Oracle unveils risk management tool

07.03.2007

Sager said that he hopes that the GRC Configuration Controls application will allow ViaSat to establish a set of rules and ensure that they are enforced. The tool promises to send out alerts if the rules are violated, said Sager. For instance, ViaSat might have an accounts-payable policy for transactions that dictated a purchase order be within a predetermined percentage of the amount of the invoice. If someone changed this policy, an alert would be sent to the appropriate employee, and the change could be prevented, he said.

ViaSat plans to start rolling out the new Oracle software later this year.

Michael Rasmussen, an analyst at Forrester Research Inc., said the new offering includes a comprehensive and sophisticated set of tools that support international reporting rules and complete risk management processes.

All products in the GRC suite will be available later this year. Pricing starts at US$995 per user.