Oracle Risk Management logo

Oracle Risk Management

by Oracle · Since 1977
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ActiveAvailable globallyCloud
Quick facts
VendorOracle
Year launched1977
StatusActive
Location2300 Oracle Way, Austin, Texas 78741, US
Countries servedGlobal
Languages11
Integrations1+
Free tier
Free trial
Contact salesYES

About Oracle Risk Management

Oracle Risk Management is a risk management software from Oracle that provides tools for identifying, assessing, and mitigating risks across various organizational processes. It combines accessibility policy, Oracle Cloud Infrastructure, and Oracle AI Database so organizations can effectively manage compliance and risk management workflows. The software also supports Oracle Fusion Cloud Applications, providing a comprehensive solution for risk assessment. With features that cater to both operational and strategic risk management, Oracle Risk Management helps businesses maintain compliance and safeguard assets. Key capabilities: accessibility policy Oracle Cloud Infrastructure Oracle Fusion Cloud Applications Oracle AI Database risk assessment tools Best for: organizations that need to ensure compliance and manage risks effectively.

Oracle Risk Management is a comprehensive software solution designed to help organizations manage compliance, risk, and governance effectively. Its standout features include robust risk assessment tools, regulatory compliance management, and control monitoring capabilities. The user interface of Oracle Risk Management is intuitive and user-friendly, making it easy for users to navigate through various modules and access necessary information quickly. The design elements are sleek and modern, enhancing the overall user experience. One of the core functionalities that sets Oracle Risk Management apart from its competitors is its advanced risk assessment tools, which allow users to identify, assess, and prioritize risks effectively. The software also offers real-time monitoring capabilities, enabling organizations to track and manage risks proactively. In terms of performance, Oracle Risk Management is fast, efficient, and reliable, even when dealing with large datasets or conducting complex risk management operations. The software performs seamlessly, providing users with timely and accurate insights to make informed decisions.

Pros & Cons

What users like
  • +1. Provides a comprehensive and integrated platform for managing risks across the organization
  • +2. Offers advanced analytics and reporting capabilities to help organizations make informed decisions
  • +3. Enables organizations to proactively identify and assess risks, allowing for early intervention and mitigation
  • +4. Facilitates collaboration and communication among different departments and stakeholders involved in risk management
  • +5. Helps organizations comply with regulatory requirements and industry standards, reducing the likelihood of penalties or fines
What users flag
  • 1. Steep learning curve for new users
  • 2. Limited customization options
  • 3. Complex integration with other software systems
  • 4. Limited customer support for troubleshooting issues

Features

Key features

• Access Controls
• Manages user access to sensitive financial data, ensuring segregation of duties (SoD) to prevent fraud and errors.
• Financial Compliance
• Helps organizations adhere to financial regulations like SOX, IFRS, and GAAP.
• Advanced Controls
• Provides advanced tools for monitoring transactions, detecting anomalies, and managing financial risks.
• Automated Monitoring
• Automates the monitoring of user activity and critical configurations, leveraging AI to detect suspicious behavior.
• Internal Controls Management
• Facilitates the documentation, testing, and certification of internal controls.
• Enterprise Risk Management (ERM)
• Enables organizations to assess and manage risks across the enterprise.

Additional features

• Secure Role Design
Utilizes prebuilt security rules to design compliant roles, preventing separation of duties (SoD) violations before ERP system implementation.
• Access Request Management
Enables self-service user access requests, checks for SoD conflicts, and routes approvals to business process owners.
• Sensitive Access Monitoring
Identifies and manages users with sensitive access privileges, ensuring appropriate reporting and certification.
• SoD Reporting
Generates comprehensive SoD reports to meet audit and compliance requirements.
• User Access Reviews
Automates workflows for regular reviews and certifications of user access, ensuring alignment with organizational policies.
• AI-Driven Activity Monitoring
Employs AI to continuously monitor user activities, detect suspicious transactions, and identify policy violations.
• Internal Controls Management
Facilitates the documentation, testing, and certification of internal controls for financial reporting compliance.
• Enterprise Risk Management
Assesses and calculates risks using advanced models to determine optimal mitigation strategies.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
11
Interface languages
27
Billing currencies

Interface languages

EnglishFrenchGermanItalianSpanishPortugueseJapaneseChinese (Simplified)DutchRussianKorean

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇸🇪SEK🇸🇬SGD🇳🇿NZD🇮🇳INR🇷🇺RUB🇭🇰HKD🇿🇦ZAR🇧🇷BRL🇲🇽MXN🇰🇷KRW🇹🇷TRY🇦🇪AED🇸🇦SARQAR🇮🇩IDR🇳🇴NOK🇲🇾MYR🇹🇼TWD🇹🇭THB

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