Approva Corporation Receives Positive Rating for Compliance Management Software from Leading Analyst Firm.VIENNA, Va. -- Approva Corporation, the leader in enterprise controls management software, today announced that it received a "Positive" rating in Gartner's "MarketScope 2H04: Compliance Management Software."(1) Gartner considers companies receiving a "Positive" rating to "demonstrate strength in specific areas, but are largely opportunistic opportunistic /op·por·tu·nis·tic/ (op?er-tldbomacn-is´tik) 1. denoting a microorganism which does not ordinarily cause disease but becomes pathogenic under certain circumstances. 2. " and recommends that existing customers "continue incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. investments" while potential customers "put this vendor on a shortlist short·list also short-list n. A list of preferable items or candidates that have been selected for final consideration, as in making an award or filling a position. Noun 1. of tactical alternatives." Approva was selected among vendors that have demonstrated execution and product strategy that warrants consideration for the long term. "We believe that Gartner's rating recognizes Approva's quick rise as a market leader," said Prashanth (PV) Boccasam, president and 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. "By supporting the compliance management process for the Sarbanes-Oxley Act See SOX. , Approva is helping companies move beyond mere compliance documentation and is satisfying even the most demanding enterprise controls management challenges. Through software products such as BizRights, Approva fuels real business improvement and enhanced productivity." In developing its MarketScope reports, Gartner undertakes a rigorous evaluation process including in-depth customer interviews and cost/benefit comparisons to determine vendor ratings. Gartner based its MarketScope evaluations on technical sufficiency, technical functionality, vendor viability, market strategy and pricing. 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 (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. 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. (1) About the MarketScope The MarketScope is copyrighted December 10, 2004 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion