DataConsulting August 2012 Newsletter

DataConsulting August 2012 Newsletter

2012-08-01

Welcome to the August edition of the DataConsulting newsletter. Apart from my rambling introduction the newsletter is aimed to update you on the latest developments and activities relating to all things ACL.

Well weren’t the Olympics amazing? I can also almost forgive Seb for not letting me have any tickets for the synchronised swimming! As an amateur part time triathlete and yorkshireman the highlight of the games for me was Alistair and his brother Jonny securing Gold and Bronze respectively in the triathlon. What was yours? Feel free to tell us.

On the newsletter front we’ve got a really packed one for you. Highlights include a look at the 9.3 release for ACL Desktop which comes with a new fuzzy matching feature based on the Levenshtein model. We’re always being asked about the main differences between ACL and Excel so we’ve got a feature on that. For those of you who work with SAP, ACL have released a video showing some insight into how data can be easily accessed from SAP using Direct Link. Another interesting development is the announcement of a strategic alliance between ACL and the Datawatch Corporation (the people behind Monarch). This alliance should help to load in those difficult report style files.

To complement the highly successful London ACL User Group we are planning to introduce a Regional ACL User Group for those of you who struggle to make it the London User Group. I would be interested to hear from any of you who may thoughts on this in terms of content, location etc. Let us know using this link.

Enjoy the rest of August, see you in September.

Robin

Introducing ACL Desktop 9.3

Faster. Stronger. Smarter.

The newly released version builds upon the current products features and functions – providing customers with faster, stronger and smarter business assurance.

ACL Desktop vs Excel

Why ACL Desktop?

DataConsulting’s Principal Consultant explains the differences between Excel and ACL Desktop and shares with us a useful eBook by ACL’s Peter Millar called “Risky Business: Relying on Spreadsheets for data analysis”.

Fuzzy Duplicates Explained

The Levenshtein Distance

ACL Desktop version 9.3 builds on the ACL excellence, incorporating fuzzy match features which are extremely powerful. The latest version of ACL Desktop introduced us to a new command – FUZZYDUP – and two new functions – LEVDIST() and ISFUZZYDUP() – that rely on the Levenshtein Distance.

Spotlight on AX Dashboard

Over the years ACL has invested heavily in their product portfolio, developing capabilities far beyond their Desktop tool. These have included multi-user collaboration, centralised multicore processing, scheduling and workflow management to name but a few. But for a long time the one critical component missing from their suite has been high specification Data Visualisation.

In partnership with Yellowfin business intelligence, ACL’s latest offering AX Dashboard, bridges the visualisation gap with a phenomenal array of graphing and drill down capabilities. The tool sets a new standard for reporting. Whether it’s continuous auditing, boardroom reporting or continuous business monitoring, the range of visual representations available to the end-user is unparalleled.

ACL Webinar: Quick Guide Dealing with SAP

Join Steve Biskie, SAP expert & Director of Services Product Management, ACL, for a special SAP webinar to show you how to gain direct, seamless access to your data without relying on IT.

ACL and Datawatch Announce Strategic Alliance to Enhance Analytics for Audit, Risk and Compliance Professionals

VANCOUVER, BC and CHELMSFORD, Mass., August 1, 2012 – ACL Services Ltd., the leading provider of technology for audit and compliance professionals, and Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of information optimization software and services, today announced a strategic alliance that will provide audit, risk and compliance professionals with enhanced ability to analyze data trapped in static reports such as PDFs, HTML files, print files and other content-rich data sources.

“Audit, risk and compliance professionals continually seek technologies that help them deliver more responsive, accurate guidance for their businesses,” said Laurie Schultz, president and COO of ACL. “This agreement furthers our mission to provide this technology in a convenient, easy-to-use solution. The efficiencies and capabilities of the combined ACL and Datawatch offering will allow our mutual customers to cost-effectively reduce effort and improve success.”

ACL Success Story – Healthcare – Baptist Health System, Inc.

Streamlined regulatory compliance through continuous auditing

“Working with ACL technology has elevated our reputation as a trusted resource. The internal audit group is increasingly viewed as a business partner that adds significant value to the organization.”

Brantley Synco, Director of Audit Services, Baptist Health System, Inc.

how Baptist Health System has applied ACL technology to:

  • Quickly access data from multiple systems and platforms
  • Implement automated audit analytics with full data coverage
  • Schedule data extracts and analyses during offpeak hours

Upcoming London ACL User Group Meeting

The ACL London User Group is a group of ACL users that exchange ideas and techniques about using ACL and discussing best practices. It is run by the users, for the users. Attendees are steadily increasing, with more and more experiences being shared.

Now into its third year, the next ACL London User Group meeting will be held on Thursday 25th October from 18:00 to 20:00, hosted by Ernst & Young. Details on presenters will be confirmed closer to the date.

Coffee Corner

Olympic trivia

If you are suffering from the end of the Olympics:

a) Get out of the house and get active

b) Enjoy some Olympic trivia. Hope you like these

Upcoming Events and ACL Open Enrolment Courses

Audit Management My Way: ACL Workpapers webinar – September 6th, 2012 – 19:00 GMT – Register now

ACL 182: Concepts and Practices – London, September 25-27, 2012 – Get a quote

London ACL User Group Meeting – London, October 25th, 2012, 18:00 to 20:00 – Register

Can’t wait until next months’ newsletter?

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