Approva Corporation - Continuous Controls Monitoring Software

What is General Ledger Insight?

Automate controls monitoring for your general ledger. Flag unusual journal entries, inappropriate changes to the chart of accounts, and high risk configurations that can directly affect your financial statements.

General Ledger Insight Software Capabilities

Dashboards & Reporting

Drill down from graphical dashboards to detailed reports to quickly assess exceptions, identify trends and understand the impact to your business. Dashboards and reports are easy to configure and personalize. Reports can be delivered in multiple formats including Microsoft Excel, Adobe PDF, and HTML.

Library of Best Practice Business Rules

Analyze entries to your general ledger with a comprehensive set of business rules and control tests that identify breakdowns, discrepancies and potential fraud. An easy-to-use graphical interface enables users to quickly create and edit business rules.

Proactive Notifications

Proactively alert managers via e-mail whenever inappropriate transactions occur or critical configurations change. Users can also subscribe to regularly receive reports via e-mail.

Research & Remediation

Manage and remediate exceptions directly from the Approva user interface. Exceptions can be assigned to colleagues to resolve. Collaboration features make it easy to gather information and document the resolution plan. Interfaces provide links back to your financial and payment systems so you can access the offending invoice, purchase order or related document. All collaboration information is retained for audit.

360° View of Exceptions

Rich contextual information provides a complete picture of each exception. When exceptions are found, users can easily drill down to access additional details about the exception and see related information and documents.

Detailed Monitoring of General Ledger Controls

Monitor general ledger transactions related to fixed assets, depreciation, subledger data uploads, journal posting periods, threshold amounts, reconciliation, period-end close, reporting and more.

Reduced Fraud & Mistakes

Lower the potential for financial restatements by identifying fraudulent or inappropriate transactions as they occur so immediate action can be taken.

Policy Enforcement

Automate controls for the general ledger process and flag transactions and users that circumvent defined procedures without slowing down the close process.

Reduce Audit Preparation Time

Eliminate time spent running reports, documenting approvals and investigating anomalies.

Accelerate the General Ledger Review Process

Close the books faster by identifying and resolving issues more quickly. When issues arise, rule authoring capabilities support fast, detailed analysis.