Approva Corporation - Continuous Controls Monitoring Software

Approva’s Approach

Approva provides visibility into controls across the organization and automates controls testing at all levels from entity-level controls to business process controls and general computing controls. With Approva you can replace redundant manual controls with fewer, more effective and precise preventive controls and reduce the need for costly mitigating controls. The net result is fewer, more effective controls that reduce red tape and more effectively reduce risk and fraud.

Key Benefits

Reduced Cost of Testing Controls

Approva enables faster and more comprehensive controls testing by replacing manual controls with automated continuous monitoring. In addition, Approva enables you to implement automated compensating controls that monitor user activity within your financial applications.

More Reliable and Efficient Controls

Automated controls are not subject to human error and can be executed by management more efficiently. This saves managers significant time in performing control-related tasks on an ongoing basis. It also reduces the audit preparation burden.

Improved Operational Process Efficiency

By automating and standardizing controls, Approva improves visibility across business processes. Processes can be centralized and standardized where appropriate. Best practices can be identified and shared, and expenses can be reduced through shared services organizations or outsourcing.

Improved Compliance at a Lower Cost

Approva reduces the cost of compliance while strengthening controls and reducing risk. By replacing manual, detective controls with automated, preventive controls, Approva increases reliability and reduces the infrastructure required to test and audit controls. The effort required for documentation, sampling, testing, and audit trails is all reduced.