With Oracle providing quarterly Release updates to each of its Software-as-a-Service Clouds (ERP Cloud, HCM Cloud and PPM Cloud), there is a guarantee that changes will arrive every three months. These can be:
- new features and functionality, or
- additional or amended ways to perform existing activities
Whilst these changes often offer usability and productivity benefits, each change could have a major impact on the organisation’s Control Environment, either for Internal Controls or Cyber Security risks. Each change should therefore be risk assessed and where required, controls should be implemented or enhanced to mitigate these new or amended business process and security risks.
To help organisations better understand and control this risk, Systems Risk Services provides two services: