Duplicate Payments Analysis - FTSE100 construction company
Upcoming SlideShare
Loading in...5
×
 

Like this? Share it with your network

Share

Duplicate Payments Analysis - FTSE100 construction company

on

  • 888 views

The client’s accounts payable function is managed via their Finance application, DEMA. Due to data quality issues a risk of duplicate payments was identified. We were commissioned to develop ACL ...

The client’s accounts payable function is managed via their Finance application, DEMA. Due to data quality issues a risk of duplicate payments was identified. We were commissioned to develop ACL scripts to help mitigate this risk.

Statistics

Views

Total Views
888
Views on SlideShare
887
Embed Views
1

Actions

Likes
0
Downloads
10
Comments
0

1 Embed 1

http://www.linkedin.com 1

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Duplicate Payments Analysis - FTSE100 construction company Presentation Transcript

  • 1. FTSE 100 construction company
    Duplicate Payments Analysis - ACL Data Analytics
    March 2011
  • 2. About DataConsulting
    Business Overview
    Scope
    Output
    Results
    Agenda
  • 3. About DataConsulting
    DataConsulting set up in 2007 to provide data analysis services to audit teams and finance departments
    Partners are ex-Deloitte and PwC; employ accountants, auditors and developers
    Deep technical expertise in CAATs, continuous auditing, business modelling, spreadsheet assurance and tactical solutions
    Wide client base
  • 4. Business Overview
    The client’s accounts payable function is managed via their Finance application, DEMA. Due to data quality issues a risk of duplicate payments was identified
    We were commissioned to develop ACL scripts to help mitigate this risk
    Scripts will be executed twice before payment runs
    Potential matches will be reviewed by back office staff prior to payment being released
  • 5. Scope
    Develop automated scripts that:
    Import and merge Purchase and Subcontract Ledgers extracts
    Apply a ”fuzzy logic” match on the invoice date, reference number and amount
    Build in intelligence to filter false positives and to provide additional information into each match
    Provide evidence of testing including test data and test scripts
    Manage handover knowledge and CAATs
  • 6. Output
  • 7. Results
    This solution was successfully implemented and has now become an effective monitoring control in the client's payment process
    Scripts executed twice a day preventing duplicate payments
  • 8. Questions?
  • 9. Alex Psarras
    alex.psarras@dataconsulting.co.uk
    07585 967 438
    DataConsulting Ltd
    5 Appleton Court
    Calder Park
    Wakefield WF2 7AR
    Tel 01924 254 101
    www.dataconsulting.co.uk
    Copyright DataConsulting Ltd 2011. All rights reserved.