In an increasingly complex regulatory environment, finance organisations face mounting pressure to demonstrate robust internal controls, manage operational risks, and maintain audit-ready compliance documentation. Oracle Fusion Cloud Risk Management provides a centralised platform for managing control frameworks, audit schedules, and compliance obligations. For CFOs and Audit/Compliance leaders, Fusion Risk Management integrates with operational data in Fusion ERP to provide real-time testing and monitoring of control effectiveness. Combined with Oracle EPM Cloud, organisations can overlay risk-adjusted planning and scenario analysis.

KEY CAPABILITIES

Internal Control Framework

Define control objectives aligned to COSO, SOX, and regulatory frameworks. Document control activities, assign ownership, and map controls to GL accounts, procurement workflows, and other operational processes. Version control and audit trails ensure
compliance documentation is current and defensible.

Risk Assessment & Management

Identify, assess, and prioritise operational, financial, and compliance risks. Link risks to control activities and mitigation strategies. Monitor risk indicators and heat maps to stay ahead of emerging threats.

Audit Management & Scheduling

Plan internal and external audit cycles. Assign audit procedures to testing windows and automate evidence gathering from Fusion ERP. Manage audit findings, remediation plans, and status tracking.

Compliance Obligation Tracking

Maintain a centralised register of compliance obligations (SOX, audit, regulatory). Track due dates, responsible parties, and completion status. Automate notifications and escalations to prevent deadline slippage.

Testing & Evidence Management

Automate control testing by pulling GL samples, AP exceptions, and AR aging from Fusion ERP. Document evidence, manage testing workflows, and create audit trails that demonstrate control effectiveness.

Incident & Issue Management

Capture control exceptions, incidents, and issues. Route to responsible parties, track remediation, and monitor resolution status. Escalation workflows ensure timely closure.

INTEGRATION WITH ORACLE EPM CLOUD

Fusion Risk Management provides control framework and compliance oversight; EPM Cloud enables risk-adjusted planning and scenario analysis:

• ✓Compliance Cost Impact: Compliance and audit costs flow into EPM Cloud planning models, enabling organisations to budget for regulatory requirements
  and analyse cost-control strategies.
• ✓Control Testing & GL Reconciliation: Fusion control testing feeds reconciliation status into EPM Cloud month-end dashboards, accelerating close timelines
  and improving data quality.
• ✓Risk Scenario Planning: EPM Cloud scenario models account for regulatory, operational, and compliance risks identified in Fusion Risk Management, enabling
  stress testing and risk-adjusted forecasting.
• ✓SOX & Control Narrative: Fusion control documentation integrates with EPM Cloud reporting to ensure compliance narratives are current and consistent
  with financial reporting.
• ✓Audit Findings & Accrual Adjustments: Audit adjustments, remediation costs, and compliance accruals from Fusion Risk Management flow into EPM Cloud financial
  models and close processes.

HOW JAMES & MONROE HELPS

Control Framework Design & Implementation

We help organisations design robust control environments aligned to regulatory requirements (SOX, audit, industry-specific). We implement Fusion Risk Management to operationalise and monitor your control framework.

Compliance Automation & Monitoring

We configure Fusion Risk Management to automate compliance monitoring, reduce manual testing burden, and provide continuous monitoring of key controls across GL, procurement, and treasury workflows.

Fusion-to-EPM Integration

We build bridges between Fusion Risk Management (compliance status, audit findings, remediation costs) and EPM Cloud planning models, ensuring compliance impacts are reflected in financial forecasting.

Audit Readiness & Evidence Management

We design audit evidence workflows that integrate Fusion operational data (GL, AP, AR) with control testing documentation, ensuring audit teams have comprehensive evidence trails.

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Oracle Fusion ERP Resources

• Oracle Fusion Financials Documentation — official admin guides, release notes and implementation documentation for Oracle Fusion Financials Cloud
• Oracle University — certified training and learning subscriptions for Oracle Fusion ERP
• Oracle Help Center — complete Oracle product documentation library

Related Oracle Fusion ERP Solutions

• Financial Management — core Oracle Fusion Financials ledger with embedded internal controls and audit trails
• Procurement — supplier risk management and purchase controls integrated with Oracle Fusion compliance workflows
• AI & Analytics — anomaly detection and risk scoring powered by Oracle Fusion embedded AI
• Enterprise Master Data — master data governance ensuring data integrity across compliance and audit processes