Approva Expands into the Federal Market; New Federal Practice Helps Agencies Comply With Key Financial Regulations.VIENNA Vienna, city and province, Austria Vienna (vēĕn`ə), Ger. Wien, city and province (1991 pop. 1,539,848), 160 sq mi (414 sq km), capital and largest city of Austria and administrative seat of Lower Austria, NE Austria, on , Va. -- Approva(R) Corporation, the leader in enterprise controls management software, today announced its expansion into the federal market. With Approva's BizRights software, federal government organizations will be able to meet the stringent requirements of the Office of Management and Budget's Circular No. A-123, the Antideficiency Act and other important regulations, as well as conduct detailed assessments of the effectiveness of internal controls over financial reporting. Approva's BizRights will enable federal agencies to not only meet all of their compliance needs, but at the same time, squeeze out waste and fraud through critical process insights. BizRights customers already include some of the largest and most successful commercial players in the world, including Colgate-Palmolive The Colgate-Palmolive Company (NYSE: CL) is a U.S. diversified multinational corporation focused on the production, distribution and provision of household, health care and personal products, such as soaps, detergents, and oral hygiene products (including toothpaste and , Pratt & Whitney, Air Products, Microsoft (Microsoft Corporation, Redmond, WA, www.microsoft.com) The most successful and influential software company. Microsoft's software and Intel's hardware pioneered the PC and revolutionized the computer industry. and Siemens Westinghouse Siemens Power Generation, Inc (SPGI) is a power generation company based in the United States. Run by the German Siemens AG Corporation, Formerly Siemens Westinghouse, SPGI, was formed by the acquisition of the Westinghouse Electric Corporation by the Siemens power generation . The federal practice will be managed by Clark Austin Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , a 25-year veteran of the federal marketplace with diverse experience selling enterprise software and services. Prior to joining Approva, Austin was director of federal sales for Entopia, an enterprise search company. He previously held positions in sales and marketing management for a wide range of leading companies, including TSI-TelSys, Integral Systems and Intraspect. "Federal organizations need to not only apply controls, but use knowledge gained from exceptions-based monitoring to manage their resources efficiently," Austin says. "Approva offers a cross-platform internal controls platform which serves the needs of the broadest possible cross-section of federal organizations. We look forward to assisting federal agencies with Approva technology." Approva's unique architecture is the first to continuously analyze users, configurations and transactions, providing customers with a comprehensive view into both compliance and efficiency issues. By automating the testing and monitoring of internal controls and business processes, Approva users can reduce the cost of regulatory compliance, improve the quality of their audits, and boost productivity in their organizations. "Approva offers the ultimate solution for helping federal agencies meet growing demands for strong internal controls, while at the same time, allowing them to boost their efficiency dramatically," says 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. "Our scalable, application-independent, collaborative platform will help agencies achieve their organizational mission and better serve their constituents. We are excited about supporting the work of vital federal organizations, and welcome Clark Austin to the Approva team." 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. |
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