First Advantage Selects Approva to Monitor User Access Controls for Oracle E-Business Suite
RESTON, VA--(Marketwire - September 13, 2007) - Approva®
Corporation, the leader in continuous controls monitoring and audit
automation software, announced today that First Advantage Corporation (NASDAQ: FADV)
has licensed Approva's products to provide a continuous controls monitoring
(CCM) solution that reduces the time and expense involved in identifying,
remediating and monitoring internal controls for the Oracle E-Business
Suite.
"We selected Approva to strengthen our overall control environment and
automate the way we audit user access controls for our Oracle users," said
John Hornbeck, Vice President of Internal Audit, First Advantage.
"Approva's unique business friendly interface will enable us to push
ownership of controls to business users and to reduce audit preparation
time by accurately identifying true compliance issues and avoiding false
positives."
First Advantage will use Approva's continuous controls monitoring solution
to implement both detective and preventive controls across their Oracle
environment. Approva will help First Advantage to quickly and easily
detect, remediate, and prevent segregation of duties conflicts and
inappropriate access to sensitive transactions.
"We are pleased to add First Advantage to our long and growing list of
Oracle E-Business Suite customers," said Approva Chief Executive Officer
Prashanth "PV" Boccasam. "Companies like First Advantage, that use Approva
to monitor controls within Oracle, have been able to rapidly eliminate
control exceptions and reduce the time they spend testing controls and
preparing for their audits."
Approva is hosting a webinar on "Addressing the Top Five Audit Challenges
in Oracle E-Business Suite" on Sep 25th (11AM EDT). John Hagerty, Vice
President and Research Fellow, AMR Research, will explain how companies are
replacing audit-driven compliance projects with automated continuous audit
processes. The webcast will also include a demonstration of how Approva's
continuous controls monitoring software can address top five audit
challenges within Oracle E-Business Suite and detailed case studies which
illustrate the benefits of automating controls monitoring. For more
details and registration click here
(http://w.on24.com/r.htm?e=94177&s=1&k=3B5633E8F1BBF5F8142A8C31B458AF75&partnerref=PR
).
About Approva
Approva® Corporation is the industry-leading provider of continuous
controls monitoring and audit software. We enable business, finance, IT and
audit professionals to automate the on-demand testing, closed-loop
remediation and continuous, exception-based monitoring of controls within
and across their business systems. Using our solutions, customers are able
to significantly increase visibility into their controls, streamline the
audit process, cost-effectively sustain their compliance initiatives and
reduce exposure to mistakes, fraud and inefficiencies for business
processes such as procurement, sales and delivery, payroll and financial
close. Global companies such as Campbell Soup Company, Colgate-Palmolive,
the Commonwealth of Pennsylvania, DirecTV, Discovery Communications,
Honeywell, McCormick & Company, P&G, Pratt & Whitney, Siemens and Wyndham
Hotels & Resorts rely on Approva BizRights® Platform and Enterprise
Controls Suite to reduce compliance risk, increase operational efficiency
and flag exceptions to their business controls. Approva is a member of the
Oracle Partner Network and has certified integrations with Microsoft, Sun
Microsystems, IBM and SAP among other technology leaders. For more
information, visit www.approva.net.
Editors Note: For additional and more specific background on each of
Approva's initiatives, please go to Approva's press room at
http://www.approva.net/company/press/releases/archive/2007.
Contact Information:
For More Information Contact:
Matthew Langan
DBC Public Relations for Approva
202.298.7600 x.219
matthew@dbcpr.com