Consider Solutions - Enhancing Communication, Co-ordination, Control & Enterprise Control Management


Seminar: Governance, Risk & Compliance - Reducing the cost of effective control 'Excellence doesn't have to be painful' Date: Thursday April 5th 2007 - morning. Location: Central London Meet T-Mobile and KPMG, Consider Solutions and Approva to hear about best in class approaches to controls implementation and optimisation as well as the T-Mobile experiences in eliminating SOX related access control issues and driving business process improvements around their usage of SAP and core business processes such as Purchase to Pay. You will hear how you can implement a continuous audit process that automates testing of segregation of duties controls, system configuration settings, master data controls and business process transactions. Click here to register for the seminar and to receive detailed agenda and venue details ___________________________________________________________________________ WEBCAST: Managing & Monitoring Master Data Controls - Getting Business Value from your Compliance Investments This webcast provides an overview of how Approva’s Process Insights can deliver additional business value from your compliance investments. Approva's Process Insights allows you to ensure that all of your master records are complete and up to date and also identifies incomplete master records as they are created. What You Will Learn: In this webcast you will learn how you can strengthen your master data controls without adding additional staff so that you can: Identify and resolve incomplete master data records such as: o Sales orders with incomplete information o POs not requiring goods receipt or invoice receipts o Missing material master records o Duplicate vendors and vendors with missing data (e.g. payment terms, discount terms) Immediately identify all “exceptional” events. Investigate and monitor particular areas/issues on demand. Strengthen your overall controls framework. ___________________________________________________________________________ WEBCAST: Reducing the Cost of Compliance by Automating Controls Monitoring & Testing - A Case Study Increased scrutiny by boards and audit firms in recent years has dramatically increased the time and costs required to prepare for and support audits. With the scope of audits continuing to increase and deadlines perpetually immovable, most companies throw bodies at the task to ease the burden. The result is skyrocketing audit costs and decreased focus on your employees' primary responsibilities as they are pulled away from their task to support urgent tasks to meet audit deadlines. This Webcast presents a case study of how UGS Corporation (www.ugs.com) reduced the cost of compliance and streamlined their audit preparation by implementing a controls automation and monitoring solution from Approva Corporation. UGS was able to meet an aggressive timeling for identifying, remediating and testing their ERP access controls and implement a continuous auditing solution that enables their business, finance, IT and audit groups to work together more effectively. To listen to this event click here. ___________________________________________________________________________ APPROVA EXTENDS LEADERSHIP POSITION WITH RELEASE OF BIZRIGHTS PAYROLL INSIGHT New solution reduces risk streamlines compliance and improves business efficiency for payroll operations by continuously monitoring business controls Reston, Va.—December 20, 2005 -- Approva^® Corporation, the leader in enterprise controls management software, today announced the availability of BizRights^® Payroll Insight, the latest in its Process Insight series of solutions for managing controls of specific business processes. The BizRights Payroll Insight enables companies to improve efficiency, reduce compliance risk and eliminate fraud by implementing, monitoring and improving the business controls related to their payroll administration, personnel records and time management systems. BizRights Payroll Insight provides pre-defined rules, which monitor the accuracy and consistency of payroll records in ERP and HR systems and ensure compliance with critical business controls. These rules analyze detailed settings in underlying HR systems and translate complex technical information into terms that are easily understandable to business managers and auditors. Users can tailor the solution to their own business processes by using the product’s configurable interface to create custom rules and controls. Exceptions are immediately identified so that managers can take corrective actions. “Regulatory compliance spending is growing at a rate twice that of IT spending,” said Gartner analyst French Caldwell in the research note titled “Top Predictions for 2006 and Beyond,” dated November 28, 2005. Caldwell advises companies to “reduce the costs of compliance by automating manual process controls, implementing solutions that reduce the amount of internal and consulting labor required to document and maintain internal controls.” Caldwell goes on to say that “companies should also strive to reduce costs associated with internal and external audit by using new audit and reporting tools.” BizRights Payroll Insight enables auditors, controllers and payroll managers to eliminate the time and effort required to perform manual testing and reporting procedures. In addition, Payroll Insight helps identify discrepancies in payroll systems that would otherwise go unnoticed. These errors can amount to hundreds of thousands of dollars a year in unnecessary expenses for a typical company. Examples of common issues that Payroll Insight can flag include duplicate payroll runs, payroll runs for terminated or “ghost” employees and unauthorized changes to payroll records and time management systems. The business rules incorporated within Payroll Insight were developed in conjunction with leading accounting and audit firms, customers and Approva’s staff of compliance specialists. As a result, Payroll Insight can reduce compliance risk by enabling users to proactively identify and resolve the areas of greatest exposure. In addition, business users are able to respond quickly to requests from internal and external auditors. “Approva has a proud tradition of market leadership in the Enterprise Controls Management industry,” said Silas Matteson, Vice President of Products at Approva. “BizRights Payroll Insight extends this tradition, by giving human resource and finance managers unparalleled insight into the end-to-end payroll process inside their ERP systems. This helps companies uncover and address costly, hard-to-find errors and fraud in day-to-day payroll processes.” The BizRights Payroll Insight is generally available to customers today and joins the existing family of BizRights Process Insights which include: Procure-to-Pay Insight, Order-to-Cash Insight, Financial Close Insight, Authorizations Insight and User Activity Insight. More information is available at www.approva.net. ______________________________________________________________________ PUBLIX SUPER MARKETS SELECTS APPROVA BIZRIGHTS SOFTWARE FOR GREATER INSIGHT INTO SAP BUSINESS PROCESSES AND CONTROLS Reston, Va. – December 13, 2005 – Approva^® Corporation, the leader in enterprise controls management software, today announced that Florida-based Publix Super Markets, Inc., has selected the Approva BizRights^® software platform. The Approva BizRights platform continuously monitors and correlates users, systems configurations and transactions for various business processes across all ERP systems and instances. BizRights identifies and prevents critical internal controls violations related to user authorizations, segregation of duties and access to sensitive transactions. Residing outside the ERP application, it ensures no performance degradation to the application and maintains independence of audit from the production system. Publix Super Markets is the largest employee-owned supermarket chain in the United States and one of the nation’s 10 largest-volume supermarket chains with retail sales of $18.6 billion last year. It has more than 133,000 employees and 867 store locations across Florida, Georgia, South Carolina, Alabama and Tennessee. “With our software, Publix Super Markets now has the ability for business process owners to oversee controls and collaborate more effectively with their information technology specialists,” said Prashanth (PV) Boccasam, President and CEO of Approva. “We are excited that Publix has selected Approva and welcome them to our list of world-class customers.” ______________________________________________________________________ UGS CORP. IMPLEMENTS APPROVA BIZRIGHTS TO STREAMLINE COMPLIANCE AND STRENGTHEN BUSINESS CONTROLS *Global PLM Company Enhances Efficiency of Internal Control for IT Security and Procurement Processes* Reston, Va. – December 15, 2005 – Approva^® Corporation, the leader in enterprise controls management software, today announced that UGS Corp., a leading global provider of product lifecycle management (PLM) solutions, has implemented the Approva BizRights^® software to manage and enhance its enterprise-wide business controls. Headquartered in Plano, Texas, UGS deployed the BizRights Platform and Authorizations Insight to manage access requests to its SAP systems and to streamline compliance efforts related to controls such as segregation of duties (SOD). In addition, UGS is implementing the BizRights Procure-to-Pay Insight to help continuously monitor business controls throughout its procurement processes. “Our immediate need was to help us meet the Sarbanes-Oxley requirements for segregation of duties,” said William Cronin, IT Director of Finance and Human Resources Applications for UGS. “BizRights provides us better monitoring and control of both user access and user activity in business process areas such as procurement. We’re extremely pleased with the value we have obtained from Approva.” Approva BizRights enables business managers at UGS to design, implement, test and monitor business controls. Rules, reports and analysis are presented in plain English so managers can make quick, informed decisions when conflicts arise. BizRights monitors financial transactions and ensures that fraudulent or erroneous transactions are immediately flagged. If any violation occurs, the appropriate personnel are notified. “We’re enormously pleased that UGS has joined our roster of blue-chip customers,” said Approva CEO Prashanth (PV) Boccasam. “We look forward to working further with UGS to help them expand their implementation of BizRights and enhance business controls across their enterprise.” ______________________________________________________________________ APPROVA BIZRIGHTS ACHIEVES ECC 5.0/MYSAP ERP 2004 INTEGRATION CERTIFICATION Certification demonstrates continued strength of Approva relationship with SAP Reston, VA – September 26, 2005 – Approva® Corporation, the leader in continuous controls intelligence software, today announced that its BizRights Adapter Version 3.0 has been certified for SAP's ECC 5.0/mySAP ERP 2004. The BizRights Adapter is a component of the BizRights Platform, which enables BizRights to interface with various ERP and business applications. The BizRights Adapter supports mySAP and is a collection of ABAP modules designed to extract a wide variety of data in an efficient and scalable manner. The BizRights Adapter can also perform provisioning tasks such as creating user accounts and assigning or revoking roles. The certification tests performed by SAP Labs were done with the BizRights Adapter Version 3.0 installed and running on the SAP Web Application Server (WAS) 6.40 and tested with data from an ECC 5.0 / mySAP ERP 2004 production landscape. This is the third major release of the BizRights Adapter that has been certified. The certification assures customers that SAP Labs, Inc. has reviewed and tested BizRights to