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The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.
Broadridge technology-driven solutions power the entire investment lifecycle, enabling our clients to successfully manage the massive complexity and operational requirements of today’s capital markets
• Process more than $6 trillion in fixed income and equity trades every day
• Manage board of director elections for virtually every public company in North America
• Provide transparency into the distribution of over 90% of mutual fund and ETF assets
Broadridge is an NYSE-traded company with over five decades of experience and a 98% client retention rate.
• With Broadridge over 3 years • CPA / CISA with controllership and financial services industry background specializing in
process transformation, internal control, risk, regulatory and technology matters • 13 years public accounting experience with Ernst & Young New York Financial Services
Office Current Roles:
• Finance strategic planning on initiatives, projects and system enhancements globally • Project Management oversight for all major financial systems projects as well as business
transformation initiatives across the organization, incorporating business and IT • Lead Global Corporate Sarbanes Oxley, Finance Business Information Security Office
(BISO), FFIEC compliance and Finance Risk Management programs.
Major Oracle Project Implementations • Advanced Controls January 2014-Present • Advanced Collections Strategies April 2014-January 2015 • Project Costing January 2014-January 2015 • R12 Upgrade January 2013- November 2013 • Billing Initiative January 2009-December 2012
Business Challenges • Challenges implementing our Finance strategic initiatives (Finance Transformation) to
centralize, standardize and automate due to limitations with Oracle EBS functionality.
• Typical business response to control issues is reactive leading to manual workarounds. User business process controls tend to be manual and time consuming (performed outside of Oracle EBS).
• Need to implement better governance and proactive monitoring controls as Broadridge expands its Global Shared Services model.
• Difficulty integrating acquisitions onto Oracle EBS platform in a timely manner due to business nuances and time constraints spent testing/ regression testing, patching and implementing custom solutions.
• Need for more Agile deployment of solutions through every module, organization, ledger and form within Oracle
• Reduce audit costs, reduce maintenance costs, increase IT productivity.
• More easily implement automated preventative Anti-fraud controls standardizing business rules while leveraging Oracle EBS functionality.
Benefits of Oracle Advanced Controls • As finance’s transformation continues to evolve, provides platform to standardize oversight
and sustainability on process, people and data required for a successful model
• Moves the business thinking and capabilities surrounding control process enhancement from a manual to an automated control effort more fully leveraging native functionality embedded within Oracle EBS suite of modules.
• Toolset to reduce the forms personalization and subsequent CEMLIS with the Oracle Suite, allowing shorter time to production on changes and the ability to redeploy IT resources to more value added initiatives.
• Agile deployment of toolset through every module, organization, ledger and form within Oracle using standard Oracle Functionality
• Protect application data and mitigate risk of sensitive application data changes without appropriate approval and audit trails.
• Reduce audit costs, reduce maintenance costs, increase IT productivity.
• More easily implement automated preventative Anti-fraud controls
Advanced Controls Delivers Strong ROI • Expected accelerated payback solely based on IT and business savings devoted to process
optimization and streamlined Oracle workflows without quantification of benefits of reduced risk and improved controls. After being presented a demonstration of the toolset, the IT teams were able to review the list of scoped projects from the business and show where these tools could be leveraged to accelerate the implementation of various technology enhancement requests.
• Savings realized as a result of enhanced fraud mitigation within our disbursements area (cannot be easily quantified though the costs of a fraud committed could potentially be enormous and the organizational impact devastating).
• Realized Organizational savings in reduction of development time and finance resource redeployment as the tool is deployed on other areas of the organization.
• Implementation allows finance organization more control capabilities and flexibility as it
expands its Global Shared Services model.
• In addition to the use cases outlined within the Appendix, due to the fact that the toolset provides a standard framework of configuration and controls, all of the acquisition integration projects has benefitted from the use of Oracle Advanced Controls.
• While the focus of the toolset starts as compliance, the strength of the product allows it to optimize business performance across all areas using Oracle.
“Oracle’s GRC solution provides a unique approach to the problem of risk management by automating risk controls which are embedded into critical business
processes; applying leading edge technologies to solve complex risk challenges.”