Oracle GRC Description

Oracle Governance, Risk and Compliance (GRC) operates through two primary components: Enterprise Governance, Risk and Compliance Manager (EGRCM) and Enterprise Governance, Risk and Compliance Controls (EGRCC). The EGRCM serves as a comprehensive documentation tool that outlines a company’s approach to managing risk and adhering to regulatory standards. It allows users to identify potential risks within the business, establish controls to mitigate those risks, and link them to relevant business processes. On the other hand, EGRCC consists of two key parts, namely Application Access Controls Governor (AACG) and Enterprise Transaction Controls Governor (ETCG), which empower users to design models and controls to detect and rectify segregation of duties issues and transaction-related risks within business applications. Both components function as modules within the GRC framework, with EGRCC operating as a Continuous Controls Monitoring (CCM) module and EGRCM inherently including a Financial Governance module. This integrated approach ensures that organizations can systematically address various compliance and risk management challenges effectively.

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Company Details

Company:
Oracle
Year Founded:
1977
Headquarters:
United States
Website:
docs.oracle.com/cd/E37379_01/index.htm

Media

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Product Details

Platforms
Web-Based
Types of Training
Training Docs
Customer Support
Online Support

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