Approva Corporation - Continuous Controls Monitoring Software

Approva’s Approach

Approva consolidates all p-card related data and enriches it with related information. Continuous monitoring and analysis ensures expenses are valid and automatically identifies exceptions to internal policies and external regulations that result in fraud, waste or compliance risk. Automated reconciliation and workflow capabilities simplify exception management and ensure issues are addressed in a timely and appropriate manner.

Key Benefits

Reduced Waste & Fraud

Immediately identify waste and fraud such as duplicate payments, late fees, split transactions and other misuse. Approva can also automatically identify rogue purchases with non-preferred vendors which do not take advantage of available discounts.

Increased Rebates & Discounts

Grow your rebates program by increasing dollar limits, transaction limits, and adding new MCCs and card users with the assurance that 100% of p-card transactions are being monitored. Approva's solution also helps you negotiate more favorable supplier discounts by gaining visibility into your true spending volumes.

Reduced Monitoring & Admin Costs

Automated monitoring eliminates costly and time consuming manual audits and ensures 100% of transactions are reviewed. P-card holders also spend less time on administrative tasks since many processes, such as reconciliation, are automated.