SOX Out of the Box - A Proactive Approach to Internal Controls

Logical Apps Sarbanes-Oxley solution for Oracle Applications is based on a comprehensive set of business, process and audit rules to automate application controls across the Oracle E-Business Suite.
  • System Administration and Common Controls
  • Order-to-Cash (OM, INV, AR)
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  • General Accounting (GL, AP, AR)
  • Procure-to-Pay (PO, INV, AP)
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    Logical Apps' solutions provide comprehensive monitoring and reporting. More importantly the solutions provide preventative controls - to avoid control violations in the first place. We believe that documenting and reporting on control violations "after the fact" is too little too late, so all of our solutions are proactive and automated.
    "When management realizes the cost of compliance with the Sarbanes-Oxley Act, there will be an increasing focus on automated controls."

    - IT Governance Institute
    Segregation of Duties

    The Logical Apps Internal Control Solution provides comprehensive rules to enforce proper segregation of duties. Access Controls include:

    • PREVENT assignment of responsibility and function conflicts
    • MONITOR responsibility and function conflicts that already exist
    • REPORT on responsibility and function conflicts
    • SECURE shared master data
      (e.g. Customers, Suppliers, Items, etc)
    • ENFORCE Approvals within key process flows and updates
      (e.g. Application Setups, Credit Limits, Signing Limits)
    Change Control and Monitoring

     Define, monitor and automate key data changes within the Oracle Applications.
    • PREVENT unauthorized updates to sensitive setup or transactional data
    • MONITOR failed transactions or stuck interface transactions
    • REPORT on control violations
    • AUDIT history at the field level for key data changes
      (e.g. Setups, Master Data, Transactions)
    • ENFORCE Approvals and reason codes for any data change

    Data Integrity Controls
    Ensure that data goes into the system accurately to prevent reporting issues and down stream control problems.
    • ENFORCE tolerance limits
    • RESTRICT LOVs - by user or responsibility
    • ENFORCE defaults and LOVs for application setup and transactions
    Integrated and Easy to Use

    • Same look and feel as Oracle Applications
    • Minimal training required
    • Controls are configurable and easily changed
    • Pre-seeded control content
     
    BENEFITS
  • Automatically enforce internal controls
  • Pre-configured rules, flows, and audits
  • Integrated directly in the Oracle Apps
  • Leverage from Oracle Architecture
  • Rules are configured data - not customizations
  • Enables Best Practices
    •      		KEY FEATURES
  • Built in Alerts and Notifications
  • Implement intra-form security
  • Point and Click Security Rules
  • Built in Wizards for rule configuration and maintenance
  • Enforce Segregation of Duties across responsibilities and functions
  • User defined audit criteria for data change
    (e.g. Setups, Master Data, Transactions)
  • Automated Change Controls - built in approvals and audits
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    Industry News
    eWeek - Apps Automates Financial Compliance Routines
    Oracle, April 2003 - Are Your Business Systems up to the Tasks of Corporate Governance?
    About Logical Apps

    Logical Apps is an Oracle Certified Solutions Partner and the industry leader in delivering configurable, rules based solutions for the Oracle E-Business Suite. Logical Apps' comprehensive solutions enable organizations to rapidly implement business rules and automate processes, reducing cost of ownership and maximizing their return on investment for the Oracle Applications.

     

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