ensure it operates properly with mySAP ERP 2004, ECC 5.0, and WAS 6.40. Achieving this certification demonstrates Approva's continued commitment to support and work with SAP under the guidelines of SAP Labs certification programs. "This certification is a continued validation of our strong technical and business relationship with SAP," said Prashanth (PV) Boccasam, CEO of Approva. "Enterprises that rely on BizRights for insight into their control environments can be confident that our solutions are highly compatible with their core SAP environments. Working effectively with ECC 5.0 and mySAP ERP 2004, BizRights customers will costeffectively automate compliance, improve business efficiency and increase their return on their SAP investments." ______________________________________________________________________ NEW CUSTOMER SPOTLIGHT We’d like to welcome the following new customers into the Approva family - Arch Chemicals, Inc., Coca-Cola Bottling Company Consolidated, ConAgra Foods, Inc., Cooper US, Inc., Limited Brands, Inc., McAfee, Inc., Multiquip, Inc., ScottsMiracle-Gro, Siemens Energy & Automation, Sony Ericsson Mobile Communications, Tellabs Operations, Inc., Textron, Inc., VNU Inc., Walter Industries, Inc. Thank you to every one of our customers who provided reference calls during these evaluation cycles. Your continued support is always appreciated. ______________________________________________________________________ Hyperion Makes Strategic Investment in Approva, Selects Approva As Technology Partner Approva is proud to announce that Hyperion Solutions, the global leader in business performance management, has made a strategic investment in our company. Hyperion has also selected Approva as a Hyperion Technology Partner. We look forward to continuing our rapid growth with the support of industry-leading partners like Hyperion. More ... ______________________________________________________________________ Approva Named To AlwaysOn Top 100 Private Companies List Leading technology business network AlwaysOn named Approva to its list of top 100 private companies last month. Approva was handpicked by the AlwaysOn editorial team based on a set of five criteria – innovation, market potential, customer adoption, media buzz and investor value creation. Approva was selected from over 1000 companies submitted by investment bankers, industry analysts and venture capitalists. More ... ______________________________________________________________________ Financial Close Process Insight The BizRights Financial Close Insight, which monitors for suspicious, unusual, or inaccurate transactions during the financial close process, is the latest addition to the BizRights family of Insights. As with the Procure-to-Pay Insight and the Order-to-Cash Insight, the Financial Close Insight uses concise, clearly described rules and reports to monitor automatically and continuously for business exceptions, based on the unique needs of an organization, division or group of users. More ... ______________________________________________________________________ User Activity Insight Approva would also like to announce availability of its User Activity Insight (UAI) product, which helps business users establish automated tests for mitigating accepted risk from SOD and sensitive transaction issues. UAI correlates user activity with the transaction violations found from Authorizations Insight and defines new rules to monitor transaction usage. It also gathers and displays historical usage information showing how the transactions in a role are – or are not – being used. More ... ______________________________________________________________________ Did you know about the $9m that went for a walk? Did you know that with the Procure-to-Pay Process Insight, you can stop employees from engaging in improper transactions before they mount up to big losses? Before using Approva BizRights, one customer lost $9 million when an employee shipped merchandise to his home and resold it for personal gain. This is just one of the hundreds of examples of fraud and inefficiency that BizRights Insights can help flag. Duplicate payments, unauthorized changes to master records, GR/IR mismatches, purchase orders that are changed after approval, the list is endless. The BizRights Procure-to-Pay Insight can pay for itself very quickly – and help you and your procurement and accounting managers avoid potentially expensive mistakes – or worse. More ... ______________________________________________________________________ SARBANES-OXLEY THIRD ANNIVERSARY: BY SLIM MARGIN, FINANCIAL EXECUTIVES NOW SAY ACT IS "MORE OF A NET GAIN TO INVESTORS" THAN A NET LOSS. A survey of CFOs and Financial Executives Finds Cautious Optimism, Lower Costs. More ... ______________________________________________________________________ CONSIDER SOLUTIONS TO PARTICIPATE IN SAP CUSTOMER CONFERENCE 'SAPPHIRE 2005' IN COPENHAGEN 26-28 APRIL Consider Solutions and Approva launch Bizrights software for the automation of internal controls at Sapphire European conference. Recent customer wins for Bizrights include Coca-Cola, Intel, IPG, John Deere, Sony Playstation, Sikorsky, SC Johnson. More ... ______________________________________________________________________ PRESENCE IN EUROPE: FORMS STRATEGIC PARTNERSHIP WITH CONSIDER SOLUTIONS TO MARKET BIZRIGHTS SOFTWARE IN EUROPE The leader in enterprise controls management software engages Consider Solutions to spearhead growth in the rapidly growing market for automation, test & monitoring of internal controls for Sarbanes-Oxley and good corporate governance. More ... ______________________________________________________________________ CONSIDER APPOINTS FOUNDER & CHIEF SCIENTIST TO THE BOARD Founder & Industry Visionary Tom Gruber to provide leadership in the application of technologies to support communication, co-ordination & control in collaborative work. ______________________________________________________________________

