ACL, a maker of audit and risk management solutions, has released its new flagship data analytics software, ACL Analytics 11, and continuous monitoring solution, ACL Analytics Exchange 5, along with a suite of complementary subscription services. The new product capabilities directly address the most commonly-cited challenge faced by audit, risk, and compliance professionals looking to add value in their own organization, making the results of their work easily understandable to senior management.
According to a recent survey of more than 1,300 finance, audit, risk, and compliance executives, placing work in an executive context that conveys the value to executives was cited as the single biggest challenge for ACL’s customer base in 2014.
“Our vision is to create a world where auditors and other GRC professionals are the organization’s most sought-after people,” said Dan Zitting, VP of Product Management and Design at ACL. “When we ask our customers about their challenges they consistently tell us, ‘make me more productive, faster, and help me put my work into a format that management easily understands.’ This new product release—our biggest in more than a decade—is all about helping ACL-enabled professionals generate and then demonstrate value within their own organizations.”
ACL Analytics and ACL Analytics Exchange help organizations analyze massive volumes of transactional data to help protect the bottom line by identifying control deficiencies such as fraud and revenue leakage. The new versions boost analytic script performance speeds by 20%, and integrate advanced data visualization capabilities into Analytics Exchange so users can visually explore and share their findings with business stakeholders.
New subscription services for ACL customers include:
· ScriptHub – Accelerate data analysis efforts while augmenting scripting skills by leveraging this valuable library of pre-built analytic tests gathered from 25 years of ACL best practices.
· Results Cloud – Remediate, track, and follow up on exceptions. Quickly broadcast data analysis accomplishments to stakeholders via the cloud for increased collaboration, easier investigation, and more intuitive interpretation via beautiful charts and graphs.
· ACL Academy – Conveniently access a wide range of online training resources to help increase product knowledge and domain expertise.
“The latest releases within ACL’s product suite are extremely impressive, as the data visualization capabilities help me take something very complex and easily explain it to my stakeholders,” said Anna Cuson, Senior Internal Auditor at Self Regional Healthcare. “I have insight into components of the business that simply weren’t accessible before, so it’s a great value-add.”