Risk management is a process to identify potential risks in advance, analyze and assess the risks and take precautionary measures to reduce/curb the risk. Risks are usually classified into three types: financial risks, operational risks and strategic risks.
Oracle Cloud provides a comprehensive and integrated set of cloud services for risk management, including:
– Financial Risk Management: Analyze financial risk and opportunity across your organization with Oracle Financial Consolidation and Close Cloud Service and Oracle Financial Planning and Budgeting Cloud Service.
– Operational Risk Management: Improve visibility into and management of operational risk with Oracle Enterprise Risk Management Cloud Service.
– Strategic Risk Management: Model, simulate and analyze strategic risk and opportunity with Oracle Strategic Planning and Simulation Cloud Service.
Oracle Cloud services for risk management help organizations to:
– Improve risk management process
– Reduce cost and complexity
– Increase agility
– Improve decision making
– accelerate innovation
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