Approva Corporation - Continuous Controls Monitoring Software

Approva’s Approach

Approva automates monitoring of vendor, material and customer master data across your IT systems so you have confidence that all of your processed invoices, payments, sales orders and goods receipts are legitimate. Approva can also take a snapshot of your master data and then identify unauthorized changes from that baseline.

Approva monitors field-level details for duplicate and missing data, inappropriate use of fields (e.g. “alternate payee”) and configurable settings (e.g. automated enforcement of 3-way match).

Key Benefits

Reduced Expenses

Approva reduces procurement expenses by ensuring that underlying data is accurate. This reduces unauthorized and duplicate payments and ensures that vendor discounts are utilized appropriately.

Improved Financial Reporting Accuracy

Approva eliminates errors at the source so that small mistakes do not compound over time and trigger manually intensive reviews during the financial close process.

Reduced Audit Preparation Time

Approva enables you to baseline your vendor, material and customer master data. Out-of-the box reports enable you to easily demonstrate to auditors that the master data which drives your procurement and accounts receivable process has not been compromised or changed inappropriately.