Dataconsulting was commissioned to develop ACL scripts for a construction company's accounts payable to mitigate the risk of duplicate payments due to data quality issues. The scripts utilize a fuzzy logic match on invoice details and filter false positives, becoming an effective monitoring control implemented twice a day. This solution has enhanced the client's payment process and reduced the occurrence of duplicate payments.

1. FTSE 100 construction companyDuplicate Payments Analysis - ACL Data AnalyticsMarch 2011

2. About DataConsultingBusiness OverviewScopeOutputResultsAgenda

3. About DataConsultingDataConsulting set up in 2007 to provide data analysis services to audit teams and finance departmentsPartners are ex-Deloitte and PwC; employ accountants, auditors and developersDeep technical expertise in CAATs, continuous auditing, business modelling, spreadsheet assurance and tactical solutionsWide client base

4. Business OverviewThe client’s accounts payable function is managed via their Finance application, DEMA. Due to data quality issues a risk of duplicate payments was identifiedWe were commissioned to develop ACL scripts to help mitigate this riskScripts will be executed twice before payment runsPotential matches will be reviewed by back office staff prior to payment being released

5. ScopeDevelop automated scripts that:Import and merge Purchase and Subcontract Ledgers extractsApply a ”fuzzy logic” match on the invoice date, reference number and amountBuild in intelligence to filter false positives and to provide additional information into each matchProvide evidence of testing including test data and test scriptsManage handover knowledge and CAATs

6. Output

7. ResultsThis solution was successfully implemented and has now become an effective monitoring control in the client's payment processScripts executed twice a day preventing duplicate payments

8. Questions?

9. Alex Psarrasalex.psarras@dataconsulting.co.uk07585 967 438DataConsulting Ltd5 Appleton CourtCalder ParkWakefield WF2 7ARTel 01924 254 101www.dataconsulting.co.ukCopyright DataConsulting Ltd 2011. All rights reserved.