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Oracle Risk Management Cloud

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Company health

Employee growth
5% increase in the last year
Web traffic
7% decrease in the last quarter

Ratings

G2
4.2/5
(49)
Glassdoor
3.8/5
(55086)

Oracle Risk Management Cloud description

Oracle Risk Management Cloud helps businesses manage various risks, ensuring they comply with regulations. This tool uses AI to automate complex analysis of your systems and data. It helps identify and manage potential issues related to financial fraud, data privacy (like GDPR), and user access within your company's software (ERP). This makes understanding, managing, and reducing your company's risk exposure easier.

Who is Oracle Risk Management Cloud best for

Oracle Risk Management Cloud helps businesses, especially those with 100+ employees, manage risks and ensure regulatory compliance. Its AI-powered automation streamlines complex analyses, aiding in identifying and managing potential financial fraud, data privacy, and user access risks. Users praise its strong security features and comprehensive capabilities, while some note the high cost and complex interface.

  • Ideal for medium to large enterprises (100+ employees), especially in finance and IT.

  • Best fit for finance, IT, and related industries needing robust security and compliance.

Oracle Risk Management Cloud features

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Oracle Risk Management Cloud helps identify scenarios that could interrupt business operations.

Supported

The tool allows conducting business impact analysis, specifying recovery time and recovery point objectives

Supported

The tool supports defining business continuity plans and documenting procedures

Supported

The tool allows revising the business continuity plans based on operational changes

Supported

Oracle Risk Management Cloud allows educating personnel about contingency plans

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The tool supports efficacy testing to assess the capability of different organizations

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The tool supports the implementation of business continuity plans

Oracle Risk Management Cloud reviews

We've summarised 49 Oracle Risk Management Cloud reviews (Oracle Risk Management Cloud G2 reviews) and summarised the main points below.

Pros of Oracle Risk Management Cloud
  • Strong security features for protecting sensitive data.
  • AI-driven automation for tasks like SOX testing.
  • Comprehensive risk management capabilities.
  • Facilitates company-wide risk collaboration.
  • Data-driven services and compliance tools.
Cons of Oracle Risk Management Cloud
  • High cost, especially for licensing.
  • Complex user interface and navigation.
  • Limited customization options, particularly for regional requirements.
  • Integration with other systems can be challenging.

Oracle Risk Management Cloud alternatives

  • Logo of ServiceNow Business Continuity Management
    ServiceNow Business Continuity Management
    Prepares, manages, and recovers from disruptions fast.
    Read more
  • Logo of Ascent AUTOBCM
    Ascent AUTOBCM
    Automated business continuity planning for regulatory compliance.
    Read more
  • Logo of C2 Meridian BCMS
    C2 Meridian BCMS
    Streamlines business continuity planning and disaster recovery.
    Read more
  • Logo of Fusion Framework System
    Fusion Framework System
    Automates risk and resilience management for smoother business operations.
    Read more
  • Logo of Tandem
    Tandem
    Streamlines security and compliance, simplifying audits and vendor management.
    Read more
  • Logo of Resolver
    Resolver
    Connects risk data for smarter decisions, stronger resilience.
    Read more

Oracle Risk Management Cloud FAQ

  • What is Oracle Risk Management Cloud and what does Oracle Risk Management Cloud do?

    Oracle Risk Management Cloud is a comprehensive platform that helps businesses identify, assess, and mitigate various risks. It leverages AI for tasks like fraud detection and regulatory compliance, including GDPR and SOX. This improves data security and streamlines risk management processes.

  • How does Oracle Risk Management Cloud integrate with other tools?

    Oracle Risk Management Cloud integrates with other Oracle applications. However, integrating with non-Oracle systems can be challenging, according to user reviews. More information on specific integrations is limited.

  • What the main competitors of Oracle Risk Management Cloud?

    Top alternatives to Oracle Risk Management Cloud include MetricStream, ServiceNow Governance, Risk, and Compliance, LogicManager, and RSA Archer Suite. These platforms offer similar risk management functionalities, often with more user-friendly interfaces and competitive pricing.

  • Is Oracle Risk Management Cloud legit?

    Yes, Oracle Risk Management Cloud is a legitimate product offered by Oracle. It helps businesses, especially in finance and IT, manage risks and ensure compliance with regulations using AI-powered automation. However, it's known for its high cost and complex interface.

  • How much does Oracle Risk Management Cloud cost?

    I cannot find pricing details for Oracle Risk Management Cloud. Contact Oracle sales for product pricing and to determine if the product is worth the investment for your needs.

  • Is Oracle Risk Management Cloud customer service good?

    Customer reviews on Oracle Cloud ERP's support are mixed. Some users appreciate the comprehensive, integrated features, while others find support lacking, especially for complex or customer-specific issues. They mention a painful reliance on Oracle due to lack of backend access.

Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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