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., Dec. 15 /PRNewswire/ -- Approva(R) 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(R) 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."

About Approva Corporation

Approva(R) Corporation is the industry-leading provider of Enterprise Controls Management software that enables companies to strengthen their internal controls environment. Approva's controls automation and assurance software helps streamline compliance for regulations such as Sarbanes-Oxley (SOX), eliminate time spent on manually testing business controls, reduce fraud and provide actionable insights for business improvements. Auditors, executives, and IT security managers use the Approva BizRights(R) solution to design, test and continuously monitor their business controls. Global companies such as Air Products, Colgate-Palmolive, DirecTV, Honeywell, Microsoft, Novartis, Pratt & Whitney and Sony Entertainment rely on Approva BizRights to reduce compliance risk, increase operational efficiency and flag exceptions to their business controls. 

www.approva.net

  Get a free CADinfo news feed here...