U.S. Department of State Selects Infor to Improve Risk Management Capabilities
Infor recently announced the U.S. Department of State’s (DoS) selection of Infor Risk & Compliance (IRC) to help reduce risk and automate compliance obligations. Per the press release, DoS selected IRC and Infor’s implementation partner New River Systems and MIL Corporation in particular to automate and centralize its risk mitigation process to increase efficiency and help ensure that all risks were identified and remediated to be in compliance with audit requirements, reduce the risk of fraud, reduce the amount of time spent on reviewing segregation of duties (SoD) conflicts, and reduce funds spent on external auditors. Additionally, the DoS was recently granted an Authorization to Operate (ATO) – the result of a formal process that authorizes operation of a product and explicitly accepts the risk to agency operations – for its Infor solution. Further, the Infor Risk & Compliance solution will aid the DoS in extracting enterprise resource planning (ERP) application data, analyzing the extracted data, and reporting violations or exceptions identified during analysis, saving staff time and increasing efficiency. Specific role access and monitoring existing user accounts and role assignments will create more control over access. The department will be able to automate the process of evaluating access to sensitive data, reducing internal business process risks.
