Active Governance for Oracle Customers

SafePaaS introduces its latest release of the Active Governance platform

for Oracle Cloud and on-premise customers at Ascend 2024.

Las Vegas, Nevada, June 17, 2024, SafePaaS, the leading Policy-based Active Governance platform and a sponsor of the annual Oracle User Group Ascend Conference today introduced its latest release of the Active Governance platform for Oracle customers. The latest release enables Oracle Customers to deploy modern advanced controls to replace error-prone manual IT Application Controls (ITAC) and IT General Controls (ITGC) and prevent Financial Misstatement, Fraud, and Cyber Security risks across hybrid infrastructure and applications. Now, customers can easily migrate Application Access Controls, Configuration Controls, and Transaction Controls from legacy GRC systems to the latest release of SafePaaS.

Today, Oracle customers have many business applications and infrastructure options in the cloud or on-premise. These options include infrastructure and applications from Oracle and many other technologies critical to digital transformation. For example, Service Now for IT Service Management; Azure AD (Microsoft Entra ID), Okta, and Sail Point for Identity Access Management; Workday for Human Capital Management (HCM); and, Salesforce for Customer Relationship Management (CRM).

In today´s complex, dynamic business environments, organizations face a barrage of risks including heightened regulatory risks, evolving cyber security threats, and emerging technology risks such as Artificial Intelligence. Legacy Governance Risk and Compliance (GRC) Systems are passive by nature, and not built to protect the modern digital enterprise of hybrid, cloud, and on-premise applications.

SafePaaS Active Governance orchestrates control activities across the full scope of a digital enterprise including provisioning systems, business applications, ITSM systems, IDM, HCM, and CRM systems. Autonomous control monitors generate workflows from SafePaaS to enable the management of sustainable controls testing ensuring timely risk remediation and mitigation. Businesses can reduce the risk of penalties and bottlenecks using active governance capabilities.

Robert Enders, VP Solution Specialist at SafePaaS says, “In the early days of adopting financial governance frameworks like COSO, organizations were still deciding what controls to document, what processes to consider significant, what the risk was based on likelihood and impact, and what their key controls should be.” he adds, “What we´ve learned over the last two decades is that people need a more streamlined way of proactively managing their business. Active governance makes a business more agile and proactive to govern future risks such as AI. All of which equals a better, more sustainable business.”

SafePaaS is the policy-based active governance platform that governs people, processes, and technology in a single platform. Built from the ground up, our organic, agile cloud platform helps organizations adopt effective governance and controls which are essential for overcoming obstacles and achieving business objectives. Policies sit at the center of our platform architecture delivering immediate value without the complexity of legacy governance solutions.