Approva Corporation Announces SAP Certification for BizRights Role Monitor.Business Editors/High-Tech Writers VIENNA, Va.--(BUSINESS WIRE)--June 16, 2003 First and Only Certified See certification. Solution that addresses Internal Control Compliance and Reporting Approva(R) Corporation, the leader in software solutions for continuous monitoring of business processes, today announced that SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. (R), the world's leading provider of business software solutions, has certified Approva's BizRights(TM) Role Monitor Release 1.5 product for use with SAP(R) R/3(R) software. BizRights Role Monitor is the only software product certified by SAP to provide continuous monitoring of user roles, profiles, and access to sensitive transactions within SAP(R) R/3(R) software. "We've worked closely with pioneering customers and major Audit firms to address the needs of today's demanding business environment" said Prashanth 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 Corporation. "Our certification by SAP reinforces that we are delivering leading-edge continuous monitoring solutions to the worldwide installed base of SAP customers." "SAP certification is critically important to our clients, as it helps them deploy SAP solutions more rapidly, safely, and cost-effectively", says Ravi Ravikumar, Senior Vice President of iGATE Corporation. "iGATE offers Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in services and a comprehensive range of Information Technology solutions to more than 500 clients across five continents. Many of our clients rely extensively on SAP software to run their businesses, and rely on iGATE because of our high quality of service, proven track-record, and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. global delivery capabilities." BizRights Role Monitor is part of Approva's BizRights software suite which provides continuous monitoring of roles, application controls and critical business transactions within and across enterprise applications. With BizRights Role Monitor, organizations running SAP R/3 can quickly and easily identify, monitor and report on internal control issues on a continuous basis. This is critically important to companies focused on compliance with recent government regulations including the Sarbanes-Oxley Act See SOX. . The product is available immediately and ships with a wide-range of business rules for various business processes like HR, Purchasing etc. Many companies evaluating the software today can now be assured that they are deploying secure, certified software that gives them greater visibility and better control within their mission-critical SAP systems. Approva Corporation will be exhibiting at SAP's SAPphire Conference in Orlando Florida from June 16th through June 18th and demonstrating the BizRights Role Monitor solution. About Approva Corporation Leadership in a rapidly emerging market: Approva is the leader in continuous monitoring of end-to-end business processes that have been automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. within and across enterprise applications, including 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. , CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , Supply Chain and Database applications. For executive management, business managers, auditors and IT staff, Approva's software solutions support the continuous audit process and provide increased visibility and control of business processes such as Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , Payroll or Accounts Receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . This is especially important for companies that have to comply with ever-increasing levels of government regulations, such as The Sarbanes-Oxley Act of 2002. Approva's BizRights product suite provides continuous monitoring of roles, application controls and critical business transactions. Global 2000 and government organizations are recognizing that BizRights is unique in its ability to monitor, manage and analyze business transactions within a single enterprise application or across multiple applications. Unlike existing point solutions, Approva comprehensive suite of products helps customers to quickly identify potential conflicts, anomalies, violations, and exceptions at the transaction level within their critical business processes. Approva's unique business solutions are based on industry standard web-services technologies, enabling monitoring of custom business rules in real-time. Approva: Greater visibility. Better control. |
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