With our increasing customer base, we need a technology that we can rely on for controls assessment. We licensed the BizRights software for its ability to accurately discern true compliance issues from false positives and negatives, which is key to any successful audit process.
Reston, VA (Vocus) March 13, 2008
Approva® Corporation (http://www.approva.net), the leader in controls intelligence software, announced today that Protiviti Inc. (http://www.protiviti.com) has licensed the company’s flagship product Approva BizRights™ platform and related applications for Oracle E-Business Suite and PeopleSoft HR & Financials. The worldwide risk and internal audit consulting company will use Approva to support its internal audit, business and technology risk consulting services. Under the terms of the license agreement, Protiviti is able to install and run Approva BizRights within client business systems in conjunction with point-in-time control assessments.
Protiviti provides consulting and advisory services to help clients identify, assess, measure and manage financial, operational and technology-related risks, including the implementation of processes that enable continuous controls monitoring. Protiviti also offers a full spectrum of internal audit services to advise and supplement their clients’ internal audit functions.
“The addition of Approva’s controls monitoring and audit capabilities will enable us to effectively analyze controls within Oracle and PeopleSoft applications, while expanding the scope and services we provide to our clients,” said Mark Nelson, managing director in Protiviti’s Enterprise Application Solutions practice. “With our increasing customer base, we need a technology that we can rely on for controls assessment. We licensed the BizRights software for its ability to accurately discern true compliance issues from false positives and negatives, which is key to any successful audit process.”
“We are proud to add Protiviti to our growing list of independent consulting firms,” said Prashanth “PV” Boccasam, Chairman and CEO, Approva Corporation. “Three of the five largest risk consulting and audit and advisory firms have now standardized on our products to enhance the services they provide to their clients. Approva’s CCM platform enables Protiviti and its customers to validate and monitor enterprise-wide controls with a single controls intelligence platform, sharing a uniformed, standardized approach to assessing the effectiveness of their controls.”
Approva® Corporation is the industry-leading provider of controls intelligence software and is the controls monitoring standard for half of the Big-4 audit firms. We enable business, finance, IT and audit professionals to automate controls across SAP, Oracle, PeopleSoft, CGI Momentum and other legacy ERP applications. Global companies such as Bayer AG, Colgate Palmolive, Comcast, DirecTV, Discovery Communications, First Advantage, Honeywell, P&G, Pratt & Whitney 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 meet Approva representatives at IIA-GAM, March 17th-19th, Las Vegas or at COLLABORATE-2008, April 14th-16th, in Denver, CO. You could also request a meeting online or call us at +1-703-956-8300.
priya.ramesh @ approva.net