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| Approva Releases BizRights Payroll Insight Approva Corporation has announced the availability of BizRights Payroll Insight, the latest in its Process Insight series of solutions for managing controls of specific business processes. The BizRights Payroll Insight enables companies to improve efficiency, reduce compliance risk and eliminate fraud by implementing, monitoring and improving the business controls related to their payroll administration, personnel records and time management systems. BizRights Payroll Insight provides pre-defined rules, which monitor the accuracy and consistency of payroll records in ERP and HR systems and ensure compliance with critical business controls. These rules analyze detailed settings in underlying HR systems and translate complex technical information into terms that are easily understandable to business managers and auditors. Users can tailor the solution to their own business processes by using the product's configurable interface to create custom rules and controls. Exceptions are immediately identified so that managers can take corrective actions. BizRights Payroll Insight enables auditors, controllers and payroll managers to eliminate the time and effort required to perform manual testing and reporting procedures. In addition, Payroll Insight helps identify discrepancies in payroll systems that would otherwise go unnoticed. These errors can amount to hundreds of thousands of dollars a year in unnecessary expenses for a typical company. Examples of common issues that Payroll Insight can flag include duplicate payroll runs, payroll runs for terminated or "ghost" employees and unauthorized changes to payroll records and time management systems. The business rules incorporated within Payroll Insight were developed in conjunction with leading accounting and audit firms, customers and Approva's staff of compliance specialists. As a result, Payroll Insight can reduce compliance risk by enabling users to proactively identify and resolve the areas of greatest exposure. In addition, business users are able to respond quickly to requests from internal and external auditors. write your comments about the article :: © 2006 Computing News :: home page |