SAN FRANCISCO--()--FulcrumWay, a leading provider of Governance, Risk and Compliance (GRC) solutions, and a certified member of the Oracle Partner Network, today unveiled Risk Advisor®. This is the largest database of inherent enterprise system risks in key business functions including financial reporting, distribution, supply chain planning, and human resource management enabled by enterprise systems such as Hyperion, Oracle E-Business Suite, PeopleSoft, and J D Edward. Senior Managers, Process Owners, IT Executives and Auditors can access Risk Advisor database to assess risks and select mitigating controls from a catalog of over 1,000 controls to reduce risk in significant business cycles like Account-to-Report, Procure-to-Pay, Order-to-Cash, Hire-to-Retire and Design-to-Release.
“Many organizations have been seeking affordable and reliable ways to embed mitigating controls in their ERP Systems to prevent operational waste, regulatory penalties, and financial fraud”
The risk information, immediately available in the Risk Advisor database, is a collection of enterprise system risk management best practices compiled by FulcrumWay GRC experts over the last ten years. The pre-configured mitigating control objects can be deployed in ERP systems within days instead of weeks or months, thereby generating a rapid return on investment by lowering residual risk. The controls are “real-world” tested in enterprise systems with FulcrumWay clients which consist of more than 200 Fortune 500 and middle market companies representing all major industry segments including: Education, Energy, Financial Services, Health Care, High Tech, Manufacturing, Pharmaceuticals, Media, Transportation and Utilities. Visit the FulcrumWay web site, www.fulcrumway.com for FREE access to Risk Advisor.
“Many organizations have been seeking affordable and reliable ways to embed mitigating controls in their ERP Systems to prevent operational waste, regulatory penalties, and financial fraud,” said John Nicholson, Director of Alliances and Channels at FulcrumWay and a ten year GRC industry veteran. He added, “In the early days of GRC, our customers need to deploy controls was hampered by the cost and complexity of such controls. With Risk Advisor content catalog that is now available for the Oracle GRC Suite, we can help overcome this challenge by providing complete control coverage in just a few days at a fraction of the cost. We look forward to continue working closely with Oracle GRC sales and product teams as well as Oracle System Integrators to reduce enterprise risk for our customers.”
FulcrumWay is a leading provider of Governance, Risk and Compliance (GRC) Expertise, Software Services and Packaged Solutions that help organizations leverage information technology to gain strategic advantage through reliable, rapid and easy access to Enterprise Risk Management (ERM), Risk Analytics, Financial Governance, Audit and Compliance Management, Controls Catalog, and IT Governance. FulcrumWay’s GRC expertise, proven methodology, and integrated software services enable organizations to leverage information technology investment and turn GRC challenges into improved business performance. FulcrumWay is a privately held corporation, serving clients in North America with a regional presence in California, New York, and Texas, as well as clients in South America, Europe, Middle East, Africa, and Asia with international presence through a partner network and technology solution center in India.