How will you get your Oracle implementation right, first time?
Deploying a fully operational Oracle system at go-live, according to schedule and budget is tremendously difficult.
It is perhaps not surprising, then, that organisations with newly implemented Oracle solutions are so often suckerpunched with a concerning increase in issues identified by auditors, who discover that little time was spent on controls and security during design and build.
It doesn't have to be that way, though. Implementers with a strong background in risk and controls can deliver an integrated approach, that ensures key process risks are identified from the ground up as part of the process mapping stage, and controls incorporated within the design and build stages, at little additional cost.
The cost of Oracle Cloud Transformation
We've seen a global organisation go-live unable to perform bank reconciliations, costing them millions. We've also helped a UK council go-live with improved flexibility and reduced costs. As experts in both risk and Oracle we are able to ensure that controls are embedded into processes, to deliver tangible business benefits that address real risk and keep audit findings to a minimum.
Have you asked your implementation partner how they will ensure every risk in your new system will be controlled, as expected by your auditors?
Find out how we answer that question and why our clients get their implementation right, first time and save thousands, as a result.
How we can help
Do you proactively manage the controls in your Oracle system, or are you waiting for audit findings?
Oracle Risk Management Cloud
Statutory audit, SOX, GDPR. UK SOX?
We can't predict the future, but regulatory requirements are constantly evolving, growing ever more stringent.
This presents a tremendous challenge for many businesses, which are slow to react, hit with large fines and high audit fees. But conversely, there's a huge competitive advantage available for those organisations that manage their risks proactively.
So, does your organisation proactively rise to the inevitable, or sit back and wait for auditors or (worse) regulators to identify issues?
We can all name the losers of stringent regulation. But the winners are less easy to spot, quietly exploiting the benefits of proactivity whilst their peers battle newspaper headlines.
Oracle Risk Management Cloud, when implemented by industry leading experts, pushes organisations towards optimisation, allowing them to monitor their risks in real time, reap the full benefits of process efficiency, reporting accuracy, regulatory compliance and cost reduction.
So if you think it's about time you took a step towards proactivity, find out how we're already helping our clients on their own journey, with Oracle Risk Management Cloud.
Are you reaping the benefits of an optimised Oracle system?
Process and Configuration Optimisation
Oracle is complex, as is your organisation. So it's almost impossible to know whether your Oracle system is optimally configured to enable your business to thrive (especially as your company grows and adapts).
Suboptimal configuration costs organisations thousands in unnecessary cost every year, via an increased dependency on time intensive manual processes and controls and direct cash leakage from incorrect setup.
For example, you would be surprised by the number of organisations overpaying their suppliers due to poor three-way match configuration. If you were one of them, would you know?
Checking your three-way match may seem simple enough, however, there are subtleties in certain settings that can have unintended knock-on consequences. And, of course, three-way match is just one control. There are a plethora of other configurable controls in your Oracle environment, each affecting a unique part of a business process. Does your team have the capability to manually analyse each and every one of them?
Our experts can leverage proprietary technology to get under the hood of an Oracle system at pace, and help you fine tune it, to plug control gaps, drive automation and reduce cost.
Find out how we've already gifted our clients confidence in their Oracle system.
Are you reaping the benefits from your Oracle investment by fully embracing emerging technology in your controls?
Intelligent Controls
Today’s world is moving faster than ever. Technology disruption is providing both challenges and opportunities for assurance functions. Manual tasks and processes are quickly becoming automated but there is still the need for an approach that is auditable and resilient under scrutiny. The constantly evolving regulatory landscape (e.g. Brydon) increasingly adds to compliance costs at a time when most organisations are looking to cut costs.
It’s time for controls to be intelligent. From our perspective this means going into the next evolution in both controls testing methodologies and operation of controls.
What if we could fully automate the matter in which the control owner operates the control? What if we could also automate the way that a compliance function tests the control, taking the entire human element out of it. That's essentially what intelligent control automation is.
With intelligent controls automation, we can leverage technologies such as Oracle Management Cloud and/or PwC’s Enterprise Insights to help you, for example, automate the extraction of configuration data and create logic to automatically assess that specific configuration, instead of having to go individually through each screen in Oracle Cloud ERP. Intelligent controls can also help automatically prepare the workpapers, an added bonus is bringing transactional and security analysis into the evaluation, in conjunction with configuration data, to form a bigger picture of the root cause of where a control may have broken down.
An Oracle Cloud transformation presents the perfect opportunity to leverage intelligent controls automation to reduce the cost of compliance and improve quality and confidence. Let us help you make your controls intelligent.
Get in touch to find out how Intelligent Controls can work for you.
Are you in control of your implementation?
Independent programme assurance
Being an expert in your industry has made you successful, though it probably has not prepared you to transform your business.
That's why businesses engage trusted business integration and system implementation partners. Their specialist knowledge enables them to handle issues you may not be able to.
But as decision points arise, or things go wrong, organisations can be left feeling out of their depth, lacking the confidence or expertise to weigh in on important issues.
Pressure to deliver can damage relationships, expectations can become misaligned and, so often, things just don't 'feel' right.
This is not a feeling you should bury until the night before go-live. We know programme directors who have done this. Failed implementations cost their organisations millions. We've also coached businesses through distressed programmes to successful transformation.
Having an independent voice that has experienced countless Oracle implementation issues and helped organisations navigate round and through them is invaluable counsel.
We know what good looks like and can provide guidance that propels you to success.
Unsure whether you can keep your implementation on track? Find out the power of having a trusted expert on your side.
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