Approva Corporation - Continuous Controls Monitoring Software

Approva’s Approach

Approva's Controls Intelligence Suite provides continuous controls monitoring over the general ledger, journal entries, and financial transactions. Approva automates financial controls, strengthening their effectiveness and reducing the time spent managing and testing manual controls. It proactively flags unusual journal entries (such as debits to credit accounts or large manual postings), inappropriate changes to the chart of accounts, and high risk configurations that can directly affect financial statements. By notifying the right managers throughout the quarter, managers have time to act and there are no surprises at the end of the quarter.

Key Benefits

Reduced risk in shorter financial close cycles

Reduce the risk of financial misstatement or significant deficiency with Continuous Controls Monitoring. Managers can focus time and attention on true exceptions, not just proving that transactions are legitimate. Even more importantly, mistakes or anomalies are discovered early with proactive notifications throughout the quarter, not at the time of the financial close.

Stronger, more effective controls without additional resources

With comprehensive monitoring, not just sampling, Approva provides stronger controls that reduce risk and mistakes without adding time to the financial close. Controls Intelligence enables you to automatically monitor for key risks without an army of people manual investigating financial anomalies. Enable manager to spend time working on high value strategic projects, instead of tracking down detailed to explain unusual financial transactions.

No surprises

Controls Intelligence provides an audit trail that improves visibility into financial controls and provides evidence that is easily accessible to managers and auditors. And with comprehensive automated controls and proactive notifications, you can avoid surprises during the financial close cycle or at the time of an audit. With continuous controls monitoring, management can sign off on the state of financial controls and the financial statements with more confidence.