The following was the response my friend David wrote to an invite I sent:
my social life consists of wondering why i babel to myself in the morning when i shave… when i forget to shave, i’m lonely… i don’t know what i’m doing past five today… other than having a cocktail… hope i see you both
I try to cultivate relationships with people like this…
I have now seen the Sox win the World Series twice. (I also saw Bill Buckner do his thing as well. Yin and yang.) Can I still claim to be a “long suffering” Red Sox fan? Now that we’ve won twice in four years, what does this mean for the Sox Nation? If we cannot define ourselves using our suffering, our endless series of broken hearts, how can we define ourselves?
Lori Rowland has posted an examination of the state of market given Oracle’s acquisition of LogicalApps. Her analysis of the impact of this acquisition to us independent controls management companies mirrors some of my thoughts on the matter. There was one thing that caught my eye. Lori writes:
There are obvious benefits to implementing Oracle and SAP’s controls management solutions to manage the respective environments. Who knows SAP SOD policies or sensitive transactions better than SAP, right?
Maybe not. I posit that the audit community (both internal and external auditors) have a better sense for what constitutes an SoD violation in their business context than ERP vendors do. Clearly, the ERP vendors know, from a functional stand-point, what each transaction and function does in their products. This enables them to build the “well, duh” SoD policies such as “flag everyone with SAP_ALL.” The “well, duh” SoD policies are the just the ante to play in the controls monitoring game. The meaningful, high value SoD policies come from the audit community and their years of lessons learned working across multiple industry verticals globally. It has yet to been if the ERP vendors will truly cater to this community’s needs. It is the greater audit community that Approva has sought to serve since day one and we’ll continue to do so. Viva independence!
(The following is also available over at Approva’s Audit Trail.)
The deal has been announced and will finally be done in November. Nobody is particularly surprised that Oracle is buying LogicalApps, least of all, us here at Approva. With this transaction Oracle will now have a controls automation tool needed to continue its fight with SAP. Analysts, bloggers, and prospective customers have asked: where does this leave Approva and the answer is – exactly where we want to be: Approva remains the independent controls monitoring company – and the only one with the proven ability to work across applications, in multiple platforms and for any kind of control.
Oracle (and similarly SAP) are taking the approach of strongly tying and embedding their controls monitoring tools in their ERP packages. What’s wrong with this approach? It is fundamentally too limited in scope and vision. Yes, managing controls in ERP systems is critical, especially in a SOX world. But, a tool that scopes controls automation down to SoD analysis for a specific ERP package (and, for that matter, a specific version therein) can only provide a keyhole view and doesn’t truly serve the GRC needs of the enterprise. Since LogicalApps only addressed Oracle E-Business Suite, with this acquisition Oracle continues to neglect its red haired step children: PeopleSoft, JD Edwards, Hyperion, Siebel… where’s the controls love for them? Continue reading "Oracle buys LogicalApps: Approva Remains the Land of Freedom"...