Integrated analytics
The power of audit analytics integrated into your workflow: TeamMate Analytics is integrated to work directly with TeamMate+ Audit. This allows you to capture analytics evidence as part of the audit without separate systems that struggle to talk with each other.
Continuous Risk: Continuously assess risks through powerful analysis on an on-going basis.
Stop Sampling: Assessing risks and controls through sampled data only shows you part of the picture. TeamMate Analytics provides analysis of full data sets.
Every Auditor: Other data analysis software requires coding and/or a Database Administrator. Because TeamMate Analytics is Excel-based, you can put the power of analytics into the hands of every auditor on your team.
ROI: It is becoming near impossible to gain sufficient audit evidence and risk coverage using traditional manual audit methods such as sampling alone. Data analytics allow Auditors to carry out more work, in less time, with greater coverage, and with a whole host of other benefits.
Powerfull functions
Test Library
The Test Library contains more than 150 fully documented tests. Tests are available in many common audit areas and assist auditors in what to look for. Full and concise descriptions of the tests, when it is most useful, what data is necessary, and how to run the tests, are also provided. In most cases, workflows are pre-built so tests can run in a few clicks.
Manipulate data
Often auditors need to prepare data for analysis by performing various data manipulations. TeamMate Analytics provides many easy-to-use tools to manipulate text, dates, times, and numbers, to join data together or break data apart. These tools allow data to be formatted appropriately for further analysis. Customers have mentioned that TeamMate Analytics data manipulation tools have saved them hours of effort.
Workflows of tests
TeamMate Analytics comes with standard workflows of tests that auditors can modify or build on their own. These workflows can be built by auditors in a point and click, no-code environment. Additionally, workflows can be shared with others, giving auditors the ability to share their expertise with everyone on their team.
Continuous auditing and monitoring
The Continuous Analyzer allows auditors to automate scheduled runs of an Expert Analyzer workflow. This can be set based on a daily, weekly, or monthly schedule, or when another process has been completed. Data sources can be refreshed, exception criteria can be specified and notifications can be set without requiring IT involvement, servers, or coding.
Visualize and report
With the knowledge that charts and graphs can make data much clearer, TeamMate Analytics provides multiple mechanisms for creating visualizations. These mechanisms can be used to help initially interpret the data or to communicate findings to others. Included in an Expert Analyzer workflow, multiple visualizations when shown side by side can tell a compelling story.
Sources
TeamMate Analytics for Audit | Wolters Kluwer
For auditors who are challenged to improve audit productivity while delivering strategic insights, TeamMate provides expert solutions, delivered with premium professional services, to auditors around the globe and in every industry.
For more information about TeamMate, please contact EGP - a partner of TeamMate in Vietnam - at here.
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