Seminar: Governance, Risk & Compliance - Reducing the cost of effective control 'Excellence doesn't have to be painful'

Date: Thursday April 5th 2007 - morning.
Location: Central London

Meet T-Mobile and KPMG, Consider Solutions and Approva to hear about best in class approaches to controls implementation and optimisation as well as the T-Mobile experiences in eliminating SOX related access control issues and driving business process improvements around their usage of SAP and core business processes such as Purchase to Pay.

You will hear how you can implement a continuous audit process that automates testing of segregation of duties controls, system configuration settings, master data controls and business process transactions.

Click here to register for the seminar and to receive detailed agenda and venue details

___________________________________________________________________________

WEBCAST: Managing & Monitoring Master Data Controls - Getting Business Value from your Compliance Investments

This webcast provides an overview of how Approva’s Process Insights can deliver additional business value from your compliance investments. Approva's Process Insights allows you to ensure that all of your master records are complete and up to date and also identifies incomplete master records as they are created.

What You Will Learn:
In this webcast you will learn how you can strengthen your master data controls without adding additional staff so that you can:

Identify and resolve incomplete master data records such as:
   o Sales orders with incomplete information
   o POs not requiring goods receipt or invoice receipts
   o Missing material master records
   o Duplicate vendors and vendors with missing data (e.g. payment terms,
      discount terms)

Immediately identify all “exceptional” events.

Investigate and monitor particular areas/issues on demand.

Strengthen your overall controls framework.

___________________________________________________________________________

WEBCAST: Reducing the Cost of Compliance by Automating Controls Monitoring & Testing - A Case Study

Increased scrutiny by boards and audit firms in recent years has dramatically increased the time and costs required to prepare for and support audits. With the scope of audits continuing to increase and deadlines perpetually immovable, most companies throw bodies at the task to ease the burden. The result is skyrocketing audit costs and decreased focus on your employees' primary responsibilities as they are pulled away from their task to support urgent tasks to meet audit deadlines.

