#OOW16 - Risk Management Cloud / GRC General Session

Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |

Risk Management Cloud General Session

Timothy Reese, Commonwealth of Pennsylvania Brian Jensen, KPMG Corey West, Oracle Sid Sinha, Oracle September 20, 2016


Safe Harbor Statement

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.

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Agenda

Introductions

Risk Management Cloud Update

Panelist Q&A

Wrap-up

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Copyright © 2016, Oracle and/or its affiliates. All rights reserved. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |

Introduction

Timothy Reese Tim Reese became the 37th Treasurer of the Commonwealth of Pennsylvania on June 26, 2015. His powers and duties involve the receipt and disbursement of funds, as well as the deposit, investment, and safekeeping of monies and securities belonging to the Commonwealth. Treasurer Reese serves as custodian of the funds for virtually all state agencies. As Treasurer, he is focused on revitalizing and strengthening the Department and leveraging its assets and expertise to positively impact Pennsylvania’s economy. Prior to his appointment, Treasurer Reese ran multiple special situation investment firms that co-invested in the health care, pharmaceutical, and information technology sectors.

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Introduction

Corey West Corey West was appointed corporate controller and chief accounting officer of Oracle Corporation in April 2007, with responsibility for global financial and SEC reporting, management reporting, revenue recognition, technical accounting, and merger and acquisition financial due diligence, among other duties. He was promoted to Oracle Executive Vice President in 2015, and now leads a team of 2,100 finance professionals operating in nine global finance shared services around the world.

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Introduction

Brian Jensen Director in KPMG’s Oracle Practice focused on Strategy, Operations and Oracle Risk Consulting, with more than 20 years of management consulting and business development experience. A subject matter professional across multiple functions and industries, Brian has worked with dozens of C-level executives and directors as a trusted advisor, designing operational and risk management strategies using Oracle technology to help them achieve their strategic business objectives.

Brian has extensive experience leading and implementing ERP, Identity Management & Security & Controls solutions at over 50 customers over the last 20 years. Brian is a thought leader for KPMG in their GRC group, spearheading many initiatives for Oracle Enterprise Solutions.

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Effective Risk Management

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Strengthen Internal Controls

Enforce Financial Reporting Integrity

Prevent Unauthorized

Access

Monitor Access to Sensitive

Data

Automate Detection of

Error, Fraud & Waste

CFOs & Controllers

CIOs & CISOs

Auditors RISK MANAGEMENT

CLOUD


Integrated Risk & Compliance for ERP Cloud

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Streamline risk processes to promote collaboration, transparency and accountability

Early detection of potential issues through automated data collection and analysis

3 Rapid Deployment with Best Practice, Pre-built Controls designed for targeted risk areas

Risk & Compliance Management

Documentation Reviews Assessments Issues

Advanced Controls Monitoring

Audit Analytics User-Defined

Algorithms Visualization &

Simulation

Library of Best Practice Controls

Procure-to-Pay Transactions

Expense Policies

Assess (SoD) Rules

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Pareto Analysis

Clustering

Fuzzy Matching

Anomaly detection

Automate Data Analysis to Detect Issues Early

Confidential – Oracle Internal/Restricted/Highly Restricted

Security & Transaction Data

Enterprise Data Graph

GR

C O

nto

logy B

ased Po

licy Engin

e

Seman

tic Reaso

nin

g Pattern

Reaso

nin

g

Data Analysis Engine

Grap

hical A

uth

orin

g Wo

rkben

ch

Library o

f User D

efined

Co

ntro

ls

Incidents

SELF-LEARNING FEEDBACK LOOP

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Benford Analysis

Algorithms Workbench


Cloud Services

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Advanced Access Controls

(R13) Restrict Unauthorized Access

& SoD Violations

Advanced Financial Controls

(R12) Protect Against Fraud, Error

and Policy Violations

Financial Reporting Compliance

(R11) Streamline Internal Controls Processes

Risk

Management Cloud


Financial Reporting Compliance Cloud Service Streamline Internal Controls Processes

Complete Assessments

Remediate & Certify Controls

Document Risks & Controls Matrix

Define & Review Audit Test Plans

Enforce Manual Controls

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Advanced Financial Controls Cloud Service Protect Against Fraud, Error and Policy Violations

Manage Exceptions

Continuous Monitoring

Configure Best Practice Controls

Author New Audit Rules & Algorithms

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Link Results to Business Risks Link Results to Business Risks

Stop High Risk Transactions Identical Expenses Split Purchase Orders Duplicate Invoices Unusual Invoice Amt. Unauthorized Spend Blocked Suppliers User Creates Supplier &

Pays invoice


Advanced Access Controls Cloud Service Restrict Unauthorized Access & Automate SoD Analysis

Manage Exceptions & Simulate Changes

Link Results to Business Risks

Automate User Security Analysis

Deploy Pre-Built SoD Controls

Author New Access Rules & Policies

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Risk Management Cloud Customers

….and more!

