Ernst & Young Signs Multi-Year Licensing Agreement to Offer Risk & Controls Analytics Solutions to Clients Worldwide
Approva strengthens leadership as the de-facto standard for continuous controls monitoring among leading "Big Four" accounting firms.
Reston, VA (Vocus/PRWEB ) July 21, 2008 -- Ernst & Young, one of the world's leading professional services organizations has renewed their multi-year licensing agreement with Approva® Corporation (Approva BizRights® Controls Intelligence Platform and Process Insights suite.
"Ernst & Young believes that continuous controls and transaction monitoring are going to be critical components of enterprise risk management and compliance efforts," said Paul van Kessel, Global Leader for the Technology and Security Risk Services. "We believe that automation of this kind of monitoring will create more business insight, will help identify errors in financial and business processes and will simplify companies' compliance efforts, all resulting in a stronger control environment and a more competitive position in the market."
Approva software will specifically benefit companies in:
-- Creating a repeatable and sustainable audit and compliance management process: The biggest advantage of a controls intelligence strategy that is strongly aligned with your external auditors is that it builds a streamlined audit process. Having a common technology platform that the auditor and auditee employ for controls testing results in more efficient year-end audits. The client companies are able to better fulfill auditor requirements using the standardized controls intelligence platform such as Approva BizRights.
-- Leveraging the dual benefits of expert advice backed by proven compliance solutions: A successful GRC plan incorporates the right balance of people, process and technology. External auditors' teams of highly experienced professionals help companies meet audit and compliance goals. Companies with external auditors using Approva's software -- like Ernst & Young -- will also benefit from the proven Approva BizRights controls intelligence software that accelerates their compliance efficiency.
"Approva is delighted to power a new and a high-growth business area for Ernst & Young," said Prashanth "PV" Boccasam, Chairman and CEO, Approva Corporation. "Ernst & Young is a recognized leader in this sector and we are proud to be selected as the vendor of choice for their risk advisory efforts."
About Ernst & Young:
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential. For more information, please visit www.ey.com. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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 automate controls across SAP, Oracle, JD Edwards, PeopleSoft and other legacy ERP applications. Global companies such as Bayer, Colgate Palmolive, 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 www.approva.net or call us at +1-703-956-8300.
Media Contacts:
Priya Ramesh
Approva
703-956-8409
priya.ramesh @ approva.net
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