Approva Corporation - Continuous Controls Monitoring Software

Approva’s Approach

Approva automates controls testing and monitoring for your accounts payable processes. Continuous monitoring and analysis ensures purchasing-related transactions are accurate and automatically identifies exceptions to corporate policies including inappropriate changes to configuration settings and vendor master data. The net result is increased confidence that all of your processed invoices, payments and goods receipts are accurate and legitimate.

Key Benefits

Reduced Loss from Inappropriate Payments

Immediately identify waste and loss from duplicate, suspicious and fraudulent payments. Approva can also automatically identify rogue purchases with non-preferred vendors which do not take advantage of available discounts.

Reduced Overpayments

Identify overpayments which do not take advantage of negotiated vendor discounts. Approva’s solution also helps you negotiate more favorable supplier discounts by gaining visibility into your true spending volumes.

Reduced Transaction Costs for Purchases

Automated monitoring catches mistakes when they occur. Fixing problems up front is much less time consuming and costly than tracking down errors long after the fact. In addition, time consuming manual audits can be virtually eliminated as auditors rely on Approva’s continuous monitoring capabilities.