consider the vendor a strong strategic choice.
Reston, VA (Vocus) October 13, 2008
Approva® Corporation (http://www.approva.net), a leader in controls intelligence software, today announced that technology analyst firm Gartner has listed the company as “Strong Positive” in its “MarketScope for Segregation of Duty Controls Within ERP and Financial Applications” report.1. Approva was one of seven vendors evaluated in the report and received the highest possible rating, “Strong Positive”. A complimentary copy of the report is available at http://response.approva.net/content/GartnerMarketScopeAE.
The Gartner report assessed vendors on certain key dimensions that organizations should consider while choosing the most appropriate software provider including: SOD analysis, compliant provisioning, transaction analysis, emergency privilege management, role management and privilege attestation. Gartner considers companies receiving a “Strong Positive” rating to be “providers of strategic products, services or solutions” and recommends that existing customers “continue investments” while potential customers “consider the vendor a strong strategic choice.”
“It is an honor to receive the “Strong Positive” rating in Gartner’s MarketScope for Segregation of Duty within ERP and Financial Applications report,” said Prashanth “PV” Boccasam, Founder and CEO, Approva. “User access controls are the foundation that strong financial processes are built on and it is clear that continuously monitoring these controls remains a significant business challenge for many companies around the world. Approva’s continued innovation makes us the standard that companies and their auditors look to when it comes to identifying risk and monitoring controls across their enterprise.”
According to the report, the demand for SOD functionality will grow through 2010 as organizations look to automate controls for efficiency and cost savings. Gartner’s overall rating for the SOD for ERP market is strong positive and the market for total software is projected to grow to more than $250 million by 2008, and $300 million in 2009.
About the Gartner MarketScope
The MarketScope is copyrighted 2008 by Gartner, Inc., and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. For further information on Gartner’s SOD for ERP MarketScope, please visit http://www.gartner.com.
1 - Gartner Research “MarketScope for Segregation of Duties Controls Within ERP and Financial Applications” by Paul E. Proctor and Neil MacDonald. Sep 25, 2008.
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, 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.