Approva Corporation - Continuous Controls Monitoring Software

Approva’s Approach

Approva automates controls testing and monitoring for your accounts receivable processes. Continuous monitoring and analysis ensures orders are accurate and automatically identifies exceptions to corporate policies including inappropriate changes to configuration settings and vendor master data. The net result is increased confidence that all of your shipments and customer payments are accurate so you can maximized revenue and reduce order processing transaction costs.

Key Benefits

Suspicious Shipments

Immediately identify suspicious orders. Approva can automatically identify credit extended to customers without proper approvals, shipments to blacklisted customers and late payments which violate contract terms.

Reduced Excessive Discounts

Identify orders with excessive discounts including orders lacking proper approval, discounts offered to customers with poor payment history and orders with improper payment terms.

Reduced Transaction Costs for Orders

Automated monitoring catches mistakes when they occur. Fixing problems up front is much less time consuming and costly than tracking down errors long after the fact. In addition, time consuming manual audits can be virtually eliminated as auditors rely on Approva's continuous monitoring capabilities.