Perusahaan Gas Negara Goes Live With Oracle Fusion Governance, Risk, and Compliance to Automate Enterprise-Wide Risk Management and Regulatory Compliance
REDWOOD SHORES, CA and JAKARTA, INDONESIA, Nov 15, 2012 (MARKETWIRE via COMTEX) --
Oracle (NASDAQ: ORCL)
-- PT Perusahaan Gas Negara (Persero) Tbk ("PGN"), Indonesia's largest
natural gas transportation and distribution company, has successfully
implemented Oracle Enterprise Governance, Risk, and Compliance Manager
(Oracle Enterprise GRC Manager) and Oracle Enterprise Governance,
Risk, and Compliance Intelligence (Oracle Enterprise GRC
Intelligence), part of Oracle Fusion Applications.
-- PGN selected Oracle Enterprise GRC Manager and Enterprise GRC
Intelligence to meet regulatory compliance, risk management and
control requirements after conducting a multi-stage assessment of
Oracle Fusion GRC in October 2011. The implementation was completed in
-- PGN believes Oracle Fusion GRC help provide a clear picture of the PGN
risk profile and identify risks of a critical nature and enabling an
immediate and coordinated response. Furthermore, major casualties and
other operational risks can be better predicted and mitigated using
automated processes within Oracle Fusion GRC.
-- PGN has also implemented Oracle Enterprise Performance Management to
integrate financial and operational planning processes and improve
-- Oracle's Siebel Contact Center and Service provides the backbone to
PGN's customer service operations.
-- PGN teamed with KPMG, a Platinum level member of Oracle PartnerNetwork
(OPN), for this project. KPMG provided implementation and integration
services to PGN.
Built on a Standards-Based Platform for Risk Management and Compliance
-- Oracle Enterprise GRC Manager supports cross-enterprise, risk-based
modeling, analysis, treatment and decision making, allowing
organizations to embed clear accountabilities for risk management and
control across the enterprise.
-- Combining qualitative and quantitative information in integrated
dashboards and reports, Oracle Enterprise GRC Intelligence enables
executives and managers to confidently identify and focus efforts on
key risks and control issues including intelligence on access policy
-- PGN uses Oracle GRC Manager and Oracle Enterprise GRC Intelligence
with the Oracle E-Business Suite, designed on open, standards-based
architecture to provide support for non-Oracle packaged applications
and bespoke applications in heterogeneous multi-vendor environments.
-- "In so many organizations, gathering the necessary information and
obtaining clear visibility of a risk profile can be a cumbersome and
costly undertaking," said Mr. M. Wahid Sutopo, Director of Investment
Planning and Risk Management, PT. Perusahaan Gas Negara (Persero) Tbk.
"By implementing Oracle Fusion GRC, we can manage risk better because
we have a single source of information across the enterprise and can
automate risk and compliance processes in a real-time manner."
-- "The greatest GRC challenge is creating a consolidated view of
compliance, risk and internal controls," said Davian Omas, Country
Manager Applications, Oracle Indonesia. "Oracle Fusion Governance,
Risk and Compliance helps to address this challenge by preventing
information silos and redundant tasks and providing the use of a
single, consolidated repository for all GRC programs. This unified
approach helps PGN establish the processes they will use for GRC
initiatives, and also improve the predictability of their business
-- Oracle Fusion Applications
-- Oracle Fusion GRC
-- Oracle Enterprise Governance, Risk, and Compliance Manager
-- Fusion Governance, Risk, and Compliance Intelligence
-- Oracle Fusion Applications
-- Oracle E-Business Suite
-- Oracle Enterprise Performance Management
-- Siebel Contact Center and Service
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SOURCE: Oracle Corporation
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