Oracle Risk Management Cloud

What do you like best?

I really enjoy the ability to output risk management proposals to present to my client. Oracle Risk Management Cloud gives my team more financial oversight and has allowed for faster solutions to the latest compliance and process issues. With Oracle Risk Management Cloud I feel that my company is protected from fraud with advanced best practice controls and the ability to create new audit rules to minimize false positives. It feels designed to meet our changing needs over time, Oracle Risk Management Cloud delivers scope controls and advanced planning tools for evaluations across business units.

What do you dislike?

I feel that Oracle Risk Management Cloud does not provide enough support to meet our needs as a business. I believe there is scope for improvement there.

Recommendations to others considering the product:

Risk management solution for all businesses which helps with prevention of suspicious transactions, access controls enforcement, creation of audit trails and more.

What problems are you solving with the product? What benefits have you realized?

Oracle Risk Management Cloud is one of the best tools to mitigate risk and enforce compliance. SOX compliance can be enforced by using Oracle Risk Management Cloud. Segregation of duties can be enforced using Oracle Identity Manager and proper controls can be put in place. In organizations people leave and change roles and positions. Most organizations do not remove access as people move roles and positions. Oracles Role based access control will mitigate these issues. System administrators can monitor access and activity by using various reports.