This Webcast presents a case study of how UGS Corporation (www.ugs.com) reduced the cost of compliance and streamlined their audit preparation by implementing a controls automation and monitoring solution from Approva Corporation. UGS was able to meet an aggressive timeling for identifying, remediating and testing their ERP access controls and implement a continuous auditing solution that enables their business, finance, IT and audit groups to work together more effectively.

To listen to this event click here.

___________________________________________________________________________

APPROVA EXTENDS LEADERSHIP POSITION WITH RELEASE OF BIZRIGHTS PAYROLL INSIGHT

New solution reduces risk streamlines compliance and improves business efficiency for payroll operations by continuously monitoring business controls

Reston, Va.—December 20, 2005 -- Approva^® Corporation, the leader in enterprise controls management software, today announced the availability of BizRights^® Payroll Insight, the latest in its Process Insight series of solutions for managing controls of specific business processes.

The BizRights Payroll Insight enables companies to improve efficiency, reduce compliance risk and eliminate fraud by implementing, monitoring and improving the business controls related to their payroll administration, personnel records and time management systems. BizRights Payroll Insight provides pre-defined rules, which monitor the accuracy and consistency of payroll records in ERP and HR systems and ensure compliance with critical business controls. These rules analyze detailed settings in underlying HR systems and translate complex technical information into terms that are easily understandable to business managers and auditors. Users can tailor the solution to their own business processes by using the product’s configurable interface to create custom rules and controls. Exceptions are immediately identified so that managers can take corrective actions.

“Regulatory compliance spending is growing at a rate twice that of IT spending,” said Gartner analyst French Caldwell in the research note titled “Top Predictions for 2006 and Beyond,” dated November 28, 2005. Caldwell advises companies to “reduce the costs of compliance by automating manual process controls, implementing solutions that reduce the amount of internal and consulting labor required to document and maintain internal controls.” Caldwell goes on to say that “companies should also strive to reduce costs associated with internal and external audit by using new audit and reporting tools.”

BizRights Payroll Insight enables auditors, controllers and payroll managers to eliminate the time and effort required to perform manual testing and reporting procedures. In addition, Payroll Insight helps identify discrepancies in payroll systems that would otherwise go unnoticed. These errors can amount to hundreds of thousands of dollars a year in unnecessary expenses for a typical company. Examples of common issues that Payroll Insight can flag include duplicate payroll runs, payroll runs for terminated or “ghost” employees and unauthorized changes to payroll records and time management systems.

The business rules incorporated within Payroll Insight were developed in conjunction with leading accounting and audit firms, customers and Approva’s staff of compliance specialists. As a result, Payroll Insight can reduce compliance risk by enabling users to proactively identify and resolve the areas of greatest exposure. In addition, business users are able to respond quickly to requests from internal and external auditors.

“Approva has a proud tradition of market leadership in the Enterprise Controls Management industry,” said Silas Matteson, Vice President of Products at Approva. “BizRights Payroll Insight extends this tradition, by giving human resource and finance managers unparalleled insight into the end-to-end payroll process inside their ERP systems. This helps companies uncover and address costly, hard-to-find errors and fraud in day-to-day payroll processes.”

The BizRights Payroll Insight is generally available to customers today and joins the existing family of BizRights Process Insights which include: Procure-to-Pay Insight, Order-to-Cash Insight, Financial Close Insight, Authorizations Insight and User Activity Insight. More information is available at www.approva.net.

______________________________________________________________________

PUBLIX SUPER MARKETS SELECTS APPROVA BIZRIGHTS SOFTWARE FOR GREATER INSIGHT INTO SAP BUSINESS PROCESSES AND CONTROLS

Reston, Va. – December 13, 2005 – Approva^® Corporation, the leader in enterprise controls management software, today announced that Florida-based Publix Super Markets, Inc., has selected the Approva BizRights^® software platform.

The Approva BizRights platform continuously monitors and correlates users, systems configurations and transactions for various business processes across all ERP systems and instances. BizRights identifies and prevents critical internal controls violations related to user authorizations, segregation of duties and access to sensitive transactions. Residing outside the ERP application, it ensures no performance degradation to the application and maintains independence of audit from the production system.

Publix Super Markets is the largest employee-owned supermarket chain in the United States and one of the nation’s 10 largest-volume supermarket chains with retail sales of $18.6 billion last year. It has more than 133,000 employees and 867 store locations across Florida, Georgia, South Carolina, Alabama and Tennessee.

