invoices go in, sometimes never to be seen again. But what should scare you the most about accounts payable?
The document summarizes several myths about robotic process automation (RPA). It discusses that RPA implementation requires IT involvement, careful calculation of return on investment which involves more than just transaction counts, ongoing maintenance of benefits as automation can become obsolete, and that getting started with an initial proof of concept can be done quickly in 4-6 weeks. The document provides examples and case studies of successful RPA implementations.
Do you want to discover the mysteries behind your audit and help your auditors find what they are looking for? Join E-Business Suite Security and Controls expert Jeffrey T. Hare, CPA CISA CIA, from ERP Risk Advisors, to hear the latest about what auditors are scrutinizing. Two of the topics covered will be Sensitive Administration Page and profile options. This webinar will help you stay two steps ahead of your audit firm!
Learning Objectives: After completion of this program you will be able to:
Objective 1: Discover the mysteries behind your audit, and help your auditor find what he or she is looking for.
Objective 2: Understand the impact of profile options on EBS security and controls.
Objective 3: Learn about how the Sensitive Administration Page manages segregation of duties (SoD) in E-Business Suite.
View the full webinar recording: http://www.eprentise.com/event/stay-two-steps-ahead-of-your-auditor/
Website: www.eprentise.com
Twitter: @eprentise - twitter.com/eprentise
LinkedIn: linkedin.com/company/eprentise
Google+: https://plus.google.com/+eprentise
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
Sage Accpac version 5.5 and the upcoming version 5.6 include enhancements to functionality and performance for accounting modules like general ledger, accounts receivable, accounts payable, and payroll. Version 5.6 will focus on top requested features like improved bank reconciliation, inventory management, and reporting and analytics tools. Sage also outlined their vision for Sage Accpac 6 which will utilize web technologies and a personalized portal interface.
Do you have a business case for Attribute Based Access Control (ABAC)?Finn Frisch
This is the slide deck from an Axiomatics webinar held on April 3, 2014. To see the webinar recording itself, visit the webinar section on the Axiomatics home page. There you will also find the questions and answers section - there were a few interesting discussions at the end of the session.
John Burns, AP automation specialist, describes how Flatirons' AP Solution uses EMC's Captiva and EMC Documentum to digitize and automate AP workflows.
TYASuite Procure-to-Pay (P2P) software is a cutting-edge solution designed to optimize and streamline the entire procurement process. From requisition to invoice reconciliation, it seamlessly integrates procurement, vendor management, purchase orders, and invoice management. With features like automated workflows, real-time tracking, and compliance management, TYASuite E-Procurement Software enhances efficiency, reduces manual errors, and ensures transparency in your procurement operations. Experience a simplified and efficient procurement lifecycle with TYASuite innovative Procurement Software.
Oracle Fusion Payables allows users to create invoices, process payments, and manage vendor transactions more efficiently. Key features include an enhanced user interface, invoice creation through scanned images, configurable dashboards, and integration of features from Oracle's other applications. The document outlines the setup and configuration options for invoices, payments, payment terms, and payment process requests in Oracle Fusion Payables.
The document provides an agenda for a presentation on ACE Financials including sections on features, architecture/data flow, clients, and modules/features. It then discusses ACE Financials key features such as automatic GL distribution, web-based plugins, POS/PMS integration, multi-country/company capabilities, and unlimited user licensing. Finally, it summarizes some of ACE Financials' modules like receivables, payables, materials, payroll, and their key features.
Robotic process automation simplifies insurance processesInfosys BPM Limited
Infosys BPM implemented a robotic process automation (RPA) solution for a leading financial services client to simplify various insurance processes. By automating repetitive manual tasks like data entry and validation, the RPA bots reduced processing time by 70% and freed up agents to focus on other work, improving productivity. The automation ensured accuracy, scalability, and improved the client's regulatory compliance and customer satisfaction.
Service Management: Unify and streamline warranty, parts, support & service p...Mize Inc.
The document summarizes a webinar on optimizing service management processes. It discusses challenges like low registration rates and excessive warranty costs. It promotes unifying and streamlining warranty, support, and service processes using integrated systems and mobile/IoT technologies. This allows simplifying experiences, removing barriers, and enhancing value across registration, warranty support, service, and parts management on a global scale.
