Lumigent Technologies has announced the availability of AppGRC for PeopleSoft Financial Management, the industry’s first automated GRC control application for Oracle’s PeopleSoft Enterprise Financial Management Solutions.

By automating compliance reporting, AppGRC for PeopleSoft Financial Management disrupts the traditional relationship between increased regulations and increased compliance spending. AppGRC for PeopleSoft Financial Management is a finished business application that runs alongside PeopleSoft Financials to strengthen the integrity of critical business operations and reporting for a PeopleSoft implementation that uses IBM DB2, Microsoft SQL Server, Oracle, or Sybase databases.

Through automated, data baselining, and continuous monitoring of data and controls at the database layer, AppGRC for PeopleSoft Financial Management enhances the integrity of financial reporting and decision making by providing persuasive, source-level information—the who, what, when, and before/after values. AppGRC for PeopleSoft Financial Management doesn’t just monitor the controls—it is the control system, and it captures every single change to the source data it monitors, no matter who or what initiates it—another application, privileged user, hacker, etc. Through continuous monitoring, it also assures that a report of “no change” is provable and persuasive thereby satisfying all of the requirements for auditors.

AppGRC for PeopleSoft Financial Management is preconfigured to monitor the most critical application data and can be up and running in days rather than months. Still, it can be extended and configured to meet an individual organization’s unique controls and regulatory requirements. The business processes AppGRC for PeopleSoft Financial Management addresses include financial accounting and reporting, purchase to pay, order to cash, fixed assets, inventory management, and manufacturing.