Infor Risk & Compliance Monitor and control risk across your business

Transcription

1 Infor Risk & Compliance Monitor and control risk across your business

2 Automate the detection, prevention, and remediation of fraud, waste, and abuse

3 Make informed, actionable decisions Navigating risk in complex business environments requires systemwide visibility, evaluation, and response. Security risks, caused by allowing conflicting user-access permissions in your applications, can be mitigated by risk and compliance software so you can minimize inefficiencies and verify user permissions, while confirming compliance with laws, regulations, and industry standards. Risk and compliance software offers versatility, adaptability, and extensibility that helps automate the detection, prevention, and remediation of multiple types of risk. Innovative solutions also promote readiness for all types of internal and external audits, enabling finance, audit, and IT users to share a common platform to independently monitor controls across all of their key applications. Infor Risk & Compliance protects your organization by identifying critical operational risks, adhering to compliance requirements, and objectively prioritizing which concerns require increased attention and allocation of resources. The software analyzes your user roles to proactively detect segregation of duties violations and potential issues in posted transactions and master data. You can uniformly and actively manage multiple types of risk across your business to improve operational effectiveness and efficiency and reduce risk. Infor Risk & Compliance 3 Infor d/epm

4 Innovative capabilities Infor Risk & Compliance connects and enables finance, audit, and IT users to share a common platform that independently monitors controls across all their key applications. Fraud management You can use Infor Risk & Compliance to expose situations where fraud may occur, like procurement fraud, asset misappropriation, bribery, and corruption. By using the outof-the-box controls (rules), you can identify unauthorized employee reimbursements and violations of company policies. These controls can be easily modified and new rules can be created through an intuitive user interface. Business performance management Within different business processes, waste affects both efficiency and performance. Infor Risk & Compliance can help you avoid waste and increase your efficiency by monitoring for duplicate payments, identifying overpayments, reporting on poor days sales outstanding (DSO) numbers, highlighting poor performance in accounts receivable or order to cash, and flagging when contractual terms are not leveraged. Audit management Internal and external audits can be costly and time consuming. You can use automated controls from Infor Risk & Compliance to reduce the business interruption caused by internal audits, while ensuring company policies are followed. Violations and exceptions have closed-loop remediation. And reports for both internal and external audit are easily created and dashboards are available to continuously stay on top of audit issues. Infor Risk & Compliance 4

5 More innovative capabilities Compliance management Federal and local requirements and government laws and regulations impose numerous compliance issues, as do industry standards and company policies. Infor Risk & Compliance helps you put automated controls in place to manage compliance around requirements like SOX, Segregation of Duties, and OFAC*. Security and user access management Use Infor Risk & Compliance to test controls and monitor permissions for violations, ensure segregation of duties rules are not violated and apply compensating controls when violations occur, perform whatif analysis on proposed new permissions before provisioning them, and collect approvals and keep audit trails on approvals for new permissions. Application agnostic monitoring Infor Risk & Compliance is equipped with an architecture that allows you to monitor both permissions and application security data, as well as transactional, master, and configuration data from any ERP or business application currently available in the market. Out-ofthe-box support is supplied for Infor applications like Lawson, LN, Syteline, SunSystems, and Baan ; it also supports non- Wide functional controls support Infor Risk & Compliance allows for extension and customization of both rules for controls and data modeling. You can monitor controls across processes such as procure to pay, general ledger, order to cash, inventory, and payroll. Additionally, the Certification Manager module uses an automated workflow to improve the tedious and often error-prone manual attestation process. *The Office of Foreign Assets Control (OFAC) produces a list of Specially Designated Nationals (SDN) and blocked persons. This insight searches entities in ERP Master Data for matches. Infor applications such as SAP, Oracle, JDE, and PeopleSoft. Infor Risk & Compliance 5

6 Gain greater visibility and control Infor Risk & Compliance offers versatility, adaptability, and extensibility to help automate the detection, prevention, and remediation of multiple types of risk. This innovative solution also promotes readiness for all types of internal and external audits. Cross-application support Analysis across four data layers Closed-loop remediation of exceptions Leverage out-of-the-box capabilities for all major enterprise systems, with the ability to easily provide a holistic view of critical data. You ll be able to perform can-do and diddo analysis of data from ERP systems and business applications against the controls that have been set up by business process owners. This will generate alerts and automate reporting across multiple business environments. Collect and analyze permissions and applications security data, as well as transactional, master, and configuration data. You can mitigate a variety of risks from fraud and policy breaches to overpayments, wasteful business activities, and excessive compliance costs. And you can measure what they can do (user access and configuration data) and what they did-do (business transactions and master data). Use a control library that includes hundreds of best-practice process rules, or controls, that can be implemented with little or no configuration. Dashboards and reports can be personalized by role, letting your users track key risk and performance indicators to quickly understand the financial impact of each exception, prioritize follow-up, and track results. Infor Risk & Compliance 6

7 Easy and enjoyable to use Software can be beautiful and easy to use. Infor Risk & Compliance provides an engaging user experience that gives the entire organization software designed to streamline roles-based work making your business faster and smarter. Infor Risk & Compliance 7

8 Monitor and control risk With Infor Risk & Compliance, progressive private and public sector organizations get a solution that has the versatility, adaptability, and extensibility to help automate the detection, prevention, and remediation of multiple types of risk. Infor Risk & Compliance protects your organization by identifying critical operational risks, adhering with compliance requirements, and objectively prioritizing which concerns require increased attention and allocation of resources. By enabling your finance, audit, and IT users to share a common platform for independently monitoring controls across all of your organization's key applications, you can increase your readiness for internal and external audits. Explore Infor Risk & Compliance About Infor Infor builds business software for specific industries in the cloud. With 15,000 employees and over 90,000 customers in more than 170 countries, Infor software is designed for progress. To learn more, please visit Copyright 2018 Infor. All rights reserved. The word and design marks set forth herein are trademarks and/or registered trademarks of Infor and/or related affiliates and subsidiaries. All other trademarks listed herein are the property of their respective owners. This document is provided for informational purposes only and does not constitute a commitment to you in any way. The information, products and services described herein are subject to change at any time without notice. INFDTP en-US