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Streamlining Segregation of Duties for SOX Compliance in Oracle ERP Cloud with Fastpath Assure®
Technology Category
- Application Infrastructure & Middleware - API Integration & Management
- Infrastructure as a Service (IaaS) - Cloud Computing
- Infrastructure as a Service (IaaS) - Cloud Middleware & Microservices
Applicable Industries
- Telecommunications
Applicable Functions
- Business Operation
Use Cases
- Cybersecurity
- Regulatory Compliance Monitoring
- Remote Asset Management
Services
- Cloud Planning, Design & Implementation Services
- Cybersecurity Services
The Challenge
The Trade Desk, a technology company offering a self-service, cloud-based media-buying platform, experienced rapid growth and went public in 2016. This success brought with it the need for Sarbanes–Oxley (SOX) compliance as well as other checks and balances to ensure smooth operations and audits. At the time of the IPO, The Trade Desk was using Intacct as its ERP system but by 2018 had outgrown it and chose Oracle’s Cloud ERP. After evaluating their segregation of duty (SoD) and other requirements, the company determined that the user access and security product closely associated with Oracle did not measure up to Fastpath Assure.
About The Customer
The Trade Desk is a technology company that offers a self-service, cloud-based media-buying platform where ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. The company maintains a pure, buy-side focus, maintaining objectivity, independence, and transparency. Launched in 2009, The Trade Desk has quickly become the fastest growing demand-side platform in the industry, going public in 2016 with triple digit revenue growth and profitability in an industry ruled by Google and Facebook. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific.
The Solution
The Trade Desk selected Fastpath Assure for SoD reporting and security tools with direct integration to Oracle ERP Cloud. Fastpath Assure is a comprehensive, interactive tool that enables companies to identify security conflicts within their ERP application, better understand their overall security, and provide the necessary documentation to both internal and external audit teams. The Trade Desk was already using Fastpath with Intacct, so they expanded their use to include SoD with their new Oracle implementation, since SoD was a requirement of the SDLC (software development life cycle) controls. Both systems were up and running fully in July 2019. Around the time the Oracle implementation was completed, Fastpath rolled out the audit trail module for Assure. This was fortuitous because Michael’s team discovered that there were required reports that Oracle was not equipped to provide.
Operational Impact
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