The world’s largest and most respected brands rely on Approva’s products. This partnership is part of our commitment to expand our sales, support and service capabilities into all of the major markets through a global network of resellers
Reston, VA (Vocus) August 25, 2008
Approva ® Corporation (http://www.approva.net ), the leader in controls intelligence software, is forming a joint venture partnership with BDO Malaysia which establishes BDO as the company’s reseller in the Malaysian market. The partnership with the leading international accounting and consulting firm will enable Approva to expand its operations in the Asia Pacific region to meet the growing demand for governance, risk and compliance (GRC) solutions.
“There is growing recognition from leading organizations across the Asia Pacific region that good corporate governance plays a critical role in the long-term success of their business,” said Dato’ AhTee Gan, Managing Partner, BDO Malaysia. "The Approva BizRights® controls intelligence software is recognized as the leading platform in the GRC market, and we are truly excited to represent Approva’s products in Malaysia and expand the services we offer to our customers," said HuckHai Lim, Partner, Risk Advisory Services, BDO Malaysia and a member of BDO International’s Global IT Advisory Committee.
The new partnership will focus on two primary objectives:
-- Satisfy the Growing Demand in Asia Pacific for Compliance Solutions: With the complex and unique nature of regulatory requirements across the Asia Pacific region, there is strong demand for solutions which can reduce risk, automate compliance obligations and prevent fraud. The Approva-BDO joint venture will provide significant additional resources to support customers in Malaysia, leveraging the detailed understanding of local GRC issues provided by BDO’s professional services teams.
-- Expand the Adoption of Controls Intelligence Solutions: Leading organizations like Saudi Aramco, Bayer AG, Kraft, and PepsiCo have experienced how Approva’s continuous controls monitoring solutions can help achieve audit and compliance goals. The partnership with BDO will help expand the adoption of Approva’s controls intelligence solutions and enable companies in this region to participate in the global economy by reducing their risk and lower the cost of regulatory compliance by automating their internal control processes.
“The world’s largest and most respected brands rely on Approva’s products. This partnership is part of our commitment to expand our sales, support and service capabilities into all of the major markets through a global network of resellers,” said Prashanth “PV” Boccasam, Chairman and CEO, Approva Corporation. “BDO Malaysia has outstanding experience in the area of governance, risk and compliance, and we look forward to combining our market-leading Controls Intelligence software with their local expertise to provide companies in the region with exceptional GRC solutions.”
About BDO Malaysia:
BDO Malaysia or BDO Binder is a member firm of BDO International, one of the world’s five largest network of professional firms providing consulting, audit, advisory and tax services to businesses ranging from established multinational conglomerates to growth-oriented organizations, whether public or private. With 626 offices in 110 countries, BDO International employs over 32,000 staff generating a worldwide fee income of USD4.7 billion in 2007.
Set up in 1964, BDO Malaysia has more than 40 years experience in the commercial landscape with a strong reputation as a top quality professional services provider. BDO Malaysia services its clients with a well-qualified and experienced team of more than 450 staff led by over 30 partners and directors. For more information, please contact HuckHai Lim, Partner, Risk Advisory Services, BDO Malaysia at +603-2616-3138 or email hlim @ bdobinder.com or visit http://www.bdointernational.com.
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 http://www.approva.net or call us at +1-703-956-8300.
priya.ramesh @ approva.net