Establish Enterprise Governance Risk And Compliance In Peoplesoft

By Author: appsian
Total Articles: 115
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In the case of legacy ERP applications, it can be incredibly difficult to establish a robust GRC posture. Most legacy ERP systems lack the granular visibility and safety controls necessary to address compliance requirements and manage risk effectively. Organizations are left with costly, time-consuming customizations to fill these holes or rely on clubbing together different 3rd party solutions that can prove to be complicated and costly to manage.

A successful GRC plan must take a comprehensive approach to ensure that sufficient measures are followed, that adequate safety procedures are used, and that all relevant components can work together to meet compliance requirements.

The Importance of PeopleSoft in the Organization's GRC Framework
Your PeopleSoft applications are the center for business-critical transactions for your organization and the heart of your organization's financial, personnel, and organizational data. The amount of confidential data through these applications makes them a vital part of your company's governance, risk, and compliance strategy. The security stature of PeopleSoft applications ...
... needs to change with changing threats as well. Despite robust safety features, however, most ERP implementations are not equipped to handle modern security threats and regulatory enforcement requirements.

PeopleSoft: GRC Challenges

When it comes to GRC, PeopleSoft has the following limitations:
Limited user activity data via logging
Lack of actionable analytics
Lack of support for SAML-based Single Sign-On
Limitations of traditional multi-factor authentication
Lack of dynamic access and privilege management
Sensitive data exposure

The Ideal Solution

To ensure PeopleSoft ERP data security, customers need a data security solution that can provide context-aware layered security features. This would enhance the security and visibility of the PeopleSoft environment. Such a security solution should provide granular PeopleSoft logging and user activity monitoring with the security logs recording all user transactions, fulfilling audit reporting, and enhancing the organization's ability to detect and deal with breaches effectively. It should also add the capability of data discovery and exploration so that breach detection and response efforts can be expedited. Along with that, the security solution should employ multi-factor authentication, data masking as and when required.

Conclusion

Risk management and enforcement have grown from being IT-centric concerns to influencing enterprise-wide business functions such as legal, HR, supply chain, finance, and more influence. Data protection mandates like GDPR have raised the burden on security teams to handle better sensitive data and its threats. The secret here lies in recognizing the needs of your company's particular IT and business framework and integrating features of prevention and remediation throughout.

Monitoring user activity, creating access controls, and removing undue privilege will help meet mandatory compliance obligations as an organizational culture rather than become a compulsory operational burden for PeopleSoft applications.

Appsian One of the leading ERP data security,compliance,implementation solutions provider that gives organizations to complete control and visibility over their ERP data.