Simplify and Automate Analytics for Enterprises

Intro of Key Features of Auto eCAAT Ent
Standardise & Automate Data Analytics as you Need
https://www.wincaat.com

Global Leading Solution Provider in Data Analytics
for Empowering Professionals to realise potential
by Applying Thought to Technology.
Revolutionize Assurance, Compliance and
Consulting Services by Providing
Powerful Tools & Techniques
for Performing Data Analytics, BI and AI.

With Innovative Software Solutions,
We Empower CAs & CXOs to Harness:
Power of
Technology to
Provide Value
Addition through
IT-Enabled Service
offerings.
Subject Matter
Expertise and
Domain Knowledge
to Provide Existing
and Innovative
Services.
Professional
Potential to Provide
Value Addition as
Knowledge Workers
and be more
Effective and
Productive.

Higher use of Technology.
Greater Value Addition and
Serve your Clients in Shorter Time with
Deploying Systems and Solutions for Scaling up Services for
Empowering you to:

Add in to MS
Excel. Blends
simplicity of MS
Excel with the
power of data
from Database!
Designed from
Assurance,
Controls &
Compliance
perspective.
Automate Audit
or MIS group of
functions and
perform them at
one go and also
save as template
to re-perform.
Makes Data
Analytics Simple,
Effective,
Affordable with
Short Learning
Curve.
Why use Auto eCAAT Ent?
Simplify and Automate
Analytics for Enterprises

Auto eCAAT Ent: Add-in to MS Excel Simplify and
Automate Analytics
1. Designed from Assurance, Controls & Compliance perspective
2. Perform select group of functions at one go to generate all reports in Excel
Workbooks, based on selection “By Criteria” or “By Functions” and save as
template.
3. Automate Standard Audit/MIS process to perform select group of functions as
required.
4. Identify irregularities, exceptions, outliers and verify conformances/compliances
in digital data.
5. Perform various types of audit tests on Excel data in one go in a few clicks!
6. Blends simplicity of MS Excel with the power of data from Database!
7. Inbuilt data analytics approach and steps in the panels, menus and functions of
software.
8. Makes Data Analytics Simple, Effective, Affordable with short learning curve.

Features of Auto eCAAT
Ent & Pro Version

In what
format is
Data
Available
for Audit?
What is the
KEY to access
Digital Data?

How to be a NextGen Digital Accountant?

The Future will be exponentially Digital.
Chartered Accountants can
Future-proof their career
with Knowledge and skills of Data Analytics
to enhance value from their core competencies.
We have a host of solutions with inbuilt knowledge-base in the
field of Data Analytics to prepare you for this Digital Age.
Future is Digital and the need is Data Analytics

We have Invested time and resources to Creating Suite of Solutions
with required Knowledge-base.
We empower you with Online Courses to Explore and Exploit the Digital
Data with relevant Tools and Technologies!

What can you do with Data Analytics/BI Software?
Establish Facts & Issues
Explore Hunches & Ideas
Draw Inferences & Insights
Validate & Confirm Hindsight
Report Findings & Recommendations

What Type of Questions can Analytics Answer?

What is Auto eCAAT Ent?
• Developed by Auditors for Auditors to
Audit any Digital Data.
• Expert team-effort of > 25 man-years.
• Add-in to MS Excel as a new tab
• Use in any Assurance, Compliance,
Analytics or BI Assignment.
• Right blend of Simplicity.
• Ease of Use with Few Clicks.
• Ready for use with Min. Training.

What can you do
with it?
26
AUTOMATE
Data Analysis
for
Compliance,
Assurance,
BI or Fraud
Investigation

Add-in to MS Excel
Software
Easy to use and
Simple to Learn
Look & Feel of MS
Excel but with
Power of Database
Powerful
Automated Data
Analytics with
> 175 Functions
Automate
Complex
Analysis in a Few
clicks with Auto
Documentation
What is Auto eCAAT Ent?
Automated Data Analytics Specially Designed to perform analysis as per need!

