February 3, 2016
Section 404 of the Sarbanes-Oxley Act (SOX) requires public companies to maintain a system of internal controls to ensure that financial reports will be reliable. For many companies these regulations do not apply to their Planning system. These companies load Actual data from their general ledger (GL) system to Essbase to enable them to conveniently pair it with Forecast or Plan data for internal reports. The GL system, in this example, remains the system of record subject to SOX regulations. Other firms elect to generate their public financial reports with their Planning system, shifting regulatory controls from the GL system to the Planning system. This post describes one way to set up Planning security to minimize audit risk.
Oracle Hyperion Data Relationship Management (DRM) is a hierarchy management tool. It pulls together all the data from disparate sources, allowing you to apply one set of rules and processes so that you are working with a complete, accurate, and consistent set of data.
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