Profit Magazine - August 2011 Sample

INSIDE ORACLE
Oracle Upgrades GRC Applications Suite

racle Governance, Risk, and
“Some of our competitors focus just on
documentation and process automation,
and others on detecting fraud and errors,
but there’s no one that is looking at it as
an integrated problem the way Oracle is,”
says Siddharth Sinha, senior director of
GRC product management at Oracle.
The latest release of Oracle
Governance, Risk, and Compliance
Applications Suite provides a graphical,

template-based approach to allow users
to tailor the GRC solution to meet their
specific business needs and priorities
across various industries, regulations,
and geographies. This release includes
new features to quickly migrate Microsoft
Excel–based solutions and author
Siddharth Sinha, Senior Director of GRC
Product Management, Oracle
user-driven extensions. It also provides
embedded reporting while maintain-
ing fine-grained security across large
numbers of users.
“Oracle Governance, Risk, and
Compliance Applications Suite 8. 6 is a
lot smarter, not just in coordinating risk
and compliance activities, but in the
underlying engine, which is finely tuned
to detect fraud and errors—like errone-
ous payments to suppliers—in ways that
can directly impact the bottom line. It’s
easy for business users to articulate fairly
complex business controls with a high
degree of precision in an easy-to-use
graphical manner,” says Sinha. “This dra-
matically reduces false positives and frees
up time for business users to focus on the
most critical issues.”
The latest release also includes the
ability to manage exceptions detected by
the application. By providing a systematic
way to triage exceptions, the product
makes it possible to route issues to the
right experts within an organization for
proper corrective action. Furthermore,

BOB ADLER

NEWS BRIEFS
PEOPLESOF T INTEGRATION WITH
PRIMAVERA P6 APPLICATIONS
In another
move to help
customers reap
the rewards of
project port-
folio management, Oracle’s
Primavera P6 Enterprise
Project Portfolio Management
is now integrated with
Oracle’s PeopleSoft program
management and project
costing applications. This
new integration, announced in
March 2011, gives Primavera
applications users the abil-
ity to combine the portfolio,
resource, and schedule
management capabilities of
Primavera P6 with the power
of PeopleSoft’s project finan-

cial and resource manage-
ment applications.
This integrated solution
helps IT and project-driven
organizations align project
investments with strategic
initiatives and overcome
fragmented processes that
can hinder managers’ ability
to monitor resource needs.
The integration also helps
improve project governance
by increasing visibility into
project team assignments,
milestones, and financial
progress that have a direct
impact on cash flow.
“Until now, many custom-
ers have used Primavera P6
for project management and
PeopleSoft for costing and
budgeting, but the processes
between these disciplines
have been manual and not
integrated,” says Kristy Tan
Neckowicz, vice president for
Primavera product strategy at
Oracle. “With this new integra-
tion, there is traceability and
improved governance, con-
necting back-office financial
systems with projects man-
aged in Primavera applica-
tions. The integration helps
eliminate human errors, and
the combined end-to-end
system provides a holistic
view of project investments.”
“With this scalable solu-
tion that rapidly configures
to the unique business flows
of professional services, IT,
and capital projects, our cus-
tomers can consolidate their
disparate project manage-
ment tools onto a standard
enterprise platform, lower IT
integration costs, and accel-
erate the communication of
project progress among key
stakeholders,” concurs Mark
Rosenberg, senior director of
PeopleSoft product manage-
ment at Oracle.