In today’s rapidly evolving business landscape, managing risks effectively is critical for organizations working to safeguard their operations and maintain a trustworthy reputation. Oracle Risk Management Cloud offers a comprehensive suite of tools designed to address the unique challenges of data privacy, risk management, and disaster recovery.

From identifying risks to assessing their potential impact, implementing mitigation strategies, and monitoring overall risk exposure, Oracle Risk Management Cloud provides organizations with the framework to proactively manage risks and maintain robust cloud environments.

In this article, we discuss the key features and benefits of Oracle Risk Management Cloud, exploring how it enables organizations to navigate uncertainties in a volatile enterprise environment and where our senior-level Oracle consultants can fit in your organization.

Utilizing Risk Management and Compliance Software

Oracle Risk Management Cloud is a comprehensive risk management solution that offers a range of features to support risk identification, risk assessment, risk monitoring, and risk mitigation activities.

With Oracle Cloud Risk Management, organizations can create registers for new risks, assess their likelihood and impact, prioritize risks based on severity, and develop mitigation plans to address them. It also provides tools for tracking and monitoring risks over time and advanced reporting and analytics capabilities to support decision-making and monitor compliance standards over time.

Oracle Risk Management Cloud leverages Oracle’s cloud-based architecture to improve scalability, flexibility, and accessibility across systems, allowing organizations to manage risks effectively and adapt to changing business environments.

Critical Use Cases for Cloud Risk Management Solutions

AI tools for continuous monitoring


Enforce separation of duties and ensure process and data integrity by monitoring user access across the procure-to-pay lifecycle and analyzing all user activities, including invoices, purchase orders, payments, and more.


Analyze approved credit limits, customer orders, and receipts to ensure accurate order-to-cash data and maintain separation of duties for critical business processes.


Monitor record-to-report processes, such as sub-ledger transactions, manual journal entries, and period close adjustments, to ensure process integrity and effective SoD requirements.


Manage user permissions and activity across the hire-to-retire lifecycle by analyzing complex payroll runs, monitoring time card transactions, and tracking critical compensation changes.

Advanced internal controls

ICFR/SOX testing

Document, test, and validate controls for ICFR and SOX requirements by improving cross-team collaboration and maintaining a centralized repository for internal controls and certification workflows.

ERM automation

Utilize intuitive context and analysis models to conduct potential risk assessments and streamline overall enterprise risk management (ERM) initiatives.

Automated user access management

Custom roles

Access a library of predefined security rules to achieve compliance with process requirements before the initial Go-Live date, avoid user acceptance testing (UAT) and remediation delays, and reduce costs.

Sensitive access

Identify users granted access to sensitive data and determine whether their access will be certified, reported, or removed to protect the modern cloud environment.

Automated reviews

Ensure authorized access to sensitive data and processes and maintain critical audit requirements by automating user access review and certification workflows.

SoD checks

Utilize self-service user access requests to improve user productivity, route requests to business process owners for review, and monitor access requests to identify and address SoD violations proactively.

Key Components of Oracle’s Risk Management Cloud

SoD analysis

  • Automate security analysis controls
  • Visualize access conflicts to identify the root cause of each violation
  • Group access privileges into functional entitlements to reduce complexity
  • Run complete scans of all access paths to analyze access privileges

Access certification

  • Gain complete visibility into the periodic certification process
  • Outline a certification based on a specific business process, role, or set of users
  • Query and assign entitlements to an approver to generate access certifications
  • Identify policy violations and take corrective action

Advanced role design

  • Monitor and remediate conflicts through compensating controls
  • Address intra-role conflicts to optimize role definitions
  • Evaluate the impact of remediation plans on existing business processes

Compliance workflows

  • Document and monitor risk and compliance controls uniformly across the enterprise
  • Eliminate labor-intensive manual tasks to reduce compliance costs
  • Delegate security tasks to process owners to enhance internal controls
  • Replace unsecured spreadsheets and documents to improve security and compliance

Configuration controls

  • Track changes to sensitive master data and existing ERP configurations
  • Access a visual workbench and repository of business objects to improve access controls
  • Create a comprehensive audit trail based on a library of best-practice controls

Sensitive data analysis

  • Align existing controls to evolving industry best practices
  • Leverage pre-built controls to gain immediate value from workflows
  • Access a library of pre-built business objects to accelerate control authoring processes
  • Create new policies and access rules through graphical representations

Enabling Business Continuity with Integrated Applications

Financial control

Advanced financial controls in Oracle enable companies to monitor financial transactions and mitigate security concerns over sensitive user data.

Access control

Oracle offers intuitive access control functionality to ensure proper separation of duties (SoD) and maintain efficient workflows across the enterprise.

Financial reporting

Oracle’s intelligent financial control capabilities enable better financial reporting compliance to streamline the creation of internal assessments and maintain compliance with industry and regulatory standards over time.

Main Benefits of Oracle Fusion Cloud Risk Management

  • Comprehensive Risk Management: Leverage a holistic approach to risk management to effectively identify, assess, and mitigate risks across critical business processes.
  • Enhanced Visibility: Gain real-time visibility into risk exposure to monitor risks proactively and make informed decisions to mitigate potential threats and protect data.
  • Streamlined Processes: Streamline risk management processes through automation and intelligent cloud technology, reducing manual effort and increasing efficiency.
  • Improved Compliance: Access tools for monitoring, reporting, and auditing risks and controls to ensure compliance with regulatory requirements and industry standards.
  • Strategic Decision-Making: Make strategic decisions using intuitive insights into risk trends, correlations, and potential impacts on business objectives.

How Can We Help?

Whether you’re just getting started with Oracle applications or you’ve been live for years now, Surety Systems has you covered.

From outlining plans for a new implementation project to conducting cloud risk assessments, executing best practices for data management, or just providing an extra set of eyes to ensure business continuity, our senior-level Oracle consultants can help.

We’ll stick with you from pre-implementation and deployment to Go-Live and continuous improvement, ensuring your Oracle solutions are fit for your business needs and your internal teams are prepared for long-term success.

Contact Us

For more information about our Oracle consulting services or to get connected with our team of expert Oracle consultants, contact us today.