Who can use Auto eCAAT Ent?
• Auditors: Financial, Compliance or IT, CXOs, Fraud/Forensics
investigator….
Those who are working as:
• Infer Insights from Information from any electronic format or
software!
Those who have to use Data
Analytics to:
• Enhance skills, grow in their career and be more effective.
Those who would like to:
• Use IT Tools and skills for accessing, analysing and auditing
electronic information.
Those who have to:
• Supplement their Knowledge and Skills to provide value addition
Those who have to:
• Investigate and report on frauds in electronic information of
automated environment.
Those who have to:

Why use Auto eCAAT Ent?
Comprehensive tool
to audit 100% of
the data.
Empower your
audit staff at
affordable cost.
Do more in less
time by enhancing
your productivity.
Easy to learn and
simple to use.
Perform analysis to
draw inference and
insight.
Power to process
complex files
quickly with a few
clicks.
Designed for new,
inexperienced and
expert CAATs users.
Integrated as a tab
in MS Excel but
with innate power
of database.
Grow professionally
empowered by
Technology.

Need for Data Analytics in Audit

Seven Key Benefits of using Auto eCAAT Ent
1. Enhance your
Skills and Tools
2. Increase
productivity of
your Time
3. Provide better
Assurance & Add
value
4. Grow your
Professional Team
& Esteem.
5. Accelerate your
Income earning
capability.
6. Develop
empowering
Reach & Impact.
7. Gain recognition
as a thought
Leader.

Do MORE
in less Time
with
Auto eCAAT
Ent
Automate your Analytics Process
And Re-perform as Required

Solutions and Opportunities: Standardise
Assurance Process
Get
Right
Data
Curate
&
Validate
Data
List
Tests to
Perform
List Tools
& Tech.
to Use
Infer
Insights
from
Results
Report
Risks
and
Insights

3 USEFUL SETS OF PROFESSIONALS
Mindset SkillSet Toolset

When to use CAATs/Data Analytics/BI?
Mathematics is exact but
Statistics is approximate
Data is dumb but
information is intelligent
Data Analysis is about
leveraging human
intelligence
Inference requires more
application of intelligence
Drawing inference from
data analytics is based on
applying human
intelligence to technology
to get required results.
Immense computing
power helps blend the
power of computers with
intelligence to interpret
what data is.

Seven Step Approach for Data Analytics
Identify and document the scope and objectives of Assurance/Compliance Assignment.
Identify what information will be required, to address audit scope and objectives and collect the data
from client in required digital format.
Review the data to understand what each column in file represents and how it might be relevant in
performing the audit.
Review and curate the data and format the header row for the file to make it ready for data
analytics.
Confirm that data is complete by comparing statistics from data analytics software and original
source of data/software.
Understand the Business processes/validations/controls relevant for audit.
Identify and document the audit tests to be performed and functions of data analytics software which can
be used.

Seven Steps for using Auto eCAAT Ent for Data Analytics
Remember Software can perform function & display results but user must select
right function/fields to get right results & draw insights from results.
Review Review Field Formats and change it to required format if required.
Delete Delete fields which are not relevant for audit and fields with only one
common value as no analytics is possible on this.
Document Document field description and related business process/validation rules.
Perform Perform harmonize sheet to get data and headers in right format for
analysis. Close all other MS Excel files except file required for analysis.
Make Make copy of the files and perform analysis only on copy of file.
Get Get Data Ready for Data Analytics.