Whether you are thinking about starting EDI, looking to merge systems or simply need a refresher course, this webinar is for you. EDI can be efficient and painless if you plan well in advance.
Accelirate Inc. (previously AutomateWork) can help you drive up productivity at lower costs using a Digital Workforce to Automate processes such as Billing, Claims, and Procurement using software robots.
Contact info@accelirate.com or accelirate.com for more information!
m-ize 10 best practices to optimize warranty managementMize Inc.
Few years ago, IDC Manufacturing Insights has introduced Warranty Management Capability Maturity Model as a framework for companies to assess current state and establish a roadmap for continuous improvement.
At the lowest levels of maturity, the warranty organization is purely reactive to quality and warranty events and is focused solely on executing transactions. When an organization reaches the higher levels of maturity, it proactively uses data from multiple sources to anticipate warranty events and it uses quality and warranty events as a means to improve learning, product quality, and supplier relationships.
m-ize team with decades of experience helping numerous companies improve their Warranty maturity has identified 10 Best practices to help companies optimize their warranty management.
Newgen offers an accounts payable automation solution that features configurable workflows, data capture, approvals, and integration with ERP systems. It addresses challenges with manual invoice processing like handling multiple invoice formats and sources. The solution provides visibility into the accounts payable process and exceptions handling. It allows processing of invoices to be paperless with imaging and receipt of invoices via email and fax. Reporting and dashboards give management oversight of key performance indicators. The solution aims to streamline invoice processing and provide controls, accountability, and reduced turnaround times.
Source to Settle and Order to Cash Process MapBob Solomon
For every Source to Settle process at a buyer's company, there is an equal and opposite Order to Cash process at a supplier's company. Interweaving and automating this interaction on both sides is the only way to remove costs from the process, rather than just shifting the burden from one "side" to another.
Welcome to HWM Technologies CC RecIT OverviewAndre Aysen
RecIT! is a reconciliation tool designed for Sage ACCPAC accounting software. It automates the reconciliation process between general ledgers and associated sub-ledgers like accounts receivable, accounts payable, and inventory. This process is currently manual and time-consuming. RecIT! identifies discrepancies between ledger entries and provides reports on reconciled and unreconciled items to help users analyze problems. It reduces the time and costs associated with reconciliation and validation work.
Many organizations still lack the ability to not only monitor, but more important, to truly manage their ECM applications. This slideshare shares how to advance ECM monitoring much further into ECM Application Management.
First, let's note a few interesting statistics and information about the changing ECM environment. According to varying statistics from Gartner, Forrester and AIIM:
74% list "improve the experience of our customers" as top business priority over the next 12 months. VS
Systems with 1000+ users created 60-150 support tickets per month
Success is measured by confident information workers and satisfied customers. VS
Majority of organizzations rely on support calls or incidents to alert them to system problems.
80% say content systems are just as critical to business operations as transactional systems.
but only 32% Have specific and measured SLAs for uptime.
and only 29% Are in a position to monitor trends over time against user loading, content volumes, geographical locations, upgrades
In addition, there is much change in the environment, including cloud, consolidation, user adoption pressures, standardization, expansion, upgrades, governance, Saas, process re-engineering and more.
That's where Reveille comes in:
Preempt issues by notifying IT about problems before your end-users are impacted.
Automate problem isolation and resolution for your business-critical content applications.
Communicate objectively your application service levels to IT and management over time.
Protect content from unwarranted behavior by employees.
Reveille's Approach is:
Comprehensive platform management + real-time user transaction management = Optimized ECM application health
The slideshow shares a product tour of Reveille's ECM application management solutions.
The document discusses moving accounts payable invoice processing from paper to electronic methods. It describes the history of invoice processing from microfilm/microfiche in 1980 to today's web-based and cloud-based solutions. The benefits of electronic invoice processing include faster payment times, lower costs, and improved visibility and controls. Various options for electronic invoice processing are presented, such as back-end scanning, front-end scanning with manual or automated workflow, and intelligent optical character recognition with automated posting to accounting systems.
