Approva Profiled by Leading Independent Research Firm in Governance, Risk & Compliance (GRC) Report

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Report highlights return on investment and innovative financial analytics capabilities for continuous controls monitoring (CCM)

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Recently, we've given a thumbs up for an in-context financial analytic module that allows finance process owners to investigate transaction anomalies, drilling down from one account to journals to invoices.

Approva® Corporation (http://www.approva.net), the leading provider of continuous controls monitoring software, today announced that independent advisory firm AMR Research has profiled Approva as part of a series of GRC software vendors. In the profile, AMR specifically highlights the return on investment customers realize with Approva's software and its adoption by Big Four audit firms:

"AMR Research has spoken to several Approva customers that have built impressive IT and business process monitoring systems that both reduced risks and paid out handsome dividends, specifically in terms of reduced head count and streamlined internal and external audit costs. In fact, some Big Four external auditors have built predefined packages with Approva's products that they use to facilitate their own audit processes."

The profile, entitled "GRC Profile: Approva," published June 22, 2009 and authored by John Hagerty and Dennis Gaughan, goes on to highlight Approva's ability to identify, investigate and analyze anomalies in financial processes. Specifically it notes: "Recently, we've given a thumbs up for an in-context financial analytic module that allows finance process owners to investigate transaction anomalies, drilling down from one account to journals to invoices."

The research opinion is a companion to AMR Research's report entitled, "The Governance, Risk Management, and Compliance (GRC) Landscape, Part 2: Software's Integral Role in GRC Automation," written by John Hagerty, Koppel Verma and Dennis Gaughan and published October 9, 2008. In that report, AMR Research evaluated twenty five vendors against their product capabilities in key areas of compliance and risk management and ranked Approva in the "sweet spot" category for multiple capabilities including business process controls, user access controls and audit testing tools and applications. The "sweet spot" ranking designates companies that "demonstrated high expertise through customer deployment, reference quality, and heritage."

"We are pleased to be recognized by AMR Research for the value we deliver to our customers and our continued innovation," said John Becker, Chief Executive Officer at Approva. "Organizations are looking to squeeze out risk, waste and inefficiency more than ever before and as the report highlights, Approva's continuous controls monitoring applications has a track record of delivering a compelling return on investment."

A complimentary copy of both the profile and the larger research report are both available at http://www.approva.net/resourcecenter/.

About Approva
Approva® Corporation is the industry-leading provider of continuous controls monitoring software and is the industry standard at Big-4 audit 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, 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 call us at +1-703-956-8300.

Media Contact:
Katina Fisk
Approva Corporation
703-956-8415

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Katina Fisk
Approva
703-956-8415
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