Approva Goes Beyond Compliance With BizRights Order-to-Cash Insight; Addresses Ongoing Sarbanes-Oxley Issues While Improving Process Efficiency and ROI.

VIENNA, Va. -- Approva(R) Corporation, the leader in enterprise controls management software, today announced the second of a family of new Process Insights, the BizRights(R) Order-to-Cash Insight. This innovative software offering enables organizations to improve compliance, efficiency and risk management by continuously monitoring day-to-day operations for suspicious, unusual or inefficient activities and transactions within the Order-to-Cash life cycle.

The BizRights Order-to-Cash Insight uses concise, clearly described rules and reports to monitor automatically and continuously for exceptions, based on the unique business needs of an organization, division or group of users. It detects fraud and exceptions to business rules quickly, instead of months after the fact, as an external audit or spot check might. Approva's first Process Insight, Procure-to-Pay, was released in October of 2004. With the new BizRights Order-to-Cash Insight, organizations can turn their Sarbanes-Oxley compliance efforts, especially those related to Section 404, into efficiency gains within the order-to-cash business cycle as well.

"Companies are spending enormous amounts of money on compliance. They need a way of turning their investment in SOX into real, bottom line value through business process improvement," said Rick Steinberg, author of the COSO framework. "Companies that see and most importantly, act on the big picture will use these mandates as a catalyst for improving efficiency and reducing risk across their organization."

The BizRights Order-to-Cash Insight helps organizations improve internal control and the accuracy of financial reporting by continuously monitoring for:

--Compliance issues such as revenue and receivables recorded before shipment of goods.

--Efficiency issues and control breakdowns such as delivery of goods to customers that have exceeded their credit limit.

--Potentially fraudulent activities such as suspicious changes in customer master, material, or pricing records.

The knowledge base for the BizRights Order-to-Cash Insight, which was defined by experts in compliance, efficiency and fraud prevention, enables organizations to identify areas of high risk immediately without custom development and programming work. Approva's user-friendly approach enables ongoing enhancement to meet organizational needs. With the Business Controls Workbench, all of the BizRights Process Insights can be quickly and easily configured to meet the unique needs of each customer's ERP environment.

"As organizations enter their second year of Sarbanes-Oxley compliance, controllers, chief compliance officers, internal and external audit teams, and business process owners face an increasing need for software which helps them to cost effectively monitor their operations and ensure that industry best practices, as well as their own business rules, are being followed," says Prashanth (PV) Boccasam, president and CEO of Approva. "Approva's industry leading software helps organizations meet this requirement today."

The BizRights Order-to-Cash Insight is Approva's second Process Insight. Approva plans to deliver additional Process Insights, such as Payroll and Financial Close later in 2005. As Approva introduces these Process Insights, customers will be able to address compliance and efficiency needs within their most critical business operations using a single platform, architecture, and toolset.

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.