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Agenda

Introductions


Panelist Q&A

Wrap-up

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Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |

Finance @Oracle

Public Company (NYSE : ORCL)

Presence in more than 145 countries

Revenue : $ 38 Billion (FY16)

Over 420,000 customers

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Drivers: Moving to the Cloud

Modern User Experience

Built-in Analytics and Collaboration

More Innovation

Lower Costs

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Cloud Plans @ Oracle

Deploy Risk Cloud concurrently with ERP Cloud Services

Risk Cloud Services are a part of the ERP Cloud (common instance)

Deploy Foundation, Setups & Data Repository

Financial Reporting Compliance Cloud Service

Automate User Access / SOD Analysis

Advanced Access Controls Cloud Service

Automate Expense Data Analysis

Advanced Financial Controls Cloud Service

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Agenda

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Introductions


Panelist Q&A

Wrap-up

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DEMOgrounds Moscone West Level 3 Lobby (M,T,W) ERP Showcase

Workstation WEP-020

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Tuesday GENERAL SESSION Sep 20, 12:15 PM – 1:00PM | Moscone West 3005

Oracle Risk Management Cloud – Strategy Roadmap [GEN7198]

Sid Sinha, Head of Product, Oracle Risk Management Cloud Corey West, Oracle EVP Corporate Controller and Chief Accounting Officer, Oracle Brian Jensen, Director, KPMG LLP Timothy Reese, Pennsylvania State Treasurer, Commonwealth of Pennsylvania This general session provides the latest update on the product strategy, release roadmap, and best practices for Oracle Risk Management Cloud.

PANEL SESSION Sep 20, 4:00 PM – 4:45 PM | Moscone West 3005

Introducing Oracle Financial Reporting Compliance Cloud [CON7293]

Aman Desouza, Director, Risk Cloud Strategy, Oracle Adil Khan, Managing Director, FulcrumWay, Michael Mann, Director, Caesars Entertainment This session provides an overview of Oracle Financial Reporting Compliance Cloud and how it automates certifications, assessments, and related manual tasks for regulations such as Sarbanes-Oxley Act. It includes a guided tour of the product, the features and benefits, and describes how audit teams can transform compliance with automation using this unique risk management service.

PANEL SESSION Sep 20, 5:15 PM = 6:00 PM | Moscone West 3005

Introducing Advanced Financial Controls to Audit Expenses & Accounts Payable [CON7291]

Kent Spaulding, Software Architect, Oracle Dane Roberts, Principal Product Strategy Manager, Oracle Mark Stebelton, Director, Product Management, Oracle Stephen D’Arcy, Director, PwC This session provides an overview of Oracle Fusion Advanced Financial Controls Cloud Service to continuously audit expenses, accounts payable, and other sensitive financial transactions. It includes a product tour, features and benefits and shows how expense managers, controllers, and auditors can use advanced data analysis to prevent fraud and error and ensure compliance with policy .

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Wednesday CUSTOMER CASE STUDY Sep 21, 11:00 AM – 11:45 AM| Moscone West 3005

Securing ERP: Application Compliance and Controls Implementation [CAS7689]

Gautham Ramkumar: Director, Advisory Services, KMPG LLP Chuck Devore, Director, Finance Transformation, ADM Kenneth Kobia, Risk & Controls Lead, Archer Daniels Midland Organizations have successfully transformed their business operations by leveraging Oracle ERP technologies. Yet they continue to struggle to balance the two divergent needs of empowering ERP business users, while protecting sensitive data and transactions. In this session KPMG and Archer Daniels Midland detail how they took advantage of Oracle’s ERP security and controls capabilities, to support ADM’s initiative to deploy Oracle ERP .

