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Oracle Internal Controls Manager

Oracle Internal Controls Manager. Krista Ladd. Silicon Image, Inc. Semiconductor company located in Sunnyvale A leader in multi-gigabit semiconductor solutions for the secure transmission and storage of rich digital media Stats: Revenue = $105 million in 2004 Headcount = 350 people

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Oracle Internal Controls Manager

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  1. Oracle Internal Controls Manager Krista Ladd

  2. Silicon Image, Inc. • Semiconductor company located in Sunnyvale • A leader in multi-gigabit semiconductor solutions for the secure transmission and storage of rich digital media • Stats: • Revenue = $105 million in 2004 • Headcount = 350 people • Clean 404 Opinion for 2004 • Oracle ERP • 90 day implementation – live May 2, 2003 • Financials, Order Management, Manufacturing, OSFM, HR, Purchasing, Portal…. Silicon Image Confidential

  3. Why SIMG Chose Oracle ICM over Competitors • Oracle had partnered with large accounting firms to create the software • This made us confident that auditor requirements would be included in the core functionality • The integration tools of ICM work well with our existing Oracle ERP environment. • Linking processes to key accounts in the GL • Workflow with approvals • Our users have Oracle easily accessible to them now and already have a familiarity with the system, navigation and support process. Silicon Image Confidential

  4. ICM Deployment Status • Purchased product in Q3-2004 but decided to postpone implementation until 2005 • Majority of documentation already complete with manual process • Internal functional resources were not available • Used Segregation of Duty violation reporting in 2004 • Found issues internally before auditors and were able to remediate effectively Silicon Image Confidential

  5. ICM Deployment Status • Deploying ICM for 2005 certification • Business users are actively implementing this quarter and will use ICM for Q2 testing and retroactively enter Q1 results into ICM • Benefits of the delayed implementation: • Better understanding of auditor requests (reports, etc.) and terminology • Oracle development continually upgrading to meet all the audit requirements and we can benefit from these • For example, IT Audit and enhanced reporting are available in AMW.C / 11.5.10 Silicon Image Confidential

  6. Partners Used • Price Waterhouse Coopers was our auditing firm • PwC was very impressed with our use of Oracle ERP to automate as many controls as possible – with more coming in 2005 • For example, Journal Approval, iExpense, iProcurement and created numerous Oracle Alerts as compensating controls • Also, hired Horn Murdock Cole consulting for our internal audit function • Worked with BPO’s to create documentation and performed internal testing & remediation Silicon Image Confidential

  7. ICM Lessons Learned • Requires major functional support resources • Sarbanes-Oxley is complicated and a typical IS/IT employee cannot fully understand how it all flows together • The set-up is pretty easy from a technical perspective – most of the set-up time is spent working with the functional user identifying their documentation strategy and requirements. Silicon Image Confidential

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