Industry?s First Instant Non-Intrusive Controls Verification


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Sarbanes Oxley : Technology : Change Detection

Industry?s First Instant Non-Intrusive Controls Verification

BizRights is Only Solution to Allow Instant Verification of Corporate Controls Without Losing Audit Independence or Compromising ERP Application Performance

Prashanth Boccasam
President and CEO
Approva

Approva Corporation, the leader in enterprise controls management software, has introduced a new version of its BizRights software that includes Verify-on-Demand capabilities. With it, BizRights now offers the industry?s only instant insight into the impact of authorization change requests against live data without risk of compromised controls or degraded application performance. The Verify-on-Demand capability allows authorized users to simulate and validate change requests using the freshest possible data while insulating SAP systems from everyday controls management queries.

For companies whose ERP systems have frequently changing authorization models, this new capability helps them manage ongoing change requests while ensuring that new controls violations are not introduced. Unlike intrusive query tools, Verify-on-Demand from Approva maintains the independence of audit from the production system and ensures that system performance is not jeopardized.

"The on-demand model is ideally suited for Enterprise Controls Management software," said Prashanth (PV) Boccasam, president and CEO of Approva. "With Verify-on-Demand, BizRights lets auditors and security managers instantly access relevant ERP information to ensure that proposed change requests will not result in controls violations. But because BizRights remains independent from the underlying ERP systems, it still insulates these mission-critical production systems from the strain of constant user requests."

In addition to Verify-on-Demand, BizRights Version 2.3 includes expanded rule management capabilities, allowing users to target BizRights analysis to a specific set of rules. While other products base their rules on arcane database tables with thousands of rows of ERP-centric codes, BizRights organizes its controls into functional rules and rule books that are recognizable and intuitive to business managers and process owners. This allows users to focus only on the relevant controls and violations for their business area, enabling faster resolution of issues and more cost-effective controls reviews.

BizRights version 2.3 includes broad enhancements to the reporting capabilities with flexible subscriptions for personalized information delivery and archiving for permanent audit records. Using the Microsoft SQL Reporting Services (SRS) engine, BizRights allows users to subscribe to specific reports based on their own customized criteria and delivers only the most relevant insight without requiring constant analysis. Archiving capabilities have also been enhanced with the ability to save reports in permanent PDF files, creating an audit-ready record of important documents, such as violation reports and remediation logs.

To gain maximum value, many industry leaders are now urging companies to look for business and process improvement, while meeting legal and regulatory mandates, to maximize return on investment. BizRights is unique in not only helping organizations comply with federal mandates, but also enabling these efforts to be parlayed into overall business process improvements. Concluded Boccasam, "Approva software is built from the ground-up as a business-friendly solution and is the only tool that can serve organizations who demand that compliance spending also provide comprehensive performance management improvements."

Approva Corporation enables large organizations to transform compliance efforts into competitive advantage. By offering unique, continuous and actionable insight into business processes, Approva software provides sustainable compliance and delivers improved control, increased profit and enhanced shareholder confidence. The patent-pending Approva BizRights? platform is the first product to allow all corporate compliance stakeholders ? including business managers, auditors, and information technology specialists to collaboratively manage controls and optimize related processes. BizRights provides continuous, independent visibility into ERP activity, producing business-friendly reports that both business and IT managers can act upon.

The software correlates user, transaction and system setting data against pre-defined and configurable rules to proactively pinpoint control violations and business exceptions. Valuable risk analysis ranks the impact of potential violations for improved prioritization. With BizRights, companies can resolve issues faster, prevent new control conflicts and create complete audit trails for change management. Global brands such as Colgate-Palmolive, Wrigley, Pratt & Whitney and others are reducing the cost of compliance, minimizing business risk and increasing operational efficiency with Approva solutions. For more information, visit us at www.approva.net .

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