In today’s complex and ever-changing business world, organizations face various challenges when effectively managing their governance, risk, and compliance (GRC) processes. 

As regulatory requirements continue to evolve, cybersecurity threats increase and stakeholder expectations are higher than ever; businesses turn to advanced technologies to streamline and strengthen their GRC processes. One solution that stands out in the market is Oracle Governance Risk and Compliance (GRC).

Read on to learn more about Oracle GRC and how our senior-level Oracle consultants can help your organization minimize risk and achieve critical compliance objectives.

What is Oracle GRC?

Oracle Governance, Risk, and Compliance offers a comprehensive set of enterprise risk management applications that maintain regulatory compliance controls, manage risks, and enhance enterprise-wide governance procedures. Oracle GRC aids in strategizing risk assessment tactics, managing regulatory requirements, and maintaining enterprise document records over time.

With the Oracle Application Access Controls Governor (AACG) and the Oracle Enterprise Transaction Controls Governor (ETCG), users can access continual controls and build extensive models to manage data, mitigate transaction risk, and achieve compliance over time. Oracle GRC applications enable organizations to manage risks by controlling business processes and defining the risks associated with critical business objects and controls.

Why is Oracle GRC Important?

  • Oracle GRC can be used to separate responsibilities.
  • Users can track and monitor all changes in the business process.
  • Accurate GRC practices prevent unauthorized access or fraudulent business transactions.


Enterprise users can leverage Oracle Governance, Risk, and Compliance to:

  • Complete real-time compliance tasks.
  • Track, monitor, and control critical business processes.
  • Execute various operations simultaneously within one dashboard.
  • Secure business processes and protect data from unauthorized access.

How does Oracle GRC Work?

Currently, most organizations that use Oracle ERP suffer from various auditing, security, and compliance-related challenges. To address these challenges and meet critical business needs, Oracle’s Governance, Risk, and Compliance module can help organizations enforce effective governance policies and limit risk. GRC is a valuable tool for tracking data changes to improve financial integrity, controlling user access to reduce risk, and managing business processes to increase efficiency.

GRC has four different products:

  • Application Access Control Governor (AACG): This module defines user access permissions and manages user responsibilities within any organization.
  • Configuration Control Governor: With this product, users can modify existing business processes and create models and controls within critical business applications.
  • Transaction Control Governor (TCG): Users can leverage TCG to maintain risk and compliance documentation and prevent fraudulent business transactions or unnecessary transaction risks.
  • Preventive Controls Governor (PCG): The PCG module enables users to enforce rules that prevent unapproved actions and unauthorized access.

PCG offers three different modules:

1. Form Rules

Without altering existing Oracle E-Business Suite (Oracle EBS) functionality and requiring minimal Oracle expertise, organizations can leverage the Form Rules product to:

  • Define user roles and restrict user access.
  • Prevent modifications in specific fields and other objects.
  • Give users an option to write SQL queries.
  • Hide or make specific fields mandatory for Form Rules.

2. Flow Rules

Flow rules help automate core business operations or execute tasks at any given time.

Launch Criteria: The following guidelines comprise the launch criteria:

  • Audit Rules: Create audit rules to track, manage, and document changes made to specified fields over time.
  • Process Flow: Define business flow requirements based on needs and utilize connections with Oracle API to execute the DML action. Define and execute simultaneous rules and automate workflow notifications across each phase of the process flow.

3. Changes Controls

This combines the functionalities of Audit, Flow, and Form functionalities to enable better change management and greater control over critical governance processes.

Benefits of Oracle Governance, Risk, and Compliance

Here’s a look at a few key benefits of the Oracle GRC solution:

  • Eliminate suspicious transactions, maintain access control, and improve overall risk management.
  • Access a customizable, dynamic, and user-friendly tool.
  • Automate critical GRC functions.
  • Apply, manage, and monitor compliance regulations on a single platform.

How We Can Help

From establishing key risk and compliance requirements within your organization to preventing suspicious business transactions, optimizing risk and compliance controls, or just getting started with Oracle applications, Surety Systems is here to help.

Our senior-level Oracle consultants have the skills, expertise, and experience needed to meet your critical project needs and guide your organization to long-term success.

Contact Us

Interested in learning more about Oracle GRC and how our senior-level Oracle consultants can help your organization maximize the technology you already own?

Contact us today!