PANEL SEESION Sep 21, 1:30 PM – 2:15PM | Moscone West 3005

Introducing Oracle Fusion Advanced Access Controls to Strengthen Security [CON7290]

Katrina Johnson, VP Risk Assurance, Service Corp International Nicholas Seeman, Director, Advisory Services, KMPG LLP Barry Greenhut, Director, Product Strategy, Oracle Mark Stebelton, Director, Product Management, Oracle This session provides an overview of Oracle Fusion Advanced Access Controls to continuously detect segregation of duties violations, manage exceptions, and fix unauthorized access to sensitive functions and data. Compliance managers and auditors can use Oracle Fusion Advanced Access Controls to ensure strong access controls across ERP, HCM and SCM cloud applications.


Implement the Best Practice for Oracle Financial Reporting Compliance Cloud [CON7291]

Swarnali Bag, Governance, Risk & Compliance Practice Lead, Oracle Barry Greenhut, Director, Product Strategy , Oracle Lakshmi Rajamohan, Principal Product Strategy Mgr., Oracle Mark Stebelton, Director, Product Management, Oracle This session provides a more detailed walkthrough of Oracle Financial Reporting Compliance from an end user’s perspective, and highlights how the product can be configured to automate the best practice process. Based on learning from a decade of customer experience, it showcases the shortest and most cost-effective path to go live and streamline operations.

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Thursday PANEL SESSION Sep 22, 9:30 AM – 10:15 AM| Moscone West 3005

Implement the Best Practice for Oracle Fusion Advanced Financial Controls Cloud Service [CAS7286]

Swarnali Bag, Governance, Risk & Compliance Practice Lead, Oracle Barry Greenhut, Director, Product Strategy, Oracle Christine Doxey, Owner or Partner, “Doxey, Inc” Lakshmi Rajamohan, Principal Product Strategy Manager, Oracle Mark Stebelton, Director, Product Management, Oracle This session provides a detailed walkthrough of Oracle Fusion Financial Controls Cloud Service from an end user’s perspective, and highlights how the product can be configured to automate best practice controls. Oracle Fusion Advanced Financial Controls Cloud Service is designed to meet the common needs of Oracle Financials Cloud subscribers. Based on learning from a decade of customer experience, this session showcases Oracle’s best practice business process for maximum ROI with minimum cost of ongoing operation.


Get Started with Financial Reporting Compliance and Advanced Financial Controls [CON7284]

Barry Greenhut, Director, Product Strategy, Oracle Lakshmi Rajamohan, Principal Product Strategy Manager, Oracle Joel Alvarado, Customer Success Manager, Oracle This session provides you with the most effective project plan to implement Oracle Financial Reporting Compliance or Oracle Fusion Advanced Financial Controls Cloud Service. Participants will learn the shortest and most cost-effective path to success using Oracle’s customer and partner-tested “get started” process. Learn how to plan and adopt these cloud services, and then sustain your use through growth and change. Learn how to get the experience and expertise needed to succeed.

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Go-To Partners

Success requires experience and expertise

– get both from our Go-To Partners:

• Guide process owners & participants

through adoption of Best Practice Processes

• Configure software for effective long-term

success: Minimum cost of operation,

Maximum flexibility to adapt to change

To learn more and get connected, contact

your Oracle Success Manager

Current Go-To Partners: KPMG USA, Oracle Consulting USA, FulcrumWay, OneGlobe, PricewaterhouseCoopers USA

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mailto:[email protected]

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For subscribers and partners

To Learn More

Cloud Portal Release Readiness User Documentation Modern Best Practice

Oracle University Success Managers Get Started Customer Connect

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https://cloud.oracle.com/risk-management-cloud

https://cloud.oracle.com/en_US/saasreadiness/erp?readinessRID=1445273094171

http://docs.oracle.com/cloud/latest/riskcs_gs/docs.htm

http://modernbestpractice.com/

http://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=225

https://www.oracle.com/cloud/customer-success-managers.html

https://support.oracle.com/cloud/faces/DocumentDisplay?_afrLoop=299159892333731&_afrWindowMode=0&id=2120557.1&_adf.ctrl-state=12knj1gdd6_4

https://appsconnect.oracle.com/resources/081926cc0a/summary

#OOW16 - Risk Management Cloud / GRC General Session

Business

Transcript of #OOW16 - Risk Management Cloud / GRC General Session