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Modules > Governance, Risk, and Compliance

Governance, Risk, and Compliance

Achieving visibility and effective controls within the enterprise can be a formidable challenge when many of the processes and procedures in place remain manual and fragmented. Effective Governance, Risk and Compliance (GRC) initiatives help companies, and their employees stay compliant, and ensure that employees and partners at all levels of the organization are aware of the associated risks of non-compliance. GRC touches every person and every function in an organization in some way. Whether GRC becomes an intolerable burden that increases company overhead or an enabler of efficiency and success depends upon its actual, day-to-day impact on the employees’ work and whether that impact is enabling or debilitating.

Risk Management

Improved Data Governance and Protection with an
Integrated Enterprise Solution Expectations are rising among auditors, regulatory bodies, customers, and other stakeholders regarding the protection of corporate information against piracy, fraud, and sabotage concerns. Enterprise Resource Planning (ERP) systems control the majority of the information that could potentially be at risk.

• Enterprise Performance Management
• Cross Organization Benefits of Integrated GRC Solution

Security Management

Epicor GRC provides comprehensive user and group security to restrict data and application accessibility as needed. Security can be granted at user and group levels for all security objects including forms, fields, reports, menus, and method calls. Data
tier security is also available for both tables and columns. There is also an option to use Microsoft WindowsR Authentication to support a Windows single sign-on and password policy.

• Product Security
• Application Security
• Access Security
• Business Security
• Change Logs
• Audit Logs
• Credit Card Authorization and Encryption

Business Process Management

As the global regulatory environment grows ever more
challenging for companies, it is becoming increasingly
important to have embedded controls in your nterprise
application so that your users can be more productive. Epicor GRC helps you move away from the management of day-today compliance by leveraging technology and optimizing operational efficiency. Epicor BPM in combination with Epicor Service Connect, allows you to identify risky processes to your organization and to effectively mitigate risk through businessdefined workflows. BPM and Service Connect essentially identify and improve processes to make your business more efficient, more disciplined, and better able to adapt to change. BPM is particularly important when it comes to the management of
GRC internal controls, processes, and procedures. Many of today’s businesses have already spent the time and effort to document and outline their business processes, some to meet
strict regulatory and quality standards for their industry and others for improved business efficiency. Epicor incorporates BPM technology to enable organizations to automate, align and streamline business processes for continuous improvement and compliance with GRC guidelines. BPM and Service Connect provide a framework for building GRC process-driven integration points that give companies seamless integration capabilities with other applications and businesses. BPM automates delivery of information to
employees internal to your organization that are responsible for managing and monitoring internal controls. Service Connect logs workflow processing for both transactional integrity and compliancy. Service Connect processes are available for review and tracking while in progress or after the process completes

.

• BPM Rules Builder
• BPM Pre-Processing
• BPM Post-Processing
• BPM Base Processing
• Service Connect Workflows
• Electronic Signature

Financial Governance

The current business environment is simultaneously complex and increasingly regulated, which can challenge even the largest businesses to remain competitive in today’s global markets. This fact is perhaps most important when it comes to financial control—which encompasses all aspects of the
financial health of the organization. Epicor GRC helps control this risk—effectively enabling users to handle regulatory compliance and ultimately driving business performance by providing cross-organizational financial visibility and control over financial reporting, planning and forecasting processes. Organizations are under increased pressure to file accurate financial results in a timely manner. While spreadsheets may have provided an adequate solution in the past, as reporting deadlines shrink and controls become more stringent, they will no longer be a viable option. Epicor GRC can help organizations meet these shortened deadlines in a variety of ways—from consolidating financial information to providing drill-down and drill-across access from financial reports to
transactional detail. Bottom line, when companies adequately report, plan, budget, forecast, and periodically review and update budgets and forecasts, they exhibit a more mature level of internal
control. A company that is unable to perform these functions well can play a major part in motivating financial fraud and not living up to the tenets of financial laws and legislation.
Integrated enterprise software applications go a long way in helping organizations document their internal controls, remove manual processes, and achieve greater visibility to their financial data.

• Epicor Financial Report Writer
• Epicor Open Active Planner
• Microsoft Office PerformancePoint Server
• Microsoft Office PerformancePoint
  Management Reporter

Global Trade Compliance

In order to conduct business globally, you need enterprise business software that enables compliance with local laws, satisfies international security measures and meets the myriad of local and regional documentation requirements. Epicor applications provide a comprehensive platform for managing
these trade compliance necessities.

• Global Trade Standards – Items
• Landed Cost
• RoHS/WEEE Compliance
• Product Lifecycle Management
• Country of Origin
• International Shipping and Documentation
• Quality Management

Environmental and Energy Management

As the world continues to analyze energy availability and the long-term effects of climate change, businesses too are turning their attention to areas of opportunity—reduction of carbon emissions, energy conservation and supply chain sustainability. Despite the fact that government incentives in this area are still in their infancy, many businesses are finding
that these initiatives go beyond simple good-citizenship to real business opportunities and bottom line savings that can contribute financial value to the organization while meeting demanding customer requirements. Companies will look to IT and software solutions to help them find opportunities to be better stewards of the environment and extend the tangible benefits of corporate social responsibility (CSR) through the extended supply chain. Some of the more notable areas that corporations are placing emphasis on when deciding on a path to good environmental and energy management surround strategic
sourcing and procurement, logistics, application of lean principles, and virtualization.

• Strategic Sourcing
• Logistics
• Lean Principles
• Virtualization

For further information, please contact us at (852) 2581 9373 or email at salesenquiry@polyasia.com

For the product details, please refer to the official web page of Epicor Software Corporation at http://www.epicor.com