Approva Announces Availability of BizRights 4.0

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Next -generation controls intelligence platform delivers industry’s fastest solution for monitoring and analyzing controls; scales to address the world’s most complex ERP environments.

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Approva BizRights version 4.0 has allowed us to extract and analyze our ERP controls in significantly less time

Approva® Corporation (http://www.approva.net)], the leading provider of controls intelligence software, today released the latest version of its BizRights® Platform and Controls Intelligence Suite (see related press release). With the performance gains enabled by this release, business, IT, finance and audit professionals will now be able to identify what operational, financial and compliance risks they face faster and with more accuracy than any other solution available on the market today. Customers who have already deployed the latest release report a 70% performance improvement.

“As a beta customer for BizRights version 4.0, we had first-hand experience with the huge improvements Approva has made in terms of scaling up the analysis engine. We have seen significant reductions in the time required to extract and analyze our controls information,” said Bob Delbango, commercial business analyst, Siemens Power Generation.

Approva BizRights version 4.0 ships with the patent-pending PredictX™ technology that enables companies to independently and intelligently validate and monitor the effectiveness of their controls. PridictX eliminates false positives and turbo-charges controls analysis and reporting so that users know exactly what risks they are taking and are audit-ready at all times. Users can optimize the speed and performance of controls extraction, analysis, and reporting based on their specific ERP environment.

“Approva BizRights version 4.0 has allowed us to extract and analyze our ERP controls in significantly less time,” said Brian Bosak, senior SAP security consultant, with one of the world’s largest telecommunications solutions provider and a Global Fortune 500 company. “We should be able to easily implement the new version to monitor our enterprise-wide SAP deployment. Approva continues to deliver controls solutions that not only help us meet our compliance requirements but also enable us to better manage risk and optimize controls across the company.”

In addition to the dramatic performance gains, BizRights 4.0 also includes new functionality for organizations that use Oracle, PeopleSoft, SAP, CGI Momentum and other ERP solutions as well as legacy and custom applications. Some of the highlights in Approva BizRights 4.0 include:

Industry’s Fastest Controls Analysis & Reporting
The newly embedded PredictX™ technology has turbo charged the BizRights Platform resulting in 70% performance gains. The PredictX technology intelligently identifies, analyzes and correlates controls information across the enterprise to deliver actionable reports and information to end users while they still have time to respond to control breakdowns. With this release, financial and IT-related controls information can be extracted and analyzed simultaneously for multiple ERP systems, providing real-time information across all critical business applications. These enhancements make BizRights the fastest controls intelligence solution available in the market today.

Enhanced Preventive Controls for Oracle, PeopleSoft and SAP
In addition to dramatic performance gains, this release provides Oracle, PeopleSoft and SAP users with significantly expanded capabilities for implementing preventive controls. Users are able to tailor preventive controls to their own provisioning process with extended workflow capabilities designed for optimal management and monitoring of users requiring emergency access to their ERP system. “What if” simulations can be quickly conducted to analyze individual user access requests with results presented instantaneously.

Enhanced Security & Support for Audit Customers
Three of the top five audit and advisory firms have licensed Approva’s BizRights Platform. This release provides ERP connection security that enables audit customers and other large organizations to restrict access to data between teams or organizations so that only users with the appropriate BizRights authorization for a specific ERP instance have access to run extraction, analysis, and reporting.

Support for European Languages
This release expands the geographic reach of Approva’s products suite with support for the major European languages including French, German, Spanish and Portuguese.

“This release of the BizRights platform showcases how we translate market requirements and customer feedback into innovation that delivers tangible benefits for our customers,” said Prashanth “PV” Boccasam, chairman and CEO, Approva. “Approva BizRights version 4.0 is the first of a long and exciting series of innovative product offerings we have in our roadmap this year and we are extremely excited about the huge response we have already received from our customers.”

About Approva
Approva® Corporation is the leading provider of controls intelligence software and is the industry standard for three of the five largest audit and advisory firms. We enable business, finance, IT and audit professionals to automate controls across SAP, Oracle, JD Edwards, PeopleSoft and other legacy ERP applications. Global companies such as Bayer, DirecTV, Discovery Communications, First Advantage, Honeywell, P&G, Pratt & Whitney, Siemens and T-Mobile rely on Approva to reduce compliance risk, increase operational efficiency and flag exceptions to their business controls. Approva has certified integrations with Microsoft, Sun Microsystems, IBM and SAP to provide a holistic GRC solution. For more information, visit http://www.approva.net or to meet with an Approva representative at the Gartner Compliance and Risk Management Summit in Chicago, IL March 3-6th or at SAP Financials & GRC 2008 in Orlando, FL, March 10-13th please request a meeting online or call us at +1-703-956-8300.

Media Contact:
Priya Ramesh        
Approva
703-956-8409
priya.ramesh @ approva.net

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Approva
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