Approach to using Analytics
Problems to
Analyse
Get/Process
Data
Analyse
Results
Measure
Insights
Apply
Learnings

Data Analytics in 4 Steps
1. Business
Process
Controls
2. Information
Criteria for
Evaluation
3. Tools and
Techniques to
Use (SW)
4. Analyse &
Report for Value
Addition

Panels Brief Description of Panels in Auto eCAAT Ent
By Criteria Performs the selected list of Auto eCAAT Pro functions, in succession
from the selected functions of specific panel.
By Functions Performs the selected list of Auto eCAAT Pro functions in succession,
as specified from this panel and display results in Wordbook(s) in
specific worksheets.
By Templates View, create, edit, delete, import (as per set format) list of eCAAT functions
to be performed together as per requirements of specific template and also
perform and save default audit/ function templates.
By Trendline Perform for Quadrants, Percentiles, Clusters, Patterns, Quadrant Analysis,
Percentile Analysis, Cluster Analysis, Pattern Analysis, for Numeric, for
Date, for Character, for Aging, for Outliers, for Pareto, for ABC, for ABCD,
for Classified, for List To Find, for RSF, for MVF, for Top(X), for MIS, in
succession as specified and displays results in Workbook(s) in specific
worksheets.
Document Record critical steps of data analytics by documenting steps used during
analytics.
Utilities Unique functions that complement & enhance use of Excel & are great
time-savers.

By Criteria
• Specific Features:
• Profile
• Analyse
• Investigate
• Sampling
Performs the
selected list of
Auto eCAAT Ent
functions, in
succession
from the
selected
functions of
specific panel.

By Functions
• There are 114
functions
covering all
areas of
analytics.
Performs the selected
list of Auto eCAAT Pro
functions in
succession, as
specified from this
panel and display
results in
worbook/worksheets.

By Templates
• There are 8
functions
covering
specific use of
Templates.
View, create, edit,
delete, import (as per
set format) list of
eCAAT functions to be
performed together
as per requirements
of specific template
and also perform and
save default audit/
function templates.

By Trendline
• Analysis
• Classification
• Results
Perform for Quadrants,
Percentiles, Clusters,
Patterns, Quadrant Analysis,
Percentile Analysis, Cluster
Analysis, Pattern Analysis, for
Numeric, for Date, for
Character, for Aging, for
Outliers, for Pareto, for ABC,
for ABCD, for Classified, for
List To Find, for RSF, for
MVF, for Top(X), for MIS, in
succession as specified and
displays results in
Workbook(s) in specific
worksheets.

Document
• Specific Functions:
• File Info, Log & Test
Data, Save as
• Hide/Unhide
• By Panel
• By Module
• Rerun
• Refresh
Re-performs and
edits previously
performed
template
functions & create
duplicate of saved
template & display
log of performed
templates.

Utilities
• Specific Functions:
• Schedules selected
specific functions to
be performed at
specified time.
This function lets
the user Schedule
the tasks or
functions of Auto
eCAAT Pro as per
requirement.

By Criteria:
There are > 145 functions which can be selected and performed as per the specific panel/menus.
By Functions:
There are > 110 functions which can be selected and performed under this panel.
By Template:
There are 8 functions which can be selected and performed under this panel.
By Trendline:
There are 26 functions which can be selected and performed under this panel.

Generic
Use Case of
Auto
eCAAT Ent:
What can
you do
with it?
• Add-in to MS Excel Software which is designed from Assurance, Controls and
Compliance perspective to Identify Irregularities, Exceptions, Outliers, Verify
Conformances and Compliances and generate BI/MIS reports from the Digital Data.
• Automate Standard Audit/MIS process to perform select group of functions as
required.
• Easy to use and Simple to Learn which enables users to perform various types of
audit tests on Excel data in a few clicks!
• Look & Feel of MS Excel but with power of Database which blends simplicity of MS
Excel with the power of data from Database!
• Easy-use-to-use interface with a comprehensive collection of >180 Powerful
Functions useful for Data Analytics, Business Intelligence and Fraud Investigation.
• Inbuilt data analytics approach and steps in the panels, menus and functions of
software to curate, profile, analyse, explore, investigate data based on specified
criteria.
• Makes Data Analytics Simple, Effective, Affordable with short learning curve. Most
reliable & relevant DA Software for Auditors, CXOs and Fraud Investigators.
• Perform Complex Analysis in a Few clicks with Auto Documentation.

Generic Use
case of
Auto eCAAT
Ent:
Walk-
through
of
Functions
• Auto eCAAT Ent is
an Add in Excel
which empowers
users to perform
Data Analytics and
Automate the
process of
analytics from
Excel so that this
can standardised
and repeated as
required.
• The user must get
the required data
in MS Excel and
then select and
perform any of the
selected functions.
• These functions of
Auto eCAAT Ent enable
user to Perform
Powerful Analytics
without knowing any
macros and also
ensure uniformity of
the analytics process.
• User has a quick walk-
through of the Tabs
which include:
• By Criteria
• By Trendline
• By Functions
• By Template
• Document
• Utilities

Generic Use case
of
Auto eCAAT Ent:
User has
walk-through of
the various
powerful
functions
available for
selection
By Criteria
(Menus) or
By Functions:
• Remove
• Delete
• Transform
• Convert
• Format
• Transpose
• Data
• Details
• Search
• Identify
• Changes
• Sampling
• Fuzzy Match
• Sort & Filter
• Split Sheet
• Analysis
• Trendline
• Query
• Statistics
• Relate
• Templates
• File
• Index
• Log
• Rows /
Columns
• Workbooks
• Worksheets
• Navigate
• Hide / Unhide
• Print Setup

Generic Use
Case of
Auto eCAAT
Ent:
Understand
Relevant
Functions
• The user selects the relevant functions in the “By
Criteria” Panel from the specific menu of eCAAT.
These functions are performed, in succession, in
sequence and saved as Excel workbooks.
• The user selects the relevant functions in the “By
Functions” Panel of eCAAT. These functions are
performed, in succession, in sequence and saved as
Excel workbooks.
• The user selects the relevant functions in Trendline
Menu to Perform various functions such as:
Quadrants, Percentiles, Clusters, Patterns,
Quadrant Analysis, Percentile Analysis, Cluster
Analysis, Pattern Analysis, for Numeric, for Date,
for Character, for Aging, for Outliers, for Pareto, for
ABC, for ABCD, for Classified, for List To Find, for
RSF, for MVF, for Top(X), for MIS, in succession as
specified and displays results in
workbook/worksheets.

Generic
Use Case of
Auto
eCAAT Ent:
Using
Relevant
Functions
• The user selects the relevant functions in
the Template Menu to view, create, edit,
delete, import (as per set format) list of
eCAAT functions to be performed together
as per requirements of specific template
and also perform and save default audit/
function templates.
the Document Menu to re-perform and
edit previously performed template
functions and creates duplicate of saved
template and displays the log of
performed templates.
Utilities Menu to Schedule specific list of
tasks/functions of Auto eCAAT as per
requirement.

Generic Use case of Auto eCAAT Ent: Key Benefits
The user gets practical exposure of
how Auto eCAAT Ent Software
supplements and enhances eCAAT and
enables automation of Data Analytics
process in a very simple and effective
manner.
The user selects the relevant function
using the “By Criteria” or “By Function”
and captures the parameters and then
perform all of the selected functions in
one go. These set of functions can also
be saved as template and re-used as
required.
The user discovers that it is not
necessary to depend on IT personnel
to Automate audit process but can do
it dynamically on the fly as per needs
of the assignment.
Using Auto eCAAT Ent, the user
specifically Identifies Irregularities,
Exceptions, Outliers and does further
analysis as required and reports the
relevant findings and
recommendations with the evidence,
to management.
The auto documentation feature
records date and time stamp for all the
functions performed so that it can be
used as record of work done and to re-
perform as and when required.
The user finds that Auto eCAAT Ent
Software can be used for various types
of assignments such as Assurance,
Verifying Controls and Validating
Conformances with Statutory
Regulations as required.
You can see the Complete List of Functions with Brief Description at:
https://wincaat.com/Features_AutoeCAATEnt/Functions.aspx

