Discovery Communications Chooses Approva For Continuous Visibility Into Financial Systems and Security
November 10, 2004 - Vienna, VA
Approva® Corporation, a leader in enterprise controls management software for ERP business processes, today announced that Discovery Communications, Inc., the leading global real-world media and entertainment company, has selected Approva BizRights® to enhance visibility and security within the company’s internal controls. Discovery has deployed BizRights to monitor its SAP® R/3® environment.
“BizRights translates SAP terminology into a language that business people understand,” said Debra Rolando, corporate controller at Discovery. “Finance staff can define appropriate roles among the thousands of codes within our SAP system necessary to grant employees the right authorizations to get their jobs done efficiently and securely.”
Approva’s flagship software, BizRights, enables companies to identify, test, manage and monitor internal controls. Unlike snapshot audits that quickly become outdated, BizRights monitors financial controls in real time and proactively alerts process owners to discrepancies immediately. BizRights allows customers like Discovery to have a more detailed view of the authorizations and configurations within and across their ERP systems. With BizRights, financial managers can run detailed reports, highlighting possible segregation of duty discrepancies by user and role. These managers can define customized business rules, and can be notified when those rules are not followed. BizRights enables users to proactively manage risk by simulating all change requests against existing business rules.
“Discovery decided to increase efficiency and security around its internal controls and gain greater value from its existing SAP environment,” Prashanth (PV) Boccasam, CEO of Approva, said. “We are very pleased that such a progressive company has selected Approva’s software. The company is sustaining and advancing its leadership role by enhancing collaboration between finance and IT to gain greater control over, and visibility into, its internal business processes.”
About Approva Corporation
Approva Corporation is a leader in enterprise controls management software for ERP business processes. Continuous monitoring has become increasingly critical as companies consolidate their ERP instances, upgrade to new versions and roll out ERP to more users. Complying with government regulations amplifies the need for companies to increase the frequency, accuracy and depth of their audit process. In contrast to existing snapshot-in-time tools or manual solutions, Approva BizRights® product suite is an integrated monitoring business application that is continuous, business-friendly and proactive. Its business user-oriented solutions help financial executives; business managers, application security and auditors continuously identify, document, test, remediate and monitor business controls. The end results are greater visibility into business risk, improved compliance and increased efficiency. For more information visit us at www.approva.net.
About Discovery Communications
Discovery Communications, Inc. is the leading global real-world media and entertainment company. DCI has grown from its core property, the Discovery Channel, first launched in the United States in 1985, to current global operations in 160 countries and territories with one billion cumulative subscribers. DCI's 60 networks of distinctive programming represent 21 entertainment brands including TLC, Animal Planet, Travel Channel, Discovery Health Channel, Discovery Kids, Discovery Times Channel, The Science Channel, Discovery Wings Channel, Discovery Home Channel, Discovery en Español, Discovery HD Theater and FitTV. DCI's other properties consist of Discovery Education, Discovery.com and 120 Discovery Channel retail stores. DCI also distributes BBC America in the United States. DCI's ownership consists of four shareholders: Liberty Media Corporation (NYSE: L), Cox Communications, Inc. (NYSE: COX), Advance/Newhouse Communications and John S. Hendricks, the Company's Founder and Chairman.