In addition to the requirements for SOX, NERC/FERC (National Energy Regulation Committee and the Federal Energy Regulation Committee respectively) provide additional pressure on providing oversight on internal controls. From an application perspective this means that applications in scope for Internal Controls over Financial Reporting are joined by applications in scope for reliability and security around infrastructure and delivery.
The principles remain the same, and the outcomes are similar with non-compliance and potential fines, apart from the actual effect on infrastructure that a deficiency could bring.
In addition to increasing pressure from legislation, another factor needs to be considered. Enterprises are now running over 400 applications on average. This growing number of applications increases the risk footprint for segregation of duty violations, configurations, and access to sensitive data. How are the risks within and across these applications being evaluated and tested?
Seecuring is Security as a Service, combining Technology and Resources to help you identify and resolve access and identity problems, including:
* Analysis of access to the Sensitive and Critical elements of the Applications, both detective and pro-active.
* Segregation of Duties analysis and remediation.
* Review the impact of making changes to your security and make the right decisions to get your Controls and Configurations resolved.
* Assign actions to your team for fixing issues.
* Create exceptions to Violations, stored and ready to be reported on as part of your Access Certification - sometimes Users need to break the Rules and you will have compensating controls.
* Identify and work with you to create processes to manage Support and System/Power Users such as the Administrators.
There is no software to deploy or install, and our solution of Technology and Services is based on a Subscription so you know exactly what your costs are and the outcomes you can expect.
We support any application, including those for Power and Utilities such as Oracle Power and Utility Applications, and many more. This is in addition to the major ERP applications such as Oracle ERP Cloud, E-Business Suite, JD Edwards, Netsuite, Workday, and more.
We have been working with ERP/HCM Applications since the early 2000's, and work with leading CPA's, Audit staff and Application specialists to deliver a complete solution.
Before you invest in expensive Software, why not look at GRC as a Service? Faster delivery, lower cost, and more than just reports on your issues - we help Organizations achieve their goals for Internal Controls.