How Controls-Intelligent is your company?
Posted on June 2nd, 2008 by Steve Elliott »Permalink
My friends in the governance, risk and compliance world tell me that this year’s major industry conferences like SAP GRC 2008, COLLABORATE-08 and ASUG 2008 all point in one direction as far as continuous controls monitoring goes – companies are hungry for an end-to-end approach that goes beyond separation of duties (SoD) and Sarbanes Oxley (SOX) compliance to what we at Approva call an integrated Controls Intelligence strategy. What do we mean by that? Currently, a huge majority of companies are using the piecemeal approach to continuous monitoring, kind of like making sure the doors and windows of your house are shut and the fire alarm is working. But we all know that the ADT security system is the protection net that keeps you at peace while you are at the beach. The Approva Controls Intelligence solution is like the ADT system ensuring all critical company assets are protected, be it financial, IT, business processes.
But more importantly, have you switched to a controls intelligence platform that provides you an end-to-end solution to governance, risk and compliance? Most recently, Approva has developed the BizRights Version 4.1 that takes a targeted approach to user access and system configuration monitoring, whether they’re using Oracle, PeopleSoft, SAP, or another ERP system.
With Approva BizRights 4.1 Controls Intelligence Suite, we’ve given our customers access to something that no one else can offer – accurate, unified views of their enterprise-wide controls environment. This allows them to bring financial controls together with IT so that they can independently validate the state of their controls, without worrying about their ERP vendor’s release schedule.
This adds a one-of-a-kind element of speed and visibility to controls that helps our users reduce risk, speeds up operations, bolsters enterprise security and lessens compliance obligations. BizRights 4.1 also gives our Oracle and PeopleSoft customers something we think they’ll really appreciate – a performance-driven controls monitoring solution that bolsters enterprise security and protects the company’s resources from unmitigated risks. Here’s what Treasury & Risk Management magazine had to say about Approva’s BizRights Version 4.1.
So if your company is considering taking its risk and compliance strategy to the next level, please take a look at how some of our customers have optimized the Approva BizRights Controls Intelligence solution to achieve far-reaching results in their compliance efforts.
Tags: Tags: BizRights, controls intelligence, Approva
June 24th, 2008 at 12:38 pm
[...] We’ve been talking a good deal in recent months about Controls Intelligence, which enables you to independently and intelligently validate and monitor the effectiveness of your controls across the business. Controls Intelligence provides crucial speed and visibility to controls that helps users reduce risk, speed up operations, bolster enterprise security and fulfill compliance obligations. [...]
June 26th, 2008 at 6:27 am
[...] As we’ve mentioned in our discussions of Controls Intelligence, we at Audit Trail are all about providing crucial visibility into business operations — which is why we were very interested to see this his piece from Marketwatch, about the ways that employers are working to ensure that benefits being paid to employees and dependents are actually going where they are supposed to. According to a recent survey from benefits consulting firm Watson Wyatt, more than half of the almost 500 large employers questioned said that they planned to conduct dependent audits this year — and 74% are planning audits in the next year. With benefits costs rising every year, ensuring that they’re paid to employees and eligible dependents is one important way to make sure that benefits costs stay where they should. We happen to recommend automated processes instead of manual audits (to streamline the process and save on resources), but the aim is the same — making operations run as efficiently and effectively as possible. [...]
December 28th, 2009 at 6:30 pm
Thank you for writing this, I can not find an information which is so clear and through up to now. Erp, customer relationship management are my favourites, please check.