Auditing is a key component of every business. Auditing in its truest form is the systematic checking, monitoring and reporting of a business to determine if the business uses false information, bad procedures and or fails to comply with required financial reporting regulations. This definition can be altered to fit any business model. Oracle EBS auditing performs these tasks in a simple, automated way. It saves time and money.
Detect, Prevent, Notify, and Review
Oracle EBS auditing software, if implemented properly, will detect any malicious or high-risk activity. It also will identify non-compliant transactions. By immediately detecting these issues, Oracle EBS auditing software keeps administrators a step ahead of the situation. Once these events have been detected, steps are taken to prevent any further malicious actions of that nature. Notifications are sent out to inform operators of the situation so they can document and address them. The next step is to use the audit information to review what happened.
Audits can focus on anything. Application audits, financial audits, security audits all share the same core basics. They detect a failure to comply. Compliance is a serious issue in any industry. Enterprise environments are no different.
Save Time and Money
The system will save time and money for users. It will reduce the manpower required to physically perform the tasks it makes easy. It is a complete solution for businesses. Thousands of hours of manpower can be needed to perform the tasks it does in seconds. As long as it is implemented properly it does all the heavy lifting.
It will monitor every transaction and event 24 hours a day relentlessly. If a malicious situation appears it will document it and notify administrators immediately. The software is very specific along with providing much detail. It offers a long list of controls that will utilize the best practices and standards available. This gives administrators a powerful tool for auditing.
The monitoring is constant, minimizing exposure to the system by malicious threats, and prevents deeper problems. The software also makes it simple to access reports along with various screens detailing the information and processes. Automation saves time and money. It eliminates labor costs and makes performing other tasks possible. This makes a business more efficient.
All-In-One Solution
The software provides an all-in-one solution putting a powerful tool in the hands of compliance officers. It provides a powerful environment for ensuring compliance standards are maintained and enforced. Compliance is an area where there can be no compromise. You are either compliant or you are presenting serious risks and potential violations. There is no gray area. Having the security and peace of mind that Oracle EBS auditing provides will allow everyone involved to sleep well at night.