Las Vegas, NV, April 13, 2014 --(PR.com
)-- FulcrumWay, a leading provider of risk based enterprise controls management, and a sponsor of the Oracle Applications Users Group (OAUG) Collaborate14 conference, announced the release of OAT Analytics™, Ontology based Advanced Transaction Analytics for Oracle E-Business Suite, Peoplesoft and J D Edward customers, during the conference. Organizations are seeking new ways to transform their rapidly growing data into insight that mitigates risks and unlocks new opportunities. For most organizations reducing transaction errors and misuse, continues to be one of the largest untapped opportunities to manage costs, improve top line revenue recognition, and ensure compliance with policies.
OAT Analytics™ is based on Oracle Advanced Controls platform and delivers actionable information to business managers leveraging the existing reporting infrastructure such as Oracle Business Intelligence Enterprise Edition (OBIEE). Managers can discover patterns in enterprise data, and use this insight to improve the bottom line, significantly reduce cash leakage and post-audit recovery costs, improve revenue recognition timing, safeguard integrity of financial statements, reduce cost of internal and external audits, increase visibility into controls environment and mitigate exposure to fraud. This solution can deliver a rapid return on investment, because the analytics for Oracle ERP objects is built using Protégé; a free open source ontology editor and knowledge acquisition system developed at Stanford University. This content can be rapidly deployed to monitor ERP transaction from FulcrumWay Controls Cloud.
“We have been working closely with Oracle to bring the OAT Analytics™ solution to the market for the past two years,” said Gabrielle Gove. “In the recent months, a number of our clients have reported a significant return on investment by stopping cash leakage with our solution. We are excited to share these client case studies during thought leadership events such as Collaborate as well as during our monthly webinar series. ”
To evaluate OAT Analytics™ for your organization, you can begin by downloading DataProbe™ from FulcrumWay.com. DataProbe™ is a free risk assessment tool that can discover transaction errors and find other untapped opportunities in your ERP system.
FulcrumWay is a leading provider of risk based enterprise controls management solutions that help organizations leverage enterprise management applications to gain strategic opportunities through reliable, rapid and easy access to the largest ERP Controls Catalog available in the cloud. FulcrumWay’s ERP Controls expertise, proven methodology, and integrated controls management services enable organizations to leverage information technology investment and turn enterprise risk into improved business performance. FulcrumWay is a privately held corporation, serving clients in North America with a regional presence in California, New York, and Texas, as well as clients in South America, Europe, Middle East, Africa, and Asia with an international presence through a partner network and technology solution center in India.