Infor Approva Continuous Monitoring helps businesses to execute repeatable and reliable processes. This ensures you meet the control aspects of related to Governance, Risk and Compliance (GRC) in your organization. Infor Approva Continuous Monitoring helps businesses by providing them with a holistic view of data spanning across multiple business environments. It helps you get the visibility you need to minimize your company’s risk of noncompliance, security and governance breaches.
Infor Approva Continuous Monitoring is the only solution that comes with out of the box content. This monitors and correlates all the four control types required for multiple applications and all major business processes that include:
• Accurate transaction monitoring spanning business application across multiple platforms.
• Verification of the integrity of Master Data available.
• Managing and testing users access to applications against approved entitlements.
• Verification of legitimate application and process configurations.
To elaborate, Infor Approva Continuous Monitoring can help you in the following ways:
Key Risk and Performance Indicators, Dashboards and Reporting:
You will be able to track KRIs and KPIs and automate management reporting. Infor Approva comes with configurable dashboards and reports that can be personalized for each and every role or user as required. You can score risks and quickly understand the financial implications and risks of each exception – allowing you to prioritize follow-ups.
Risk Identification and Management:
Risk identification and management through Infor Approva allows you to inspect 100% of your data and transactions. Through Infor Approva you can automatically identify exceptions as and when they occur. It allows for alerts issue areas to be addressed immediately. Companies are better able to manage exceptions, allowing for assigning them to others and collaboration via email, across geographies. Managers can easily track progress and ensure consistent follow-up via dashboards and detailed reports.
Detailed reporting for auditors:
Organizations can now streamline external audits using the detailed audit reports that can provide complete information about the access review process. It also provides the status of people having access to critical business systems, along with an audit trail of access approvals organization wide. You can then drill down to view any related information. This helps to quickly identify the root cause of each exception for auditors.
Best practice business rules:
Infor Approva uses out-of-the-box rules to assess financial processes immediately. It comes with easy to use graphical interfaces that enable finance managers to write up and update rules that are tailored for specific business requirements.
Pre-built integration adaptors and tools:
Infor Approva also comes with pre-built integration adaptors and tools such as Monitor Infor, SAP, Oracle, and PeopleSoft applications, allowing for seamless integration.
So, if you are considering a continuous monitoring system for your business, Infor Approva Continuous Monitoring is a good bet as it comes with the best of features and support.