Lumigent Technologies, Inc., which provides GRC business control systems, has announced the availability of AppGRC for PeopleSoft Financial Management. AppGRC for PeopleSoft Financial Management runs alongside PeopleSoft Financials to strengthen the integrity of critical business operations and reporting for a PeopleSoft implementation, according to the vendor.
There is a "huge" demand for automation of compliance reporting to drive down its cost, John Capobianco, president and CEO of Lumigent, tells 5 Minute Briefing. "People don't want to spend money on compliance reporting-because all it does is provide compliance reporting. It doesn't help your products, your customers, your salesforce, it doesn't help your productivity. It doesn't help anything within the company." By automating that reporting, not only are costs lowered, but people are freed up to work on other tasks that benefit the company, Capobianco notes.
Through automated, data baselining and continuous monitoring of data and controls at the database layer, AppGRC for PeopleSoft Financial Management improves financial reporting and decision making by providing source-level information-the who, what, when and before/after value-and, says Capobianco, provides users with "persuasive information as to the integrity of their data as well as the integrity of their control."The business processes AppGRC for PeopleSoft Financial Management addresses include financial accounting and reporting, purchase to pay, order to cash, fixed assets, inventory management, and manufacturing.
AppGRC for PeopleSoft Financial Management also includes reporting templates which provide the essential application and business context, so deficiencies and the actions necessary to correct them can be understood; a command line interface that can be used to automate tasks related to automating controls; and a complete audit trail via policy-driven audit collection that ties application user IDs to before and after views of all data changes at the field level, simplifying compliance reporting with policies mapped to specific audit requirements.
For information, go to the Lumigent website.