Approva Chosen by Andrew Corporation; BizRights Software Implemented to Ensure Internal Business Processes Are Sarbanes-Oxley Compliant.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 Andrew Corporation Andrew Corporation is an American multinational producer of communications devices. Andrew is a global designer, manufacturer, and supplier of communications equipment, services, and systems. (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 :ANDW), a leading global communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. equipment supplier, has selected Approva BizRights(R) to enhance visibility into internal controls and business processes within the SAP(R) R/3(R) environment. Section 404 of the Sarbanes-Oxley Act See SOX. requires public companies to attest To solemnly declare verbally or in writing that a particular document or testimony about an event is a true and accurate representation of the facts; to bear witness to. To formally certify by a signature that the signer has been present at the execution of a particular writing so as to the effectiveness of internal controls. As an innovative company utilizing corporate best practices, Andrew Corporation had built a system of strong internal controls and looked to Approva to provide greater visibility, improving business efficiency and helping to meet pending Sarbanes-Oxley deadlines. Approva's enterprise software product, BizRights, enables users to identify, document, test, manage 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 Unlike point-in-time audits that quickly become outdated, Approva helps customers continuously manage controls.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 company's business and financial processes not only facilitates Sarbanes-Oxley compliance, but also increases efficiency and mitigates business risk by identifying exceptions to pre-established business rules. BizRights reporting tools provide real time information on internal financial transactions, presenting the information in well-developed and easy to understand explanations. The "what-if" and workflow capabilities built into BizRights ensure that only the 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 . If the request results in a segregation of duties conflict, BizRights immediately flags it for review. "While many companies have solid internal processes in place, they often have not taken the automation and security of these processes to the next level," 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. "Approva is pleased to help Andrew Corporation take a significant step enabling both information technology and finance executives to collaborate in achieving Sarbanes-Oxley compliance by continuously monitoring internal controls and providing visibility into their business processes." 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 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. The end results are greater visibility into business risk, improved compliance and increased efficiency. For more information visit us at www.approva.net. About Andrew Corporation Andrew Corporation (NASDAQ:ANDW) designs, manufactures, and delivers innovative and essential equipment and solutions for the global communications infrastructure market. The company serves operators and equipment manufacturers from facilities in 33 countries. Andrew, headquartered in Orland Park Or·land Park A village of northeast Illinois, a residential and manufacturing suburb of Chicago. Population: 53,300. , IL, is an S&P 500 company founded in 1937. For more information, visit www.andrew.com. |
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