The document is a checklist from BDO Consulting that provides examples of how to properly segregate duties to prevent fraud for various business processes, including cash receipts. It notes that the employee receiving cash payments should not record payments or reconcile bank accounts. For cash receipts, it recommends separating the duties of receiving payments, recording payments, reconciling bank accounts, and adjusting customer accounts. It also provides examples of compensating controls that can be implemented when full segregation of duties is not possible, such as using a lockbox system, having two employees receive and prepare deposits, and having an independent employee review accounts receivable balances.
Inefficient paper-based processes plague AP operations, making it one of the scariest processes in the office. POs and invoices go in, sometimes never to be seen again. But what should scare you the most about accounts payable?
The document summarizes several myths about robotic process automation (RPA). It discusses that RPA implementation requires IT involvement, careful calculation of return on investment which involves more than just transaction counts, ongoing maintenance of benefits as automation can become obsolete, and that getting started with an initial proof of concept can be done quickly in 4-6 weeks. The document provides examples and case studies of successful RPA implementations.
Do you want to discover the mysteries behind your audit and help your auditors find what they are looking for? Join E-Business Suite Security and Controls expert Jeffrey T. Hare, CPA CISA CIA, from ERP Risk Advisors, to hear the latest about what auditors are scrutinizing. Two of the topics covered will be Sensitive Administration Page and profile options. This webinar will help you stay two steps ahead of your audit firm!
Learning Objectives: After completion of this program you will be able to:
Objective 1: Discover the mysteries behind your audit, and help your auditor find what he or she is looking for.
Objective 2: Understand the impact of profile options on EBS security and controls.
Objective 3: Learn about how the Sensitive Administration Page manages segregation of duties (SoD) in E-Business Suite.
View the full webinar recording: http://www.eprentise.com/event/stay-two-steps-ahead-of-your-auditor/
Website: www.eprentise.com
Twitter: @eprentise - twitter.com/eprentise
LinkedIn: linkedin.com/company/eprentise
Google+: https://plus.google.com/+eprentise
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
Sage Accpac version 5.5 and the upcoming version 5.6 include enhancements to functionality and performance for accounting modules like general ledger, accounts receivable, accounts payable, and payroll. Version 5.6 will focus on top requested features like improved bank reconciliation, inventory management, and reporting and analytics tools. Sage also outlined their vision for Sage Accpac 6 which will utilize web technologies and a personalized portal interface.
Do you have a business case for Attribute Based Access Control (ABAC)?Finn Frisch
This is the slide deck from an Axiomatics webinar held on April 3, 2014. To see the webinar recording itself, visit the webinar section on the Axiomatics home page. There you will also find the questions and answers section - there were a few interesting discussions at the end of the session.
John Burns, AP automation specialist, describes how Flatirons' AP Solution uses EMC's Captiva and EMC Documentum to digitize and automate AP workflows.
TYASuite Procure-to-Pay (P2P) software is a cutting-edge solution designed to optimize and streamline the entire procurement process. From requisition to invoice reconciliation, it seamlessly integrates procurement, vendor management, purchase orders, and invoice management. With features like automated workflows, real-time tracking, and compliance management, TYASuite E-Procurement Software enhances efficiency, reduces manual errors, and ensures transparency in your procurement operations. Experience a simplified and efficient procurement lifecycle with TYASuite innovative Procurement Software.
This document provides a functional overview of the Compass Portfolio+ system. It describes the key components and features of the system, including order management, credit management, risk management, reporting, and accounting. It also outlines the system's coverage of financial products and currencies, portfolio hierarchy configuration, user access security, audit trail functionality, and risk management capabilities.
Capgemini provides governance, risk and compliance services including continuous transaction monitoring (CTM). It has over 100 chartered accountants and other professionals located primarily in India but also China, Poland, Brazil and Guatemala supporting clients in over 40 countries. CTM involves continuously analyzing transactions on an almost real-time basis to identify exceptions and potential issues in order to provide ongoing assurance to management and improve compliance, reduce risks and costs. Capgemini takes a holistic approach to CTM through all stages from planning to sustaining improvements.
