Sikorsky Aircraft Corporation Selects Approva BizRights Software for Greater Insight into SAP Business Processes and Controls

Business Wire, March 29, 2005

VIENNA, Virg. -- Approva(R) Corporation, the leader in enterprise controls management software, today announced that Sikorsky Aircraft Corporation has selected the Approva BizRights(R) software platform to gain added insight and control over business processes within the SAP application.

Sikorsky Aircraft Corporation is a world leader in helicopter design, manufacturing and service. Sikorsky is a subsidiary of United Technologies Corporation (NYSE: UTX) which provides a broad range of high technology products and support services to the aerospace and building systems industries.

Approva BizRights software provides a robust foundation for enterprise controls management and is the first tool to move beyond simple detection to preventing violations, monitoring operations, and supporting systems and processes that incorporate applications from multiple vendors. It relies on sophisticated techniques to uncover control problems, performs preventative assessments to avoid violations, and provides operational analysis of configurations and transactions to improve business operations, all within an application-independent architecture. With it, companies are moving past reactive, point-in-time audits to continuous monitoring of ERP system activity.

"As the first name in helicopter design and manufacturing, Sikorsky represents an important and valuable customer for our organization," said Prashanth (PV) Boccasam, CEO of Approva. "Because the BizRights software adds greater control and insight into business processes tied to ERP applications, companies like Sikorsky can create a more cost-efficient and automated compliance process."

About Approva Corporation

Approva Corporation enables large organizations to transform compliance efforts into competitive advantage. By offering unique, continuous and actionable insight into business processes, Approva software provides sustainable compliance and delivers improved control, increased profit and enhanced shareholder confidence. The patent-pending Approva BizRights(R) platform is the first product to allow all corporate compliance stakeholders - including business managers, auditors, and information technology specialists -- to collaboratively manage controls and optimize related processes. BizRights provides continuous, independent visibility into ERP activity, producing business-friendly reports that both business and IT managers can act upon. The software correlates user, transaction and system setting data against pre-defined and configurable rules to proactively pinpoint control violations and business exceptions. Valuable risk analysis ranks the impact of potential violations for improved prioritization. With BizRights, companies can resolve issues faster, prevent new control conflicts and create complete audit trails for change management. Global brands such as Colgate-Palmolive, Wrigley, Pratt & Whitney and others are reducing the cost of compliance, minimizing business risk and increasing operational efficiency with Approva solutions. For more information, visit us at www.approva.net.