PricewaterhouseCoopers teams with Oracle

Date: 14-11-2007
Source: PrimeNewswire

PricewaterhouseCoopers LLP announced today that they have teamed with Oracle to help organizations improve operational performance by leveraging PwC's approach for integrated governance, risk and compliance (iGRC) and Oracle's GRC product suite to establish a more flexible, sustainable and cost-effective GRC program across the enterprise. PwC's principles-based approach to governance, risk and compliance addresses the integration of potentially dozens of oversight functions duplicated across multiple departments and geographies, resulting in increased efficiency and improved operational performance. Oracle's business technology provides a backbone to enable integration of management processes under a single umbrella, connecting financial, risk and operational information and activities with transactional systems to form a comprehensive management picture.

"Forces affecting businesses include an accelerating rate of change, increasingly complex business models, and stakeholder demand for greater transparency. Integrating governance, risk and compliance enables companies to proactively detect and manage these forces and improve performance," said Miles Everson, partner, PricewaterhouseCoopers. "Achieving the efficiencies and effectiveness of iGRC requires a multi-dimensional approach that leverages changes in people, process, information and technology. We're helping clients rationalize and integrate risk and compliance operating models and management tasks using recognized enterprise risk management principles."

The combination of PwC's iGRC framework and Oracle's business technology allows companies to move toward integration in a controlled, step-by-step manner that establishes an efficient GRC infrastructure to find the right balance of growth, risk, and return. Organizations benefit by being able to proactively understand their risks, anticipate the impact of emerging legislation and regulations, meet their compliance mandates and leverage technology to achieve sustainable efficiencies.

" PricewaterhouseCoopers acts as a trusted advisor to provide independent, fact-based advice to our mutual clients who are grappling with the issues of how to meet multiple regulatory requirements more efficiently and effectively," said Folia Grace, Vice President of Applications Marketing at Oracle. "By combining PwC's deep business and industry experience with our proven GRC product suite, our clients can realize a GRC solution that enables compliance and improves performance."