ACL Analytics Review
It is very helpful in recovering overpayments and accounts payable monitoring.


Valuable Features

The ability to rapidly test 100% of data without having to worry about altering or corrupting the original data. Can easily find errors and duplicates, as well as perform calculations. Data from multiple sources can be joined. Numbers, characters, and text can be analyzed and even extracted from PDF files.

Improvements to My Organization

It is very helpful in recovering overpayments and accounts payable monitoring. For example, duplicate payments, missed discounts, price discrepancies, and credit memos not taken are found very quickly. It is also helpful in finding gaps in check sequences, unauthorized vendors, and even dollar payments which might indicate fraud.

Room for Improvement

The live training costs are too expensive. There are free self learning tutorials included with the product, but it would be nice to go to a class with an instructor.

Deployment Issues

Deploying the product was very easy. After I signed the contract, I was given login information and after a short download, I was up and running.

Stability Issues

No issues encountered.

Scalability Issues

No issues encountered.

Customer Service and Technical Support

Customer Service:

They're very good.

Technical Support:

They're very good.

Previous Solutions

I have previously used Microsoft Office programs such as Excel and Access. ACL can handle larger data sets. It also offers more flexible testing since the user is able to write their own testing scripts. It is a more intuitive interface and is easier to use functions.

Initial Setup

Just a simple download and an Excel add-in bonus was given.

Implementation Team

I just did everything myself.

ROI

The product pays for itself very quickly. In just one job, you can recoup the cost. It would be higher had I paid for the training though.They have changed their pricing model. Now it's an annual fee instead of a one time purchase.

Pricing, Setup Cost and Licensing

They have changed their pricing model. Now it's an annual fee instead of a one time purchase.

Other Solutions Considered

I looked at TopCAATs (Wolters Kluwer) and IDEA. It seems that ACL is the most prominently used product in the industry, and that is the main reason I went with it.

Other Advice

I think it is great, but requires some devotion to learning. It is an audit product with some data visualization capabilities. It is meant to do data cleansing and finding errors, which makes is much more comprehensive than BI products like Tableau. A CAAT product combined with Tableau if a frequent combination.

Disclosure: I am a real user, and this review is based on my own experience and opinions.

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