Infor, a provider of industry-specific cloud applications, announced the availability of the newest iteration of cloud-enabled Infor Governance, Risk, and Compliance. The next-generation Infor GRC helps the Chief Finance Officers, Business Process Owners, Risk Officers, and Auditors monitor business processes and risks at a high level with the role-based homepages. Infor is able to help its customers enable identification of violations, which in turn can reduce the risk of fraud and help avoid inappropriate access rights.
“Every organization has multiple business processes such as procurements, payroll, benefits, and all cash processes, which have many points of failure and intervention, and could easily lead to fraud, inefficiency and lack of compliance,” said Manjunath Ganimasty, vice president, Infor. “We continue to develop Infor’s risk and compliance offerings so our customers can navigate risk in complex business environments with system-wide visibility, evaluation, and response. Infor GRC allows companies to address these key issues and better manage enterprise risks, such as regulatory developments, control failures, resource management, process standardization, and cost reduction, among others.”
Infor GRC is a comprehensive solution for enterprise risk management that helps private and public sector organizations monitor and analyze transactional and master data, as well as user access and application security data. Hosted on Infor OS, Infor GRC can receive data near real time and make it available for analysis to capture violations. With Infor GRC, insightful reports can be generated to document point-in-time information that might be helpful for audit purposes. Users also have access to a new way of provisioning a user using the improved Approval Process, which allows the Chief Information Officer to shift the burden of access control. Multiple users can be provisioned across multiple applications in the same user provision, and the risk of role assignment can be identified by simulating the assignment using the “what-if” feature.