Specific Use case
of Accounts
Payable

Control Objectives: Accounts Payable
• i. Whether the company maintains proper records of all transactions of
accounts payable and the details are reconciled with internal and external
confirmation as required on a timely basis.
Maintenance of
Records
• ii. Whether the enterprise has comprehensive policies and procedures
covering accounts payable such as purchase policy, receipt of goods,
selection of authorised vendors, discounts, procurement, regulatory
compliances, etc. and these are effectively implemented.
Policies &
Procedures
• iv. Whether all the internal policies/regulatory compliances pertaining to
the transactions of accounts payables such as accounting, valuation,
deduction of taxes, accounting for charges, quality controls, payment on
on time are strictly adhered to and monitored.
Internal
Policy/Regulatory
Compliances

Illustrative Control Objectives Financial Assertions
• Purchase orders are placed only for approved acquisitions • Existence
• Purchase orders are accurately entered. • Valuation
• All purchase orders issued are input and processed. • Completeness
• Amounts posted to accounts payable represent goods or services received. • Existence
• Accounts payable amounts are accurately calculated and recorded. • Valuation
• All amounts for goods or services received are input and processed to AP. • Completeness
• Amounts for goods or services received are recorded in the appropriate period. • Valuation
• Accounts payable are adjusted only for valid reasons. • Completeness, Existence
• Credit notes and other adjustments are accurately calculated and recorded. • Valuation
• All valid credit notes and other adjustments related to AP are input and processed. • Completeness, Existence
• Credit notes and other adjustments are recorded in the appropriate period. • Valuation
• Disbursements are made only for goods and services received. • Existence
• Disbursements are distributed to the appropriate suppliers. • Existence
• Disbursements are accurately calculated and recorded. • Valuation
• All disbursements are recorded. • Completeness
• Disbursements are recorded in the period in which they are issued. • Valuation
• Only valid changes are made to the supplier master file. • Completeness, Existence
• All valid changes to the supplier master file are input and processed. • Completeness Existence
• Changes to the supplier master file are accurate. • Valuation
• Changes to the supplier master file are processed in a timely manner. • Completeness, Existence
• Supplier master file data remain up to date. • Completeness, Existence

Sample Areas for Review in Accounts Payable
Duplicate Payments
Duplicate Invoices
Duplicate Invoices Using Vendor’s
Numeric Invoice Values
Vendor Payments Made Over A
Weekend
Invoice Greater Than A Threshold
Purchase Order Date After The Invoice
Date
Vendor Paid By Both Purchase Order &
Sundry Expense
Invoices Greater Than Approved
Purchase Orders
Manually Released Invoice (No 3 Way
Match)
Outlier Invoices

Area: Duplicate Payments
• High volumes of payments from all areas of the business are
processed through the Finance function every day or payment
cycle. It is vital to closely and continuously monitor these
payments to detect potential fraud or errors.
Context
• A vendor is paid twice or more, often through administrative
errors or fictitious vendor invoices being submitted for payment
with details similar to an original valid invoice. This may result in
overpayment to vendors or irrecoverable financial losses.
Risk
• Identifies potential duplicate payments made to the same
vendor for the same amount within a configurable time period
(e.g. 14 days, 30 days).
Procedure
• Extracts payments within a user-specified period of days and
identifies potential duplicate payments to the same vendor
(using system vendor ID) with the same value (using document),
while excluding reversed transactions.
Analytic Logic

Area: Duplicate Invoices
• Often the same invoice is captured multiple times despite preventive
system validation and controls being in place. Administrative errors or
application control circumvention results in additional and/or changed
characters to the invoice number, causing duplicate invoice capturing
that would otherwise be undetectable.
Context
• The same vendor invoice is presented twice for payment or
fictitious/invalid vendor invoices are paid. This may result in either
overpayment or incorrect payment to vendors and often irrecoverable
financial losses from fraudulent and/or invalid invoices being paid.
Risk
• Identifies duplicate paid invoices for the same amount after stripping
out any special characters in the invoice numbers.
Procedure
• Extracts all paid invoices after removing/stripping out special characters
(e.g. ~!@#$%) from the invoice number field (which is normally a free
text field in the ERP system)
Analytic Logic

