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Accountants and auditors - recommendations for analytical software for small firm?
Posted on 10/30/17 at 10:22 am
Posted on 10/30/17 at 10:22 am
I have been tasked with researching some analytical software to assist our firm and was wondering if anyone had recommendations? Would be used for external audit and compliance work.
7
Posted on 10/30/17 at 10:25 am to JumpingTheShark
Prosystem fx engagement
Posted on 10/30/17 at 10:40 am to SoFunnyItsNot
We use that for our audits but do they have analytical add ons for something?
Posted on 10/30/17 at 10:58 am to JumpingTheShark
What type of analytic work are you looking to complete?
We use IDEA. It is set up in a similar fashion as Microsoft Office. Learning curve is not near as steep as Audit Command Language (ACL).
We use IDEA. It is set up in a similar fashion as Microsoft Office. Learning curve is not near as steep as Audit Command Language (ACL).
Posted on 10/30/17 at 10:59 am to JumpingTheShark
ACL
It should cost you anywhere between 2-5k per license depending on what you need.
It should cost you anywhere between 2-5k per license depending on what you need.
Posted on 10/30/17 at 11:01 am to schexyoung
IDEA Vs ACL.... Round 1... Fight
Posted on 10/30/17 at 11:14 am to JumpingTheShark
microsoft power bi. its cheap as shite
Posted on 10/30/17 at 1:07 pm to JumpingTheShark
Not sure if IDEA or ACL are suitable for smaller size firms. The licenses are extremely expensive.
IDEA is by far the best data analysis software in my opinion. I have experience with IDEA, ACL and ActiveData.
ActiveData is most suitable for smaller size firms as it is much cheaper. It comes as an add-on to Excel. It can do most of the data analysis IDEA can do.
IDEA is by far the best data analysis software in my opinion. I have experience with IDEA, ACL and ActiveData.
ActiveData is most suitable for smaller size firms as it is much cheaper. It comes as an add-on to Excel. It can do most of the data analysis IDEA can do.
Posted on 10/30/17 at 8:24 pm to AmeriKop45
Agreed, I've been at firms that use both IDEA and Active data.
IDEA can do a lot more than active data can, but 90% of the time you will just be using basic functions for analysis which can be done with either.
IDEA can do a lot more than active data can, but 90% of the time you will just be using basic functions for analysis which can be done with either.
Posted on 10/30/17 at 8:46 pm to JumpingTheShark
I don't know what your needs and/or budget are, but I really like Alteryx. Quite frankly, I don't even really know how much it costs. I have fair knowledge and skills with ACL and IDEA and Alteryx is much better IMO.
Posted on 10/30/17 at 10:22 pm to JumpingTheShark
I'll have to ask our A&A group what they use if anything... I feel like all I see them using is excel templates from PPC =)
Posted on 10/31/17 at 9:17 am to Jobo
quote:
IDEA can do a lot more than active data can, but 90% of the time you will just be using basic functions for analysis which can be done with either.
Couldn't agree more. Although, you really miss IDEA if you don't have it for those remaining 10% of the time.
quote:
I feel like all I see them using is excel templates from PPC =)
This post was edited on 10/31/17 at 9:17 am
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