Data Analytics

Data Analytics Software

Data Analytics Tool is software package helps auditors and other finance related professionals to quickly and easily analyse data, and to focus their attention on critical areas or transactions. It helps them for the effective audit/analysis using scientific methods.

One uses the Excel sheet to perform analysis on the data. Depending on the expertise of the person the audit result and time for audit would be different. Data Analytics Tool has many inbuilt algorithms which makes it very useful for any person to perform analysis. This not only reduces time but the results are also same for person with expertise or person doing it one time.

Typical Challenges

Typically everyone use Excel for analysis
How to extract data for analysis?
One should be expert of Pivot/Other features
Analysis is different for different people
Limitations of the Tool

Built-in Features

Tool is user friendly
Tool also uses Excel/CSV file.
Has built-in algorithms
- Data Sampling Algorithms - For data selection
- Analytical Features - Data filtration/validation
- Exception Analysis - Find exceptions in data
- Aging Analysis - Perform analysis on the basis of Date
- Additional Analysis - Merge or Compare two files
Export data in Excel along with analysis performed
Better Performance over Excel

Data Analytics Software

Typical Challenges

Built-in Features

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