Approva Releases BizRights 4.5 to Prevent Fraud, Eliminate Waste and Reduce Risk

Approva Releases BizRights 4.5 to Prevent Fraud, Eliminate Waste and Reduce Risk

New Version Enables Organizations to Identify and Respond to Business Exceptions that Impact Performance Across Multiple Applications, Processes & Transaction Types.

Reston, VA (Vocus) February 23, 2009 -- Approva® Corporation (approva.net), the leading provider of risk and controls intelligence software, today released the latest version of its BizRights® Platform and Controls Intelligence Suite Version 4.5 (http://www.approva.net/products/bizrightsplatform/). The new release provides the most accurate, actionable, and auditable information about key business risks such as duplicate payments, general ledger mistakes, overextended credit, non-compliant travel expenses and purchasing card misuse.

"Building on our success as the market leader in continuous controls monitoring solutions, Approva BizRights Version 4.5 addresses the growing demand for companies to capture additional cost savings from their investments in GRC technology," said Steve Elliott, CTO and senior vice president of products, Approva. "With this new release, companies can identify and respond to business exceptions across an even broader set of business processes. In addition, BizRights 4.5 further automates user provisioning processes and vigorously monitors super user activities, saving significant time and money while reducing risk."

With Approva BizRights 4.5 organizations can proactively monitor enormous sets of data to find and stop mistakes, fraud and unnecessary waste. These enhancements strengthen controls over a broader set of business systems, processes, and transactions so users can capture greater cost savings.

The enhancements and new functionality included in this release provide significant customer benefits:

Find and Prevent Fraud and Costly Mistakes

Approva BizRights version 4.5 includes enhanced data extraction and analysis capabilities to monitor for business risk across systems and processes with very large transaction volumes. This enables customers to expand the scope of systems, processes and transactions monitored using Approva with performance levels that are unmatched in the industry.

Catch Problems Early While They Are Still Easy to Fix

Expanded baselining capabilities proactively alert users when application configurations or sensitive master data fields are altered unexpectedly, exposing business processes to unnecessary disruption or compromising the integrity of underlying data. Detailed reports provide actionable intelligence to accelerate follow-up and enable users to perform root cause analysis when anomalies occur. These enhancements reduce error rates and fraud risk.

Increase Security and Accelerate User Provisioning Processes

Expanded user provisioning capabilities deliver significant cost savings by automating a broader array of user provisioning scenarios such as granting users access to multiple systems with a single request. Additional details about user access requests and history are presented to decision makers so they can make fast, confident decisions when reviewing user access requests. Detailed super user audit trails make self-service emergency provisioning more secure and transparent. These capabilities dramatically improve the response time for user access requests while strengthening security and reducing risk.

Reduce Response Time & Audit Costs with Enhanced Reporting

New out-of-the-box reports reduce the time required to prepare for audits by providing the information most commonly requested by external auditors.

For more information on this release please contact Approva (http://www.approva.net/requestcall/).

About Approva

Approva® Corporation is the industry-leading provider of risk and controls intelligence software and is the industry standard for half of the Big-4 audit firms. We enable business, finance, IT and audit professionals to automate controls across SAP, Oracle, JD Edwards, PeopleSoft and other legacy ERP applications. Global companies such as Bayer, DirecTV, Discovery Communications, First Advantage, Honeywell, Pratt & Whitney, Siemens and T-Mobile rely on Approva to reduce compliance risk, increase operational efficiency and flag exceptions to their business controls. Approva has certified integrations with Microsoft, Sun Microsystems, IBM and SAP to provide a holistic GRC solution. For more information, visit www.approva.net.

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Contact Information Priya Ramesh

Approva

http://www.approva.net

703-956-8409