Approva Announces BizRights for Hyperion Financial Management; Product Announced at Solutions 2005 - Hyperion International Conference in Spain.RESTON, Va. & BARCELONA, Spain -- Approva(R) Corporation, the first and only platform for continuous controls intelligence software for global enterprises, today announced that BizRights will now support Hyperion Financial Management. With BizRights in place over the transaction system, process owners The process owner is the person who co-ordinates the various functions and work activities at all levels of a process. This person might have the authority or ability to make changes in the process as required, and manages the entire process cycle to ensure performance are always aware of who can do what and what they have done. These capabilities are now extended to the Hyperion Financial Management system to ensure that the financial consolidation process is monitored from start to finish. Approva BizRights now delivers continuous controls monitoring solutions for two key applications: --BizRights Authorizations Insight allows users to investigate security loads before they are introduced to the HFM HFM Hauptfeuerwehrmann (Austria, serve-struggled of fire-brigade) HFM Hemifacial Microsomia HFM Health Facilities Management (journal) HFM Human Factors and Medicine HFM Hemophilia Foundation of Michigan environment. Business owners can decide whether or not to implement a security load based on the potential compliance issues it may cause. --BizRights User Activity Insight for Hyperion Financial Management delivers visibility into activities that are performed by HFM users, and correlates this information with access violations that are found using BizRights Authorizations Insight for Hyperion Financial Management. Authorizations Insight and User Activity Insight are just the first of a series of BizRights solutions soon to be available for Hyperion Financial Management. Hyperion Solutions Hyperion Solutions Corporation is a business performance management software company, located in Santa Clara, California, USA. Many of its products are targeted at the Business Intelligence and Business performance management market. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HYSL), the global leader in Business Performance Management and developer of HFM, is an investor in Approva. "Approva is excited to bring the power of BizRights to users of Hyperion Financial Management," 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. "BizRights will allow HFM customers to tighten security and monitor user activities across all of their 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. systems, empowering them to quickly identify anomalies and eliminate critical risks." About Approva Corporation Approva Corporation enables large organizations to transform compliance efforts into competitive advantage. By offering unique, continuous and actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. insight into business processes, Approva software provides sustainable compliance and delivers improved control, increased profit and enhanced shareholder confidence. The patent-pending Approva BizRights(R) platform is the first product to allow all corporate compliance stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. - including business managers, auditors AUDITORS, practice. Persons lawfully appointed to examine and digest accounts referred to them, take down the evidence in writing, which may be lawfully offered in relation to such accounts, and prepare materials on which a decree or judgment may be made; and to report the whole, together , and information technology specialists - to collaboratively manage controls and optimize optimize - optimisation related processes. BizRights provides continuous, independent visibility into ERP activity, producing business-friendly reports that both business and IT managers can act upon. The software correlates user, transaction and system setting data against pre-defined and configurable rules to proactively pinpoint control violations and business exceptions. Valuable risk analysis ranks the impact of potential violations for improved prioritization. With BizRights, companies can resolve issues faster, prevent new control conflicts and create complete audit trails for change management. Approva has partnered with some of the strongest venture firms in the country, including New Enterprise Associates ($6 billion under management), Columbia Capital ($1.5 billion under management), Sierra Ventures ($1.1 billion under management) and Novak Biddle Associates ($350 million under management). In addition, Hyperion Solutions Corporation, a global leader in Business Performance Management software, with revenue in excess of $600M, is a strategic investor in Approva. Global brands such as Colgate-Palmolive, Wrigley, Pratt & Whitney and others are reducing the cost of compliance, minimizing business risk and increasing operational efficiency with Approva solutions. For more information visit us at www.approva.net. |
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