SOURCE: Approva

September 13, 2007 16:55 ET

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