The company said its technology will enable federal government organizations to meet their compliance needs and remove waste and fraud through process insights.
The federal practice will be managed by Clark Austin, a veteran of the federal marketplace with experience selling enterprise software and services.
Federal organizations need to not only apply controls, but use knowledge gained from exceptions-based monitoring to manage their resources efficiently, Austin says. Approva offers a cross-platform internal controls platform which serves the needs of the broadest possible cross-section of federal organizations.
Approva said its architecture will continuously analyze users, configurations and transactions in a bid to provide customers with a view into both compliance and efficiency issues. The software will also automate the testing and monitoring of internal controls and business processes to allow users to reduce the cost of regulatory compliance, improve the quality of their audits and boost productivity in their organizations.
