Approva Chosen By Andrew Corporation
November 29, 2004 - Vienna, VA
Approva® Corporation, a leading provider of enterprise controls management software for ERP business processes, today announced that Andrew Corporation (NASDAQ: ANDW), a leading global communications systems equipment s upplier, has selected Approva BizRights® to enhance visibility into internal controls and business processes within the SAP® R/3® environment.
Section 404 of the Sarbanes-Oxley Act requires public companies to attest 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 Unlike point-in-time audits that quickly become outdated, Approva helps customers continuously manage controls.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. 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 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® 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 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 e ssential 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, IL, is an S&P 500 company founded in 1937. For more information, visit http://www.andrew.com.
For More Information: