Governance, risk and compliance tools have long been critical in the financial arena. Now Oracle’s banking on growing demand for GRC tools in the rest of the enterprise, with an updated edition of its security and compliance management suite. Datamation has the details.
Oracle today debuted its newly integrated governance, risk and compliance management suite, giving IT administrators and C-level executives an opportunity to automate and monitor multiple security projects from one application platform.
Monday’s release of Oracle Enterprise Governance, Risk and Compliance Manager and the latest release of Oracle Enterprise Governance, Risk and Compliance Controls will give customers a single dashboard and closed-loop approach to regulate security and compliance rules for everything from SEC-mandated financial reports to health and safety procedures at the loading docks.
“Customers are asking us to reach into different risk areas beyond financial governance,” Chris Leone, group vice president of Oracle’s (NASDAQ: ORCL) applications development group, told InternetNews.com. “Executives want more transparency associated with their businesses, be it IT governance, supply chain or other people-oriented risks.”
Leone said the new application suite will let top executives and business managers automate the testing of compliance and security controls directly in the transactional systems.