Telecom Billing's evolving role in post pc eraEhtisham Rao
With OTT proliferation in the mobile business, telecom operators are struggling to redefine the value of their services for operators. Business models abound, billing remains a key opportunity area for telecoms. this talk covers high level telecom interventions related to billing and their evaluation as source of sustainable competitive advantage.
The document discusses several new features in Oracle R12 related to order management. It covers cascading attributes from headers to lines, customer acceptance tracking, deferred cost of goods sold, exception management, multi-org access, sales agreements, actual ship dates, and parallel pick release. Key points include how each feature works and how to set them up in the R12 system.
The document discusses revenue assurance and fraud management in the telecom industry. It outlines various points in the service cycle where revenue leakage and fraud opportunities can occur, including developing and pricing products, network infrastructure, service provisioning, rating and billing, collections, and revenue reporting. Examples of past corporate frauds like Enron and Worldcom are provided as warnings. Prevention techniques for common frauds are also suggested.
Right IT Solutions is a leading ERP provider in the UAE that offers the RIGHT ERP, an integrated business software solution. RIGHT ERP combines standard technology with low costs and integrates modules like accounting, inventory, HR, CRM, and more. It offers customization, implementation support, data migration, and 24/7 support to help customers manage their entire business processes.
This document discusses enterprise resource planning (ERP) systems and how they integrate transaction data across various business functions such as accounting, finance, human resources, production, logistics and customer relationship management. ERP systems allow a company to capture transaction data at the source, and share it across departments to facilitate reporting, analysis and improved decision making. The integration of data helps make businesses more efficient by combining operational information.
The document discusses how Oracle's Governance, Risk and Compliance (GRC) suite can help companies consolidate fragmented GRC activities onto a single platform, automate controls testing and monitoring across business processes, and provide real-time insights into risks and compliance through integrated dashboards. It highlights how Oracle GRC can help reduce costs associated with controls testing, auditing, access violations, and customizations while improving controls pass rates and access to GRC information.
Talent Maximus provides payroll outsourcing services including payroll processing, tax compliance, and reimbursement management. They have over 100 clients across India in various industries. Their services are supported by a proprietary payroll application, robust IT infrastructure, and dedicated teams for compliance, software development, and customer support.
The document describes the key features of a loan lifecycle management system. It includes features for loan origination, servicing, and a configurable workflow engine. The system allows for processing new loan applications, managing loans throughout their lifecycle, and configurable underwriting, deviations, charges, and financial accounting. It has a web-based architecture using J2EE and can integrate with external databases.
This document discusses key metrics and processes across the insurance value chain that Celonis can optimize, including customer processes like lead generation and claims handling, finance processes like accounts payable and cash flow, product development and risk management, and supply chain processes like partner management and billing. It provides examples of metrics that can be improved and questions for potential clients about how Celonis can help focus on important processes.
BOLT is a leading provider of property and casualty omnichannel customer solutions. They provide a single platform for agents, contact centers, and direct-to-consumer channels. To support premium SLAs and fast response times for customers, BOLT has implemented a monitoring and observability solution with 24/7 support, real-time dashboards, and alerting across infrastructure, applications, and business metrics. The solution captures raw data, generates insights, and provides various stakeholder teams visibility to quickly detect, manage, and resolve incidents.
[Webinar] - How to Future-proof Your ERP Applications with Intelligent Automa...JK Tech
Many of the present-day enterprise solutions are built on single or multiple ERP platforms having complex architecture, heavy customisations, and third-party integrations.
Intelligent Automation (IA) can breathe new life into your legacy applications and ERP systems, with leading-edge automation and AI, delivered quickly and cost-effectively, without the need to rip-and-replace.
During this 45-minute event, we had showcased how Intelligent Automation and ERP, together, can accelerate your digital transformation initiatives.
KEY TAKEAWAYS:
• Key ERP business processes use cases that drive significant gains in cost savings, productivity improvements, and process accuracy.
• Hear from our customer speaker, Adam Forde – Group CIO of Spectris plc and Malvern Panalytical Ltd., about the intelligent automation journey helping his business deliver value beyond measure, accelerated by the Covid economy.
• See JK Technosoft’s Test Automation Framework (tAF®) which results in up to 33% productivity gains vis-à-vis traditional test automation methods and can be used across multiple ERP systems including Progress, QAD, and SAP.
If automating 2x more processes, at 1/5 of the cost, with the ability to scale 3x faster piques your interest, then reserve your spot today.
Roadmap Zeus On-Cloud is the most economic choice to avail the complete digital excellence of our full-suite ERP. This is the ultimate chance to join the circle of our esteemed clients, who are basking in the benefits of Roadmap ERP.
BtoB Solutions provides multi-faceted, web-based solutions that streamline workflow processes and reduce costs for clients. Their solutions focus on reducing supply chain costs from requisition to accounts payable. Customers typically see 25-50% reduction in spend. HOV Services is a partner that provides business process outsourcing, transforming manual paper-intensive accounts payable and accounts receivable operations into automated processes that reduce invoice processing costs by 50% or more per invoice.
The document discusses challenges with traditional financial supply chain management (FSCM) processes and the benefits of automating FSCM through a rules-based workflow system. It outlines key components of traditional vs automated purchase-to-pay and order-to-cash processes. Automating can provide benefits like reduced DSO, lower dispute costs, and increased productivity by streamlining manual tasks and providing greater visibility into risks and opportunities. However, automating FSCM also faces challenges like overcoming functional silos and gaining management buy-in for new solutions and processes.
Inforum Middle East Contract Management PresentationJohnGodfrey
The document discusses implementing a vendor contract management system using Oracle CRM and Financials to manage suppliers for a large property. It describes the goals of capturing contract information, creating automation tools for facilities management, integrating purchase orders and work orders, invoice matching, and providing executive reporting. The presentation covers contract setup, execution, and finance functions and how it enables improved service levels, cost analysis, workflow automation and supplier management.
How High Tech & Telecom Companies Grow Quickly & Efficiently with eSignaturesDocuSign
Technology and telecommunication companies are naturally the early adopters when it comes to new technology solutions. Global brands including T-Mobile, LinkedIn, Salesforce, Telstra and many more rely on DocuSign to grow. In this session, we looked at how you can apply these best practices to your company and accelerate your success.
Similar to Collaborate_VPASession_CSC_GRC_FINAL v2 (20)
How High Tech & Telecom Companies Grow Quickly & Efficiently with eSignatures
Collaborate_VPASession_CSC_GRC_FINAL v2
1. REMINDER
Check in on the
COLLABORATE mobile app
Reduce Fraud Risk and Compliance
Cost Using Oracle GRC
Prepared by:
William Littman – EBS Practice Director
Sam Monarch – GRC Solution Lead
Computer Science Corporation
Reduce Fraud risk
Reduce Compliance Cost
Continuous Monitoring
Session ID#: 14592
3. Industries
Solutions
Who is CSC?
Public
Sector
Energy
and Natural
Resources
Financial
Services
Travel
and
Transportation
INDUSTRY EXPERTISE
Healthcare Communicatio
ns and
High-Tech
Manufacturin
g
Cloud Cybersecurity
Big Data &
Analytics
Consulting
Software
and IP
Applications
Services
Business Process
Services and
Outsourcing
Infrastructure
Services
Leading Next-Gen Technology and Business Solutions
Consumer
and
Retail
10. P2P Cycle – Fraud Scenario
Conflciting functions Risk
Create PO / Maintain Buyers Unauthorized Buyer can create PO
Process Invoices / Create PO Erroneous or unauthorized payments to
vendors
Process Invoices / Maintain (Receive)
