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The Supreme Need for IT Governance, Risk, and Compliance

Recent years have shown an increase in corporate frauds making the need for IT governance more crucial. IT Governance, Risk, and Compliance is an essential part of every organization. Irrespective of the industry, or the end product, every company requires some type of governance in place that can manage risk situations and create an environment of compliance.

Every industry be it Manufacturing, Finance, Healthcare, etc., has different requirements with respect to their security policies and procedures. Consistently managing a proper type of governance and compliant work environment has been a rare occurrence for most of the organizations. Despite the need for one, companies have struggled to have best practices of IT governance within the work culture. However, with the advent of ISO 38500, an international standard for IT governance, the systems and processes were made better. Based on the ISACA organization, a leading global provider of certifications, Oracle GRC is separated into five distinct domains.

Framework for Governance of Enterprise IT – Organizations need to have an IT governance framework which matches with the enterprise governance. It directs company’s strategic planning, goals, and objectives. The framework should be built based on the international standards and best practices, and in best accordance with the business requirements. The IT governance should be driven across the top management roles, responsibilities, and accountabilities, to streamline organizational processes.

Strategic Management – Business strategy must drive the IT strategy in order to support the business objectives. Both the strategies must be linked to each other so that the business operations are managed effectively leading to the growth of the organization.

Risk Management – IT Governance is essential to carry out identification, assessment, mitigation, management, communication, and monitoring of IT related business risks. Although Oracle risk management cloud is largely based on the type of the industry and size of the organization, it is very important to have risk framework efficient enough to mitigate any possible risk scenario occurring in both internal and external work environments.

Resource Optimization – For efficient IT management, there is a need for capable talent, information, technology, and infrastructure. It enables the business to meet the requirements, and execute certain activities that are beneficial for the fulfillment of organization’s objectives. This needs proper focus over managerial activities such as procurement, training, knowledge management, and so on. It also includes managing suppliers, vendors, and employees.

Benefits Realization – IT governance helps the business gain realistic benefits through management of IT investments. It empowers the organization to implement value management practices, realization planning, and performance monitoring.

These days, companies are considering risks related to IT as Enterprise Business Risk. To mitigate the business risk, it is advisable that no matter the size and maturity level of the business, effective IT governance should be put into place.

About Sentri

Sentri is a one-stop solution to all your IAG (Identity Access Governance), IRM (Integrated Risk Management) and GRC (Governance Risk Compliance) requirements. Our Intelligent Enterprise Identity Platforms are built to provide holistic data protection against data breaches, identity thefts, and financial frauds. We realize the value of a robust IT landscape, which acts as a strong spine for any business. To nurture the businesses, we offer path-breaking customizable access solutions that empower identity management, securing apps and data infrastructure for cloud and on-premise platforms.

For more information about our products and solutions, visit www.sentriapp.com

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Segregation of Duties

Very often, companies tend to complain that their Netsuite application security settings not compliant as per requirements. There is a constant struggle in maintaining application security and sustaining them throughout. In reality, there are several factors that companies must take care of in order to maintain security in the right way. Some to mention are:

·         Understanding processes

·         Mapping processes to job functions

·         Connecting job functions to roles and permissions, and,

·         Reviewing the Segregation of Duties conflicts regularly

If all these functions are taken care of, then the security setup can be maintained in the best way possible. Then the only thing left would be to monitor the above factors consistently. No matter what the situation of a company today is, in this blog, we will define the different steps that the company can follow to obtain the right security conditions and to maintain it well.

Today, the best scenario for a company is to have great cloud-based enterprise solutions ready to use, without the need for bigger infrastructure for heavy investments into hardware, security, backups, or any type of disaster recovery.

However, to fulfill this dream companies always have one major concern – security of the cloud-based enterprise solutions. If the company has all of its data, systems, and applications under control, then there are minimal chances of any compromise to their security.

For a leading cloud-based enterprise solution provider like Netsuite, it is important to have world-class security in order to gain customer trust and win the market competition. Sentri for Netsuite is one such solution that will never compromise on data security and compliance. Sentri for Netsuite provides robust AI-driven SoD monitor with out of box golden SoD ruleset that has tailored by leading Audit companies. Sentri not only detects the SoD Conflict but also uses a proprietary data mining technology, to find the transactions where a user may have violated the Segregation of Duty Conflicts.

Sentri for Netsuite works on an intelligent next-generation technology that helps the user to implement, upgrade, or re-implement the security policies irrespective of the environment. Sentri for Netsuite focuses on three main objectives – your workflows, administrative access, and finally the end-user security. It mitigates all security risks before the access is being provisioned, ensuring that nowhere the security of data, systems, and applications is compromised.

Sentri for Netsuite offers various functionalities that benefit its users and offers holistic data security in all means.

1.    Segregations of Duties Monitor – Monitors, Identifies, and Prevents possible SOD violations across Netsuite environment.

2.    Access Provisioning & de-provisioning – Takes care of the employee provisioning settings and sends alerts in case of change in employee role or location.

3.    Self-Service Access – Saves effort in manual approvals, and maintains access controls on cloud and on-premise

4.    Access Certification – Automate risk-based certification or quarterly certification.

A business is always vulnerable to internal threats as compared to external attempts of data breaches. However, with a strong security backup like Netsuite, companies can be least assured of having a secure environment for their data, systems, and applications.

About Sentri

Sentri is a one-stop solution to all your IAG (Identity Access Governance), IRM (Integrated Risk Management) and GRC (Governance Risk Compliance) requirements. Our Intelligent Enterprise Identity Platforms are built to provide holistic data protection against data breaches, identity thefts, and financial frauds. We realize the value of a robust IT landscape, which acts as a strong spine for any business. To nurture the businesses, we offer path-breaking customizable access solutions that empower identity management, securing apps and data infrastructure for cloud and on-premise platforms.

For more information about our products and solutions, visit www.sentriapp.com