DirectTV Selects Approva For Continuous Visibility Into Business Processes
December 15, 2004 - Vienna, VA
Approva® Corporation, a leading provider of enterprise controls management software for ERP business processes, today announced DIRECTV, Inc., the leading and fastest-growing digital television service provider in the United States, selected Approva BizRights® to enhance visibility into internal controls and business processes within its SAP® R/3® environment. DIRECTV has deployed BizRights 2.1.
Section 404 of the Sarbanes-Oxley requires public companies like DIRECTV to attest to the effectiveness of internal controls . While DIRECTV already had procedures in place to monitor internal controls, the company turned to Approva to provide continuous monitoring of those controls. Approva BizRights allows its customers to continuously manage and report on internal controls around business processes, providing more direct visibility and enhancing compliance efforts.
Approva’s flagship software, BizRights, enables companies to identify, document, test, remediate and monitor internal controls 24x7. As opposed to point-in-time audits, which quickly become obsolete, BizRights monitors customers’ ERP controls constantly and flags discrepancies for review as soon as they occur. When BizRights detects a potential violation, it pushes out alerts to managers via email, allowing them to act quickly. In addition to mitigating business risk by stopping violations, BizRights fosters continuous auditing and continuous compliance.
BizRights reports are delivered in plain, business-friendly English. This enables business users to maintain responsibility for their own internal controls without needing a technical understanding of the ERP system and without relying solely on IT to make adjustments. This encourages collaboration between business management, internal audit and IT security. The end result is tighter security and improved accountability around internal financial processes.
BizRights also includes a comprehensive workflow process that helps speed the remediation efforts required by Sarbanes-Oxley Section 404. With BizRights, financial managers can run detailed reports, focusing on terms such as business user and role. The ”what-if” and workflow capabilities built into BizRights ensure appropriate access is given only to authorized users, thus preventing segregation-of-duties violations.
"We are pleased that DIRECTV, which has brought home entertainment to a new level, chose Approva to continuously monitor its existing internal controls,” said Prashanth (PV) Boccasam, CEO of Approva. “We look forward to helping DIRECTV achieve unparalleled visibility into its 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.
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