Goods
Erroneous or unauthorized payments to
vendors
Process Invoices / Maintain PO Erroneous or unauthorized payments to
vendors
Process Invoices / Process Payments Erroneous or unauthorized payments to
vendors
Receive Goods / Create or Maintain
POs
Unauthorized purchase or erroneous
recording of liability
Release Invoice Holds / Receive
Goods
Erroneous or unauthorized payments to
vendors
12. Order to Cash (O2C)cycle- Complexity
Invoices
Customers
Inventory
Receivables
/ Revenue/
Receipts
Inventory
Transactions
Cash
Management
Banks
Ledgers
Order Management
Receivables
/iReceivables
Requisitions
Inventory
Activity
Interorg/
Shipments,
Back to Back
Orders
General Ledger
Items
Purchasing/
iProcurement
13. Sales Process – WCGW?
Master
Data
Order Shipment Invoice Payment
Period
end
Credit
Limits
Valid
Data
Right
Price
COGS Cut off Everything
Invoice
Partial
payment
Period
Close
Partial
orders?
Approved
Shipment
Right Price Payments
Terms
Manual
Journal
vouchers
Cut off
Credit
Checks
14. Order Cash Cycle – Fraud Scenario
Conflciting functions Risk
Approve Invoice Adjustment / Maintain
Invoice Adjustment
Unauthorized write off of invoices
Create Customer / Enter Cash Receipts Fictitious customer; hide cash
receipt
Create Customer / Enter RMAs Unauthorized credit given to
customers
Create Customer / Enter Sales Orders Unauthorized sales order and
shipment of goods
Create Customer / Maintain Cash Receipts Hide cash receipt
Enter Cash Receipts / Approve Invoice
Adjustments
Unauthorized write off of invoices
Maintain Customer Profile / Enter Sales
Orders
Unauthorized sales order and
shipment of goods
Maintain Customer Profile / Maintain Misc
Cash Receipts
Hide cash receipt
15. GL/Financial Close – Fraud scenario
Conflciting functions Risk
Maintain Chart of Accounts
Monitor Suspense or Clearing Accounts Usage
If one individual has
responsibility for more than
one of these functions, that
individual could conceal
errors or fraudulent activity.
Journal Approval and Posting
Prepare Consolidation
Review and Approve Consolidation
Generate Internal Drafts of Financial
Statements
Review and Approve Financial Statements
Initiate Non-Routine Transactions
Review, Evaluate and Approve Non-Routine
Transactions
16. Integrated GRC Solution
SOX-404
C-SOX
J-SOX
ITAR
EAR
FOCI
PIPEDA
PCI/
OMB-123
IFRS
NERC
EUDP
AML/FDA
Integrated solution with support for multiple compliance mandates and ERP/Non-ERP
systems.
GRC Intelligence
Dashboards Alerts
Key Risk & Control Indicator
Enterprise GRC Manager
Processes
Procedures
Risks
Remediation
Assessments
Policies
Issues
GRC Advanced Controls Suite
Application
Access Controls
Governor
Configuration
Controls
Governor
Transaction
Controls
Governor
Preventive Controls Governor
GRC Infrastructure Controls
Identity
Mgmt
Data
Security
Change
Mgmt
Records
Mgmt
Digital
Rights
Cross Industry Compliance
Requirements
Suppliers
Partners
Finance
HR
Oracle GRC Intelligence
• Enterprise wide Risk/Controls dashboard
highlighting potential trouble areas
Oracle EGRC Manager
• Enterprise Risk Management
• Financial Compliance Management
• System of record
Oracle GRC Advanced Control Suite
• Granular access, configuration and
transaction controls
• Pre-built controls library
• Reduce risk of fraud with continuous
monitoring
GRC Infrastructure Controls
• Integrated identity management
• Protect sensitive data
• Rights management
Complete, integrated, configurable, scalable
17. Security Model
Enter Data
Approve
Maintain
Inquiry
Pay
Responsibilities
Enter Invoices
Inquire Invoices, Payments, Accounting, Suppliers and Banks
Run Standard Reports
Approve Invoices
Update Accounting Entries
Payables Transfer to GL
Inquire Invoices, Payments, Accounting, Suppliers and Banks
Run Standard Reports
Create Payments / Payments Batches
Inquire Invoices, Payments, Accounting, Suppliers and Banks
Run Standard Reports
Create Suppliers / Enter Employees
Inquire Invoices, Payments, Accounting, Suppliers and Banks
Setup Banks / Setup Tax Codes
Open / Close AP Periods
Run Standard Reports
Inquire Invoices / Inquire Payments / Inquire Suppliers
View Employees
Run Standard Reports
Functions
20. Fraud Scenario #1
Transactions to watch
Vendor payments to an employee’s bank account or address
Payment terms on invoice different than terms on vendor record
Unusually large payments
Repeating payments to “one-time” vendors
23. GRC Business Value
Business Value Solution Components
1. Prevent occurrence of fraud and company
reputation
Advanced GRC Control suite
(AACG,PCG,TCG & CCG)
2. Track complete audit trails for changes to key
configurations
CCG
3. Increase business confidence in efficiency and
data integrity of the system
PCG
4. Reduce audit cost with automated controls Advanced GRC Control suite
(AACG,PCG,TCG & CCG)
5. Test 100% population of transactional activity Advanced GRC Control suite
(AACG,PCG,TCG & CCG)
6. Detect and deter fraud with automated
transaction controls
TCG
7. Save money – capture cost and spending
leakage
Advanced GRC Control suite
(AACG,PCG,TCG & CCG)
24. GRC Business Value
Business Value Solution Components
8. Reduce risk and exposure of inappropriate
access
AACG
9. Reduce risk of fraudulent transactions Advanced GRC Control suite
(AACG,PCG,TCG & CCG)
10. Provide greater visibility and assurance to
business owners
Advanced GRC Control suite
(AACG,PCG,TCG & CCG)
11. Monitor and report exceptions Advanced GRC Control suite
(AACG,PCG,TCG & CCG)
12. Mitigate risk of application changes with
approval workflow and audit trails
Advanced GRC Control suite
(AACG,PCG,TCG & CCG)
13. Activate effective data privacy with
restricted user views
PCG
14. Audit ready reporting and evidence to
reduce costs of internal and external
auditing of controls
Advanced GRC Control suite
EGRCM
25. FRAUD INDICATORS
1. Unethical activities
2. Weak internal controls
3. Promise of gain with little likelihood of
being caught
4. Missing or altered documents
5. Unexplained decisions and transactions
26. Fraud Monitoring
Business
Process
What to look for?
Procure to
pay
• Duplicate invoice
• Purchase order date
after invoice date
• Prepayments
• Employee and vendor
addresses are same
• Non-Standard payment
terms
• Duplicate payments
• Multiple checks to the same vendor in
short period
• Frequent change to vendor master file
Payroll • Duplicate paychecks
• Salary paid without tax
holdings
• Excessive overtime
• Under reporting vacation
• Payroll status active after termination
• Direct deposit after termination
27. Fraud Monitoring
Business
Process
What to look for?
T &E • Duplicate T&E submissions
• Personal credit card use for corporate
travel
• T&E without receipts
• T&E requester matches with approver
• Expense under
system tolerance
limits
• Corporate card use
for personal use
Plan to
Consolidate
• Splitting of manual JEs
• Posting backdated JEs
• Unusual VS/P&L account fluctuation
• Entry reversal
• Manual JE > $1M
Acquire to
Retire
• Asset not properly transferred
• FA master file changed frequently
• Assets capitalized below corporate
threshold
• Premature retirement of assets
28. Process Documentations and Testing —
Cost Savings
Current State
■ Process Documentations
Risk and Control Matrix
Process Narratives/Process Flow Chart
Policy and Procedure/Test Plan
Remediation/ Corrective Action Plan (CAP)
■ Key Control Testing
Sample Size Varies Based on the Frequency
of the Control
Test Plans Are Maintained as Separate
Document
Delay Due to Manual Testing and Evidence
Delay Due to remediation/Corrective Action
Plan and Manual Re-testing
Post GRC
Centralized Repository
No Duplication or
Outdated Documents
Policy and Control
Templates
Easy to Track CAP
Reduce Testing Effort
with One Sample Size
Preventive Controls
Reduce Reliance on
Manual Documents for
Evidence
Process documentation and Control automation reduces the overall compliance cost
29. Control Automation — Return on Investment
Most clients are
here
Based on maturity level, clients can achieve ROI and reduce operational risk
with control automation
Number of
Controls
Cost
Year 1 and 2 Year 3 Year 4+
DEFINE RATIONALIZE
AUTOMATE,
MONITOR AND
VERIFY
MANUAL,
REDUNDANT
EFFORTS
REMEDIATION AND
STANDARDIZATION
EMBEDDED GRC AND
OPERATIONAL
EXCELLENCE
30. Tools
■ Data Capture Sheet Templates
WIP Accounting Class
Departments/Resources/Instances
Asset Group, Asset and Genealogy
Activity/Routings
Meters/Meter Readings
PMs
BOMs (Asset and Maintenance)
Work Orders
Attributes
Area
Routes
■ Automated Data Conversions
Category
Attribute Group/Value Set
Asset Group
Asset and Genealogy
Activity/Routings
PMs
BOMs
Accelerated Value Realization (AVR)
■ Demonstration:
Equipment
Manufacturing Integration
■ Support Documentation
Data Capture Sheets
Setup Up Documentation
Expertise
Industry Leading Practices
Implementation Experience
Practical Industry Experience
Industry Leading Methodology
Catalyst
Oracle Unified Methodology
Experienced Project Management
Tools, continued
■ Set Up Documentation Templates
Financials
Maintenance Management
Operations and Logistics
Procurement
Projects
Add On Applications
■ User Productivity Kit (UPK) enhanced content
Value Added Service Offerings
31. GRC Solution Value, Reduced Cost,
Improve Performance
Effective Governance, Risk
& Compliance management
with continuous monitoring
Timely and accurate
information helps better
decision making
Reduced audit cost with
automation
Protection of the confidential
information (e.g. SSN, PCI)
Better utilization of Audit, IT
and Business process
resources
Increased mutual
confidence between
Stakeholders, Customers
and Partners
Reduced cost ( Automation)
Improved business performance (low or no control deficiencies)
Improved risk intelligence and increased confidence in financial integrity( Eliminates surprises)
Most Clients Are
here With GRC
Continued cost escalation for clients who
continue with current silo approach
CSC’s Integrated Compliance Solution
Stabilizes Cost
Provides Sustainable Compliance
Improves Governance
GRCComplexityandCost
Governance, Risk and Compliance
32. PCG – Customization and Workflow
Provision users by implementing “preventive” enforcement,
applying access policies to each user as they are assigned
responsibilities in the User form of Oracle E-Business Suite.
Provisioning Access
Configure and develop Form Rules, that modify the security,
navigation, field and data properties of Oracle EBS forms.
Custom Business Requirements
33. TCG – Pre-built Controls
Monitor inappropriate vendor & employee association ( name, address, phone,
ITIN/SSN)
Monitor vendors with non-current Industry Certifications (Noncompliance
with trade regulations)
Monitor excess payments that may be due to duplicate invoices, POs or Vendors
Monitor vendors with missing data to improve the quality of sourcing decisions
Supplier Risk Controls
Monitor purchases of unauthorized items, such as competitor's products
Monitor holds that are not resolved within specified time
Monitor purchases that circumvent expenses thresholds by splitting the
purchase into multiple transactions ( Split Transactions)
Monitor cardholders that exceed spending thresholds by tracking
Monitor invoices without purchase orders, to prevent unaccounted & disputed
liabilities.
Monitor for transactions with discrepancies in freight charges
Procurement Controls
34. TCG – Pre-built Controls
Monitor orders with missing information or errors to avoid loss of
Revenue
Monitor orders shipped for value exceeding the credit limit
Monitor manual changes to invoices and verify that they have adequate
approval (Unauthorized Invoice Changes)
Monitor non-standard discounts and verify that they have adequate
approval
Monitor rebates and warranties to be recovered from OEMs
Order-to-Cash Controls
Monitor journal entries larger than stipulated amounts (Large Voucher
Amounts )
Monitor transactions posted to accounts with infrequent activities
Monitor write-offs that by-pass sub-ledgers and are posted directly to
General Ledger.
Monitor journal entries that are back-dated( Back-dated Journal Entries )
Financial Close Controls
36. Please complete the session
evaluation
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