Financial controls.

• Position: TechnologyTOOLS - LogicalApps's Active Governance 7.1

LogicalApps, a provider of embedded governance software for enterprise applications, has released an extensive library of controls for Oracle E-Business Suite, representing best practices in financial management. Delivered as part of Active Governance 7.1 platform, this new solution "helps ensure the integrity of financial data and improve the efficiency of the financial reporting process by monitoring user activity, financial transactions, changes to master data and application setup activities within the ERP [enterprise resource planning] environment," the Irvine, Calif.-based company said in an announcement.

The Active Governance pre-packaged controls for financial integrity are categorized into three functional groups: Operational controls encompass basic transaction, application setup and master data validation; Risk Management controls identify significant cash, credit and asset risk exposure; and Reportable Event controls address the fiscal responsibility that companies have to disclose any material event that may potentially impact the organization's financial health.

"Many solutions intended to address enterprise compliance, governance and risk are like holiday gifts--some assembly required, and batteries not included," said Michael Dortch, principal business analyst with Robert Frances Group. "By embedding its solution directly within applications such as the Oracle E-Business Suite, LogicalApps addresses the 'first mile' and 'last mile'...