“With our software, Publix Super Markets now has the ability for business process owners to oversee controls and collaborate more effectively with their information technology specialists,” said Prashanth (PV) Boccasam, President and CEO of Approva. “We are excited that Publix has selected Approva and welcome them to our list of world-class customers.”

______________________________________________________________________

UGS CORP. IMPLEMENTS APPROVA BIZRIGHTS TO STREAMLINE COMPLIANCE AND STRENGTHEN BUSINESS CONTROLS

Global PLM Company Enhances Efficiency of Internal Control for IT Security and Procurement Processes

Reston, Va. – December 15, 2005 – Approva^® Corporation, the leader in enterprise controls management software, today announced that UGS Corp., a leading global provider of product lifecycle management (PLM) solutions, has implemented the Approva BizRights^® software to manage and enhance its enterprise-wide business controls.

Headquartered in Plano, Texas, UGS deployed the BizRights Platform and Authorizations Insight to manage access requests to its SAP systems and to streamline compliance efforts related to controls such as segregation of duties (SOD). In addition, UGS is implementing the BizRights Procure-to-Pay Insight to help continuously monitor business controls throughout its procurement processes.

“Our immediate need was to help us meet the Sarbanes-Oxley requirements for segregation of duties,” said William Cronin, IT Director of Finance and Human Resources Applications for UGS. “BizRights provides us better monitoring and control of both user access and user activity in business process areas such as procurement. We’re extremely pleased with the value we have obtained from Approva.”

Approva BizRights enables business managers at UGS to design, implement, test and monitor business controls. Rules, reports and analysis are presented in plain English so managers can make quick, informed decisions when conflicts arise. BizRights monitors financial transactions and ensures that fraudulent or erroneous transactions are immediately flagged. If any violation occurs, the appropriate personnel are notified.

“We’re enormously pleased that UGS has joined our roster of blue-chip customers,” said Approva CEO Prashanth (PV) Boccasam. “We look forward to working further with UGS to help them expand their implementation of BizRights and enhance business controls across their enterprise.”

______________________________________________________________________

APPROVA BIZRIGHTS ACHIEVES ECC 5.0/MYSAP ERP 2004 INTEGRATION CERTIFICATION

Certification demonstrates continued strength of Approva relationship with SAP

Reston, VA – September 26, 2005 – Approva® Corporation, the leader in continuous controls intelligence software, today announced that its BizRights Adapter Version 3.0 has been certified for SAP's ECC 5.0/mySAP ERP 2004.

The BizRights Adapter is a component of the BizRights Platform, which enables BizRights to interface with various ERP and business applications. The BizRights Adapter supports mySAP and is a collection of ABAP modules designed to extract a wide variety of data in an efficient and scalable manner. The BizRights Adapter can also perform provisioning tasks such as creating user accounts and assigning or revoking roles.

The certification tests performed by SAP Labs were done with the BizRights Adapter Version 3.0 installed and running on the SAP Web Application Server (WAS) 6.40 and tested with data from an ECC 5.0 / mySAP ERP 2004 production landscape. This is the third major release of the BizRights Adapter that has been certified.

The certification assures customers that SAP Labs, Inc. has reviewed and tested BizRights to ensure it operates properly with mySAP ERP 2004, ECC 5.0, and WAS 6.40. Achieving this certification demonstrates Approva's continued commitment to support and work with SAP under the guidelines of SAP Labs certification programs.

"This certification is a continued validation of our strong technical and business relationship with SAP," said Prashanth (PV) Boccasam, CEO of Approva. "Enterprises that rely on BizRights for insight into their control environments can be confident that our solutions are highly compatible with their core SAP environments. Working effectively with ECC 5.0 and mySAP ERP 2004, BizRights customers will costeffectively automate compliance, improve business efficiency and increase their return on their SAP investments."

______________________________________________________________________

NEW CUSTOMER SPOTLIGHT

We’d like to welcome the following new customers into the Approva family - Arch Chemicals, Inc., Coca-Cola Bottling Company Consolidated, ConAgra Foods, Inc., Cooper US, Inc., Limited Brands, Inc., McAfee, Inc., Multiquip, Inc., ScottsMiracle-Gro, Siemens Energy & Automation, Sony Ericsson Mobile Communications, Tellabs Operations, Inc., Textron, Inc., VNU Inc., Walter Industries, Inc.

Thank you to every one of our customers who provided reference calls during these evaluation cycles. Your continued support is always appreciated.

______________________________________________________________________

Hyperion Makes Strategic Investment in Approva, Selects Approva As Technology Partner

Approva is proud to announce that Hyperion Solutions, the global leader in business performance management, has made a strategic investment in our company. Hyperion has also selected Approva as a Hyperion Technology Partner. We look forward to continuing our rapid growth with the support of industry-leading partners like Hyperion. More ...

______________________________________________________________________

Approva Named To AlwaysOn Top 100 Private Companies List

Leading technology business network AlwaysOn named Approva to its list of top 100 private companies last month. Approva was handpicked by the AlwaysOn editorial team based on a set of five criteria – innovation, market potential, customer adoption, media buzz and investor value creation. Approva was selected from over 1000 companies submitted by investment bankers, industry analysts and venture capitalists. More ...

______________________________________________________________________

Financial Close Process Insight

The BizRights Financial Close Insight, which monitors for suspicious, unusual, or inaccurate transactions during the financial close process, is the latest addition to the BizRights family of Insights. As with the Procure-to-Pay Insight and the Order-to-Cash Insight, the Financial Close Insight uses concise, clearly described rules and reports to monitor automatically and continuously for business exceptions, based on the unique needs of an organization, division or group of users. More ...

______________________________________________________________________

User Activity Insight

Approva would also like to announce availability of its User Activity Insight (UAI) product, which helps business users establish automated tests for mitigating accepted risk from SOD and sensitive transaction issues. UAI correlates user activity with the transaction violations found from Authorizations Insight and defines new rules to monitor transaction usage. It also gathers and displays historical usage information showing how the transactions in a role are – or are not – being used. More ...

______________________________________________________________________

Did you know about the $9m that went for a walk?

Did you know that with the Procure-to-Pay Process Insight, you can stop employees from engaging in improper transactions before they mount up to big losses? Before using Approva BizRights, one customer lost $9 million when an employee shipped merchandise to his home and resold it for personal gain. This is just one of the hundreds of examples of fraud and inefficiency that BizRights Insights can help flag. Duplicate payments, unauthorized changes to master records, GR/IR mismatches, purchase orders that are changed after approval, the list is endless. The BizRights Procure-to-Pay Insight can pay for itself very quickly – and help you and your procurement and accounting managers avoid potentially expensive mistakes – or worse. More ...

______________________________________________________________________

SARBANES-OXLEY THIRD ANNIVERSARY: BY SLIM MARGIN, FINANCIAL EXECUTIVES NOW SAY ACT IS "MORE OF A NET GAIN TO INVESTORS" THAN A NET LOSS.

A survey of CFOs and Financial Executives Finds Cautious Optimism, Lower Costs. More ...

______________________________________________________________________

CONSIDER SOLUTIONS TO PARTICIPATE IN SAP CUSTOMER CONFERENCE 'SAPPHIRE 2005' IN COPENHAGEN 26-28 APRIL

Consider Solutions and Approva launch Bizrights software for the automation of internal controls at Sapphire European conference. Recent customer wins for Bizrights include Coca-Cola, Intel, IPG, John Deere, Sony Playstation, Sikorsky, SC Johnson. More ...

______________________________________________________________________

PRESENCE IN EUROPE: FORMS STRATEGIC PARTNERSHIP WITH CONSIDER SOLUTIONS TO MARKET BIZRIGHTS SOFTWARE IN EUROPE

The leader in enterprise controls management software engages Consider Solutions to spearhead growth in the rapidly growing market for automation, test & monitoring of internal controls for Sarbanes-Oxley and good corporate governance. More ...

______________________________________________________________________

CONSIDER APPOINTS FOUNDER & CHIEF SCIENTIST TO THE BOARD

Founder & Industry Visionary Tom Gruber to provide leadership in the application of technologies to support communication, co-ordination & control in collaborative work.

______________________________________________________________________