Air Products Chooses Approva; BizRights Software Continuously Monitors Business Processes and Controls for Global Gas Giant.VIENNA, Va. -- Approva(R) Corporation, a leading provider of enterprise controls management software for ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. business processes, today announced that Air Products (NYSE NYSE See: New York Stock Exchange :APD APD atrial premature depolarization (see atrial premature complex, under complex ); pamidronate. ), a leading provider of atmospheric gases, process and specialty gases, performance materials and chemical intermediates to the global technology, energy, healthcare and industrial markets, has selected Approva BizRights(R) to enhance visibility into its internal controls and business processes. Air Products will deploy BizRights Version 2.1 within its SAP(R) R/3(R) ERP system. In response to the Sarbanes-Oxley Act See SOX. , public companies must conduct internal controls audits. As an innovative company already utilizing corporate best governance practices, Air Products had internal controls in place. It looked to Approva to provide greater visibility into its existing controls, improving business efficiency and boosting its compliance efforts in preparation for the November 15, 2004, deadline for Sarbanes-Oxley Section 404. Approva's enterprise software product, BizRights, enables users to identify, document, test, remediate re·me·di·a·tion n. The act or process of correcting a fault or deficiency: remediation of a learning disability. re·me and monitor business controls in real time. Unlike point-in-time audits that quickly become outdated, Approva helps customers continuously manage controls. This increased insight into a customer's business and financial processes not only helps with Sarbanes-Oxley compliance, but also increases efficiency and mitigates business risk. "Since its founding in 1940, Air Products has become a global force in the gas industry, employing the highest standards for running its business," said Rob Paradise, security manager at Air Products. "BizRights business-friendly, plain English Plain English (sometimes known, more broadly, as plain language) is a communication style that focuses on considering the audience's needs when writing. It recommends avoiding unnecessary words and avoiding jargon, technical terms, and long and ambiguous sentences. interfaces encourage users who are not fluent in SAP to tailor business rules and reports, then notify the appropriate people when violations occur in the system. Lowering business risk with this software also reduces the burden on my security team, allowing us to focus on the core IT activities critical to managing security for Air Products." Air Products will receive numerous business benefits from deploying BizRights, including improved workflow through resolution of internal controls violations. For instance, when SAP users request a new role, BizRights will process that request smoothly and notify the appropriate manager for approval. If there is a segregation of duties violation, BizRights immediately flags it for review. The "what-if" and workflow capabilities built into BizRights ensure that appropriate access is given to authorized users authorized user Radiation physics A person who, having satisfied the applicable training and experience requirements, is granted authority to order radioactive material and accepts responsibility for its safe receipt, storage, use, transfer and disposal . Air Products will begin implementing Approva BizRights immediately. "With a strong focus on evolving its existing internal controls, we are pleased Air Products has selected Approva to elevate el·e·vate tr.v. ele·vat·ed, ele·vat·ing, ele·vates 1. To move (something) to a higher place or position from a lower one; lift. 2. To increase the amplitude, intensity, or volume of. 3. its corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. efforts," said Prashanth (PV) Boccasam, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Approva. "We look forward to working with Air Products to increase the breadth and depth of visibility into business processes and reporting." About Approva Corporation Approva Corporation is a leader in enterprise controls management software for ERP business processes. Continuous monitoring has become increasingly critical as companies consolidate their ERP instances, upgrade to new versions and roll out ERP to more users. Complying with government regulations, such as the Sarbanes-Oxley Act of 2002, amplifies the need for companies to increase the frequency, accuracy and depth of their audit process. In contrast to existing snapshot-in-time tools or manual solutions, Approva BizRights(R) product suite is an integrated monitoring business application that is continuous, business-friendly and proactive. Its business user-oriented solutions help financial executives, business managers, application security and auditors continuously identify, document, test, remediate and monitor business controls. The end results are greater visibility into business risk, improved compliance and increased efficiency. For more information visit us at www.approva.net. About Air Products Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials Semiconductor materials are insulators at absolute zero temperature that conduct electricity in a limited way at room temperature (see also Semiconductor). The defining property of a semiconductor material is that it can be doped with impurities that alter its electronic properties , refinery hydrogen, home healthcare services, natural gas liquefaction liquefaction, change of a substance from the solid or the gaseous state to the liquid state. Since the different states of matter correspond to different amounts of energy of the molecules making up the substance, energy in the form of heat must either be supplied to , and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. With annual revenues of $6.3 billion and operations in over 30 countries, the company's 18,500 employees build lasting relationships with their customers and communities based on understanding, integrity and passion. For more information, visit www.airproducts.com. |
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