Approva Corporation - Continuous Controls Monitoring Software

Approva’s Approach

Approva provides visibility into controls across the organization and automates controls testing at all levels from entity-level controls to business process controls and general computing controls. With Approva you can replace redundant manual controls with fewer, more effective and precise preventive controls and reduces the need for costly mitigating controls. The net result is fewer, more effective controls that reduce red tape and more effectively reduce risk and fraud.

Key Benefits

Reduced Cost of Testing Controls

By identifying risks early and proactively notifying appropriate managers who can take action in a timely way, Approva reduces cash losses due to fraud and billing schemes. Any high risk incidents are discovered immediately, reducing loss.

More Reliable and Efficient Controls

Through continuous and comprehensive monitoring, Approva puts more effective and preventive controls in place, reducing the likelihood that fraud can go undetected. Stronger controls also deter individuals and reduce the opportunity for fraud to occur.

Improved Operational Process Efficiency

By strengthening controls and continuously enforcing corporate policies against fraud, Approva can ease SAS 99 compliance and reduce risk of fraud findings as part of an audit. Approva can automate your processes for preparing and executing audits—both internal and external—and reduce the likelihood that any surprises are discovered.

Improved Compliance at a Lower Cost

Approva reduces the cost of compliance while strengthening controls and reducing risk. By replacing manual, detective controls with automated, preventive controls, Approva increases reliability and reduces the infrastructure required to test and audit controls. The effort required for documentation, sampling, testing, and audit trails is all reduced.