Approva Corporation - Continuous Controls Monitoring Software

Approva’s Approach

Approva automates travel and entertainment expense monitoring by analyzing and continuously monitoring T&E related transactions and verifying that they are consistent with corporate policies. T&E submissions that fall outside of established travel reimbursement policies are flagged for follow-up by managers or internal audit.

Approva’s Travel & Entertainment Expense Insight uses pre-defined, configurable business rules to address the most common reimbursement schemes. An easy-to-use, rules-driven interface enables travel managers and auditors to quickly develop additional controls tailored to their unique processes.

Key Benefits

Reduced T&E Expenses

Approva identifies suspicious or excessive charges that exceed corporate limits, are ineligible for reimbursement or circumvent established approval channels.

Reduced Risk of Fraud

Since employees know that all T&E expenses will be automatically monitored and checked against corporate policies they are much less likely to submit incorrect or fraudulent expense reports.

Reduced Audit Preparation Time

Automated reporting provides audit-ready reports for both internal and external auditors. This dramatically reduces time spent manually checking T&E related controls.