CAOSYS, a software solution company in the Governance, Risk and Compliance (GRC) space, has announced the release of CS Applications 2024/R1A, the latest iteration of its integrated solutions tailored for Oracle E-Business Suite (EBS).
The new version reflects CAOSYS’s determination to enhance user experiences by incorporating customer-driven improvements and new features across its lineup.
The enhancements aim to address evolving Oracle EBS requirements while maintaining system stability and performance with the release offering an optimized upgrade process, taking less than 30 minutes in most cases, to ensure less disruption for users.
CAOSYS has encouraged its existing customers to adopt the new version to benefit from new features, crucial system fixes and improved functionality to meet today’s operational challenges. Users can download the update directly from the CAOSYS Support Portal, where comprehensive documentation and release notes are also available.
Enhanced tools for access and risk management
One of the key tools in this release, CS Comply, provides robust capabilities for managing Segregation of Duties (SoD) and sensitive access risks. Its features include:
- Comprehensive risk reporting to assist auditors.
- Easy identification and management of SoD violations.
- Preventive controls to mitigate risks before they arise.
- Integration with Oracle EBS for a seamless user experience.
Similarly, CS Provisum PAR simplifies and automates user access reviews. With features like automated de-provisioning, access risk visibility and process owner reviews, it streamlines what was once a manual, labor-intensive task. Automatic reminders and escalations can further ensure deadlines are met efficiently.
CAOSYS also highlighted that it remains committed to supporting its customers with personalized assistance for this release. Users with questions or seeking additional guidance are encouraged to reach out to the support team.
With CS Applications 2024/R1A, CAOSYS continues to deliver innovative solutions that enhance the Oracle EBS ecosystem, ensuring organizations stay ahead in a dynamic business environment.
What it means for ERP Insiders
Revolutionizing the ERP Workflow for Oracle EBS Users: For Oracle EBS professionals, from system administrators to compliance officers, the launch of CAOSYS’s CS Applications 2024/R1A can be a game-changer. Designed to streamline workflows and mitigate risks, this release prioritizes user needs with an optimized upgrade process requiring minimal downtime. With enhanced tools like CS Comply for managing Segregation of Duties (SoD) and CS Provisum PAR for automating user access reviews, the new functionalities can reduce manual workloads and bolster regulatory compliance. These innovations promise to simplify day-to-day operations while delivering greater system stability, enabling ERP users to focus on strategic initiatives instead of routine maintenance.
A Growing Market for GRC in ERP Systems: The release of CS Applications aligns with broader trends in the Governance, Risk and Compliance (GRC) software market, which is expected to surpass $70 billion globally by 2027, driven by growing regulatory demands and digital transformation efforts. Competitors like Fastpath and SafePaaS are also innovating within the Oracle EBS ecosystem, offering solutions that address SoD management and access risk. At the same time, CAOSYS’s tailored focus on Oracle EBS ensures its offerings are tuned to the platform’s unique challenges. This commitment positions CAOSYS as a partner in navigating the increasingly complex GRC landscape.
Choosing the Right GRC Solution for Oracle EBS: When evaluating GRC solutions, Oracle EBS users should prioritize key factors such as seamless integration, scalability and ease of use. Providers like CAOSYS that offer robust support, clear documentation and customer-driven enhancements stand out in this competitive space. Tools like CS Comply, with its comprehensive risk reporting and preventive controls, exemplify the importance of proactive risk management capabilities. Additionally, the ability to execute upgrades with minimal disruption reflects a provider’s understanding of operational priorities. By focusing on these criteria, organizations can ensure they select a solution that meets immediate needs while adapting to future demands.
