Risk Revolution Blog

When embarking on a Digital Transformation Project, management strives to avoid becoming a headline in the news  due to significant cost overrun or Significant Deficiencies in their first external audit after going live. In this six-part article series we are exploring the six systemic biases working against a successful ERP Implementation. In the first article, […]

How confident are you that your risk advisory firm or your system integrator correctly implemented least privilege access and segregation of duties conflict-free job roles in your Oracle ERP/HCM Cloud system?  Here’s the harsh reality … rarely do we see other firms in this space get it right.    More than 95% of the roles we […]

Having been in this space for over 25 years, I have seen the good, the bad, and the ugly.  The deck is stacked against a secure and compliant ERP system implementation. Most publicly traded organizations implementing a new ERP system likely will have one or more “Significant Deficiencies” in the first year that should be […]

We are witnessing the greatest digital transformation ever as organizations are moving from legacy ‘on-premise’ ERP systems to cloud-based ERP systems (SaaS applications). Though management is investing millions into the implementation of these SaaS applications, experts estimate that up to 90% of them fail. Why? Because “success” isn’t always about going live on time, within […]

A digital revolution is upon us! We are witnessing the greatest digital transformation since Y2K thanks to perpetual patch cycles within SaaS Applications. Organizations are ridding themselves of building and managing data centers by moving their legacy applications to hosted data centers. And thus moving many of their legacy applications to modern SaaS applications. Some […]

Managing vendor master data in NetSuite comes with its own set of challenges, especially when compared to other ERP systems who clearly separate entry and approval security objects. NetSuite doesn’t inherently have this segregation built into its standard functionality and permissions. As a result, it becomes crucial for organizations to design roles carefully, ensuring only […]

NetSuite’s System Notes feature provides a vital audit trail for changes made to records within the ERP system, ensuring comprehensive visibility into the modifications of both standard and custom records. This functionality remains enabled and captures extensive information, such as the change’s date and time, user, and role involved. It records the type of change, […]

Customer Invoicing in NetSuite is a streamlined yet multi-step process. It starts with the creation of a quote and moves through several stages—sales order, fulfillment, and finally, the generation of the invoice. For several organizations, it begins when a sales rep creates a quote, detailing the products or services and their associated costs to their […]

Role customization in NetSuite is a powerful tool for tailoring user access to align with specific job functions. It gives organizations the flexibility to control access based on their operational needs. Administrators can choose between copying and modifying existing roles or building roles from scratch. Each method offers distinct advantages depending on an organization’s situation.  […]