Approva Receives “Strong Positive” Rating in Leading Analyst Firm’s Report
Company receives the highest possible rating
October 09, 2008 - Reston, VA
Approva® Corporation (http://www.approva.net), a leader in controls intelligence software, today announced that technology analyst firm Gartner has listed the company as “Strong Positive” in its “MarketScope for Segregation of Duty Controls Within ERP and Financial Applications” report.1. Approva was one of seven vendors evaluated in the report and received the highest possible rating, “Strong Positive”. A complimentary copy of the report is available at http://response.approva.net/content/GartnerMarketScopeAE.
The Gartner report assessed vendors on certain key dimensions that organizations should consider while choosing the most appropriate software provider including: SOD analysis, compliant provisioning, transaction analysis, emergency privilege management, role management and privilege attestation. Gartner considers companies receiving a “Strong Positive” rating to be “providers of strategic products, services or solutions” and recommends that existing customers “continue investments” while potential customers “consider the vendor a strong strategic choice.”
“It is an honor to receive the “Strong Positive” rating in Gartner’s MarketScope for Segregation of Duty within ERP and Financial Applications report,” said Prashanth “PV” Boccasam, Founder and CEO, Approva. “User access controls are the foundation that strong financial processes are built on and it is clear that continuously monitoring these controls remains a significant business challenge for many companies around the world. Approva’s continued innovation makes us the standard that companies and their auditors look to when it comes to identifying risk and monitoring controls across their enterprise.”
According to the report, the demand for SOD functionality will grow through 2010 as organizations look to automate controls for efficiency and cost savings. Gartner’s overall rating for the SOD for ERP market is strong positive and the market for total software is projected to grow to more than $250 million by 2008, and $300 million in 2009.