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United States : Oracle Introduces Financial Reporting Compliance Cloud Service for Effective Risk Management.

Without the ability to digitize risk and compliance activities, organizations cannot rise to calls for greater accountability, nor can they evaluate and manage potential threats to the business, while keeping resources and costs in check. Finance teams are challenged by labor-intensive, disparate, spreadsheet-driven tasks to meet new and existing compliance requirements. Given the increased focus on individual accountability for wrongdoing, this manual approach can create significant new risks for organizations. Oracle Financial Reporting Compliance Cloud Service is designed to simplify and automate compliance tasks and to provide reliable and responsive compliance oversight.

Oracle Financial Reporting Compliance Cloud Service helps customers consolidate the process of documenting and assessing business practices to satisfy financial reporting regulations, such as Sarbanes-Oxley (SOX) and equivalent laws, around the world and in the public sector. Integrated with Oracle ERP Cloud, this service automates labor-intensive tasks and protects sensitive data by replacing the use of unsecure spreadsheets, emails and documents.

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Publication:Mena Report
Date:Oct 21, 2015
Words:166
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