Area: Duplicate Invoices
• The same invoice is captured multiple times despite preventive system
validation and controls being in place. Administrative errors or
application control circumvention may result in additional and/or
changed characters to invoice number, causing duplicate invoice
capturing that would otherwise be undetectable.
Context
• The same vendor invoice is presented twice for payment or
fictitious/invalid vendor invoices are paid. This may result in either
overpayment or incorrect payment to vendors and often irrecoverable
financial losses from fraudulent and/or invalid invoices being paid.
Risk
• Identifies duplicate paid invoices for the same amount after stripping out
any special characters in the invoice numbers.
Procedure
• Extracts all paid invoices after removing/stripping out special characters
(e.g. ~!@#$%) from the invoice number field (which is normally a free
text field in the ERP system)
Analytic Logic

Area: Duplicate Invoices Using
Vendor’s Numeric Invoice Values
• Vendor payments, being a standard and regular organizational process,
are expected to be executed during normal business hours. Payments
over weekends may indicate fraudulent or suspicious activity and should
be reviewed for such.
Context
• Potentially invalid or fraudulent vendor transactions which may result in
overpayment to vendors or often irrecoverable financial losses.
Risk
• Identifies where the payment release date falls on a weekend. Release
dates are utilized as this is the point of authorization and are expected to
take place during normal business hours; occurrence on a weekend could
indicate unusual or unauthorized transactions.
Procedure
• Analyses all payment release dates in the system and indicates if this
date falls on a Saturday or Sunday whereby it will be listed as an
exception.
Analytic Logic

Area: Vendor Payments Made Over A Weekend
• Vendor payments, being a standard and regular organizational process,
are expected to be executed during normal business hours. Payments
over weekends may indicate fraudulent or suspicious activity and should
be reviewed for such.
Context
• Potentially invalid or fraudulent vendor transactions which may result in
overpayment to vendors or often irrecoverable financial losses.
Risk
• Identifies where the payment release date falls on a weekend. Release
dates are utilized as this is the point of authorization and are expected to
take place during normal business hours; occurrence on a weekend could
indicate unusual or unauthorized transactions.
Procedure
• Analyses all payment release dates in the system and indicates if this
date falls on a Saturday or Sunday whereby it will be listed as an
exception.
Analytic Logic

Area: Invoice Greater Than A Threshold
• All vendor invoices should be approved in terms of the correct level of
authority for the organization. Differing levels of authority are required
for purchases or invoices above certain levels; more senior people in the
organization approve higher value & materially significant transactions..
Context
• Inappropriately reviewed and authorized transactions which could be
caused by a lack of, or outdated, level of authority.
Risk
• Produces a listing of invoices paid above a configurable minimum and
maximum threshold (financial value) to determine authorization process
for testing. These transactions should be tested for accuracy, validity and
approval.
Procedure
• Extracts invoices greater than the client-configured thresholds to create a
listing for level of authority testing by audit, for example, all invoices
greater than Rs. 10,000 and up to Rs. 20,000.
Analytic Logic

Area: Purchase Order Date After The Invoice Date
• Best practice procurement procedures dictate that purchase order
approvals should precede an invoice. Any purchase orders approved after
an invoice should be reviewed and examined to understand the reasons
and if there was a control breakdown.
Context
• Ineffective procurement due to finance and procurement procedures not
being followed which may result in the payment of invalid or unapproved
purchases.
Risk
• Identifies where the invoice date precedes the purchase order approval
date.
Procedure
• Extracts invoices and related purchase orders where the invoice date is
before the purchase order approval date.
Analytic Logic

