Approva Announces BizRights for PeopleSoft; First Controls Management Solution to Monitor Multiple ERP Applications from a Single Platform.

VIENNA, Va. -- Approva(R) Corporation, the leader in enterprise controls management software, today introduced BizRights(R) for PeopleSoft, demonstrating the first integrated platform that can monitor controls simultaneously across multiple ERP applications.

"Customers and audit professionals have always told us how important it is to monitor controls from outside the ERP applications," said Prashanth (PV) Boccasam, president and CEO of Approva. "Our vision of a single, independent platform that continuously tests and monitors controls across multiple ERP applications is now a reality. For the first time, customers and external auditors will not need different tools to examine different applications. With a deep view into SAP and PeopleSoft, and as we roll out support for additional ERP applications, such as Oracle and others, the scalability, usability and independence of the BizRights platform will further differentiate Approva from any other controls management solution."

With the introduction of BizRights for PeopleSoft, Approva will test and monitor controls within the PeopleSoft HR module, identifying and reporting on Segregation of Duties violations and inappropriate access to sensitive data and transactions. Critical to effective and sustainable compliance, violations are identified in clear business-English, making it easy for business managers, auditors and security professionals to collaborate on identification and remediation of control issues. By adding support for PeopleSoft to the extensive product line that monitors users, configurations and transactions within SAP, one integrated BizRights platform can now help customers cost-effectively attain and sustain Sarbanes-Oxley compliance across multiple ERP systems and applications. With a single reporting and analysis engine and an integrated user interface, audit and security professionals can easily manage controls across both SAP and PeopleSoft environments, without needing multiple software packages or different user interfaces. This unique integration will create faster time-to-value, and enable cross-application analysis that simply cannot be done from within an ERP application.

"Automating and sustaining the testing of internal controls should be a key objective of every company in 2005," said Frank Lyons, International Director of Application Security for DynTek, Inc. "Approva's ability to monitor controls across multiple applications from a single platform will help companies build a sustainable controls compliance framework more effectively."

With BizRights support for SAP and PeopleSoft, Approva becomes the first controls management software that tests and monitors multiple applications from a single interface. Support for additional ERP systems, such as Oracle financials and others, are in development and will be introduced shortly. Monitoring controls across these various ERP applications will share a common user interface, a common reporting look-and-feel, a common rules framework and a common use of standard, business-friendly terminology, requiring no deep expertise in the applications being monitored.

Added Boccasam, "The BizRights platform has been engineered from inception to reside outside the ERP application, to handle very high volumes of users and transactions, and to enable collaboration between security, audit and business managers. This robust, independent architecture is providing some of the world's largest and most sophisticated customers with a sustainable compliance monitoring system, and an unprecedented view into their end-to-end business processes. For the first time, customers can look forward to using this architecture to extend this insight into multiple applications, integrated into a single view."

About Approva Corporation

Approva Corporation enables large organizations to transform compliance efforts into competitive advantage. By offering unique, continuous and actionable insight into business processes, Approva software provides sustainable compliance and delivers improved control, increased profit and enhanced shareholder confidence. The patent-pending Approva BizRights platform is the first product to allow all corporate compliance stakeholders - including business managers, auditors, and information technology specialists -- to collaboratively manage controls and optimize 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. 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.