Approva
Confidence in the integrity of your business systems, processes and transactions.
Approva provices continuous controls monitoring (CCM) software and services. Founded in 2002, in the wake of high-profile collapses like Enron and WorldCom, Approva created a new category of software (now known as CCM) that enables organizations to implement automated business controls that not only prevent future scandals, but also help them run their business better.
What We Do
Approva enables finance, internal audit and IT organizations to fundamentally shift the way they approach governance, risk and compliance (GRC) by embedding real-time risk monitoring into existing business processes. Approva's software suite, Approva One, enables organizations to identify and respond to risks and business exceptions that impact their performance. In the absence of a CCM solution these issues would never be caught or would be uncovered weeks or months after the fact — when it is much more costly to repair the damage and is oftentimes not possible.
How We Do It
Approva monitors and analyzes what users "can do" and what they "did do" in your financial and business systems including SAP, Oracle and PeopleSoft. Approva monitors 100% of your users and 100% of the transactions they execute in your systems. We identify exceptions and control breakdowns right when they occur. Then we immediately route this information out to the people who are in a position to fix the issue along with additional context about how it happened in the first place.
Why the Love?
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Finance
Finance loves us because we provide confidence in the integrity of their financial results and systems without breaking the bank or strangling productivity.
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Internal Audit
Internal Audit loves us because we automate repetitive audit activities so they can focus on more value-added activities.
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IT Security
IT Security loves us because we enable them to automate and push ownership of business controls out to business owners.
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How We're Different
Approva is the only
CCM system that does...
Approva is the only CCM system that does: Multiple Controls; Serve Finance, Audit and IT; Independently Validate Controls; Provide Rich Business Context; Multiple Applications
Benefits of Approva
- Reduced Risk
- Eliminated Fraud
- Reduced Audit Preparation Time
- Reduced Compliance Costs
- Correct Payments
- Eliminated Accounting Errors
- Efficiency
- Audit Quality
- Financial Reporting Accuracy
- Learn more about Approva One
Other CCM solutions focus narrowly on monitoring one type of risk, a single application (e.g. SAP, Oracle, etc.) or else they serve the needs of only a single department or role (e.g. internal audit).
And if that wasn't enough, continuous controls monitoring is the only thing we do. No other company has more experience and expertise than Approva.
Customers
Approva's products are the industry standard at the major audit and advisory firms as well as approximately 200 of the world's largest companies who rely on Approva to manage their controls. Selected customers include Bayer, DirecTV, Cameco, Canadian National Revenue Service, Honeywell, Kraft, Limited Brands, Northrop Grumman, Pratt & Whitney, Siemens and T-Mobile.