ARMI - KN

We are witnessing the greatest digital transformation ever as organizations are moving from legacy ‘on-premise’ ERP systems to cloud-based ERP systems (SaaS applications). Though management is investing millions into the implementation of these SaaS applications, experts estimate that up to 90% of them fail. Why? Because “success” isn’t always about going live on time, within budget or with the expected functionality, as many system implementation partners may believe. It’s about long-term success, security, and sustainability

At ERP Risk Advisors, ERP security and controls are our core business. We specialize in helping organizations secure their ERP systems and avoid costly breaches. But today, I want to speak to you not as a professional, but as an individual who understands how vulnerable we all are to identity theft in today’s cyber landscape. 

We are witnessing the most significant digital transformation in global history – surpassing the massive Y2K tech boom. This shift is largely driven by evolving cyber security risks in our work from home era and modernization of business processes. 

“The definition of insanity is doing the same things over and over again but expecting different results”.  

Hopefully by now you have heard that Oracle is rolling out a major change to the login process and management thereof for Oracle Cloud. This change is starting will roll out to customers after the 25B quarterly update goes live. Here’s a brief, high-level overview of what this will look like.

Disruption in the risk advisory industry has influenced industries time and time again over the years.

We are excited to share a long-awaited major enhancement in 25B from Oracle: Multi-Factor Authentication (MFA) is now being implemented for Supplier Portal accounts. A BIG WIN!!!

In release 25B, Oracle will begin to introduce the most significant overhaul related to application security. 

Having been in this space for over 25 years, I have seen the good, the bad, and the ugly.  The deck is stacked against a secure and compliant ERP system implementation. Most publicly traded organizations implementing a new ERP system likely will have one or more “Significant Deficiencies” in the first year that should be reflected in audit findings. However, auditor ignorance often prevents these from being recognized.

A digital revolution is upon us! We are witnessing the greatest digital transformation since Y2K thanks to perpetual patch cycles within SaaS Applications. Organizations are ridding themselves of building and managing data centers by moving their legacy applications to hosted data centers. And thus moving many of their legacy applications to modern SaaS applications.