Approva Announces First Cross-Platform Compliance and Controls Monitoring Software, Adds Oracle and PeopleSoft Support.

RESTON, Va. -- Approva Enterprise Controls Management Software is the First to Continuously Audit and Monitor All Major ERP Systems for Compliance, Efficiency, and Fraud Related Issues

Approva(R) Corporation, the leader in continuous controls intelligence software, today announced that it had expanded its industry-leading compliance solutions to include Oracle and PeopleSoft support. Using BizRights(R) software, organizations can now continuously audit and monitor all of their critical business systems, including SAP, Oracle, PeopleSoft, and more, for compliance, efficiency, and fraud related issues.

While other software companies provide fragmented compliance and control solutions, Approva offers a consolidated view of the internal control issues across an organization's business landscape. The BizRights solution monitors all of the critical elements of compliance - not just application security, but also user history, system settings, master records, and transactions.

Analysis can scale to tens of thousands of users and tens of millions of records, without performance impact on the underlying ERP systems and their end users. Organizations with multiple ERP systems or instances can house, in a single repository, a single and consistent set of rules, analysis, results, and audit history, without having to replicate or maintain separate rule sets and results. BizRights is the only solution that offers a unified controls strategy for an enterprise that has multiple ERP systems.

According to Rick Steinberg, author of the COSO framework: "Large, global organizations must test many internal controls across multiple information systems, and are increasingly looking for automated support. You can imagine the time and cost savings, not to mention the improvement in audit quality that occurs with consistent, application independent, automation in this area."

With a library of customer configurable best practices, BizRights automatically and continuously scans ERP systems for compliance and control related issues. Organizations save thousands of hours of manpower, while improving the quality of their internal control efforts. Instead of manually checking for Segregation of Duties (SoD) conflicts, or other compliance issues, organizations can automate the comprehensive evaluation of internal controls reviews and leverage the technology and best practices provided by BizRights.

BizRights offers significant benefits for Oracle and PeopleSoft users. As a member of the Oracle Partner Network, Approva is already working with Oracle customers on a number of industry-leading compliance initiatives. BizRights, for instance, provides substantial benefits for Oracle customers who are using or considering Oracle's Internal Controls Manager (OICM). Companies that have implemented OICM will be able to expand their testing and monitoring initiatives beyond Oracle to all of their key business systems, including SAP, "home grown", and legacy applications. Approva has also provided integration with Oblix, part of Oracle's identity management product line, and plans to complete several additional Oracle and PeopleSoft initiatives over the next few months.

"We're very pleased to provide the first and only unified, consistent, and comprehensive controls management solution across all major ERP applications," said Prashanth (PV) Boccasam, president and CEO of Approva. "With the addition of Oracle and PeopleSoft support, customers and their auditors have a unified view of controls across all of their business systems. This will improve the quality and cost/benefit of our customers' compliance efforts dramatically."

With its web-based interface and plain English rules and reports, BizRights empowers business and information technology professionals alike. Managers receive clear and concise alerts as control violations arise. With all of the appropriate and relevant information in "plain English", the appropriate business or IT personnel can quickly take remedial action, reducing the cost of compliance and improving their overall business processes.

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.