Area: Vendor Paid By Both Purchase Order &
Sundry Expense
• Vendor payments are expected to be as a result of a transaction in either
the procurement system (via purchase order) or a sundry expense. A
vendor should be processed through either process but not both. Sundry
expenses require less processing and attract less controls.
Context
• Unauthorised invoices outside the scope defined in the purchase order
could be paid because less stringent procurement controls exist for
sundry expenses. This may result in unauthorized, invalid, excessive or
potentially fraudulent payments.
Risk
• Identifies vendor invoices which are paid by both a PO and by a sundry
expense. These vendors should be reviewed to understand why they are
being paid as both a procurement & sundry expense when it is expected
all transactions should be in line with a PO for a repetitive vendor.
Procedure
• Summarizes vendors' invoices to extract the latest transactions where
vendor invoices were processed through both a sundry expense and a
purchase order.
Analytic Logic

Area: Invoices Greater Than Approved Purchase Orders
• A vendor invoice should not typically exceed the value approved in the
purchase order as the underlying procurement process has vetted the
vendor at a predetermined price.
Context
• Invoices exceeding purchase orders could be caused by unauthorised
changes to the initially agreed upon services or goods. This may result in
unauthorised spending, overspending or potentially fraudulent spending.
Risk
• Extracts all invoices exceeding the value of the related approved
purchase order from a configurable threshold/specified value and above.
.
Procedure
• Extracts and compares the value on the invoice to the total value of the
approved purchase order and identifies instances where invoice value
exceed the purchase order by the configurable threshold value, for
example invoices greater than a PO beyond specified amount.
Analytic Logic

Area: Manually Released Invoice (No 3 Way Match)
• A three-way-match is performed between a purchase order, goods
received note and invoice to ensure details are correct before making
payment to the vendor. A payment should not be automatically made
unless this match is performed and reconciliation achieved.
Context
• Fictitious, invalid or incorrect payments are caused by a user manually
releasing a payment to a vendor and not relying on the automatic
payment from a successful three-way-match.
Risk
• Identifies manually released invoices (paid and unpaid) where a three-
way-match, between the invoice, purchase order and goods received
note did not occur. .
Procedure
• Extracts all invoices and highlights transactions without correct three-
way-match which have been manually released for payment (either
before or after payment).
Analytic Logic

Area: Outlier Invoices
• An outlier is an observation point that is distant from other observations.
Transactions outside the norm with vendors are generally not expected,
but could go unnoticed if high volumes of transactions are processed.
Context
• Fictitious, invalid or incorrect payments made to vendors.
Risk
• Identifies outlier invoices by using standard deviations to determine
amounts that deviate significantly from the expected amounts posted to
a vendor. .
Procedure
• Extracts all invoice amounts greater than a configurable number of
standard deviations from the median amount for that vendor.
Analytic Logic

Specific Use Case: Accounts Payable
Sample CAAT Queries Performed
1. Calculate cash requirements by bank, period,
product, vendor, etc.
2. Calculate days in Accounts Payable and
average days for invoices to be paid
3. Check vendor address against mail address
lists
4. Compare supplier names, addresses and other
information to those of employees
5. Compare supplier price lists to EDI invoice
charges to ensure billings are in accordance
with agreements
6. Compare the master file at two dates to
identify new suppliers
7. Correlate vouchers or invoices posted versus
purchase order amounts
8. Create activity summaries for suppliers with
duplicate products
9. Create activity summaries for suppliers with
duplicate products
10. Extract invoices posted with duplicate
purchase order numbers
11. Find invoices without purchase orders
12. Identify debit balances
13. Identify invoices with missing order
numbers
14. Identify vendor unit price variances by
product over time
15. Isolate vendor unit price variances by
product
16. Match subsequent period payments against
period & balances to identify unmatched
payments
17. Reconcile check register to disbursements
by vendor invoice
18. Select and report details of various types of
accounts and compare with turnover
19. Summarize invoices by supplier to prove
individual balances
20. Test for duplicate payments/invoices76

Thank you! Questions?
sales@wincaat.com
rafeq@wincaat.com

Simplify and Automate Analytics for Enterprises

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Simplify and Automate Analytics for Enterprises

Similar to Simplify and Automate Analytics for Enterprises (20)

Recently uploaded

Recently uploaded (20)

Simplify and Automate Analytics for Enterprises