ACL Analytics OverviewUNIXBusinessApplication

ACL Analytics is the #5 ranked solution in top GRC tools. PeerSpot users give ACL Analytics an average rating of 9.0 out of 10. ACL Analytics is most commonly compared to Galvanize HighBond: ACL Analytics vs Galvanize HighBond. ACL Analytics is popular among the large enterprise segment, accounting for 69% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a government, accounting for 16% of all views.
Buyer's Guide

Download the GRC Buyer's Guide including reviews and more. Updated: November 2022

What is ACL Analytics?
ACL Analytics connects you to any data source, and lets you run sophisticated risk analytics and detect anomalies or patterns that you simply can't illuminate with any amount of random sampling, spreadsheet ninjutsu or generic business intelligence. It's designed for you, the GRC professional.
ACL Analytics Customers
Essar Group, Dean Foods, Lafarge North America, Austrian Ministry of Finance
ACL Analytics Video

Archived ACL Analytics Reviews (more than two years old)

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Vendor
It is very flexible and has hundreds of functions

How has it helped my organization?

Automated audit revision with scripts.

What is most valuable?

  • Programming by scripts.
  • It is very flexible and has hundreds of functions.

What needs improvement?

Reporting and presentation of information directly to solutions, such as PowerPoint.

For how long have I used the solution?

Three to five years.
Buyer's Guide
GRC
November 2022
Find out what your peers are saying about Galvanize, SAS, RSA and others in GRC. Updated: November 2022.
656,474 professionals have used our research since 2012.

What do I think about the stability of the solution?

No, we have not.

What do I think about the scalability of the solution?

No, we have not.

Which solution did I use previously and why did I switch?

No, we have not.

How was the initial setup?

Initial setup is straightforward. I use only the desktop software and have no connection to OCDB or others.

What's my experience with pricing, setup cost, and licensing?

No comment.

Which other solutions did I evaluate?

No.

What other advice do I have?

Look for a good consultant who knows the product.

Disclosure: I am a real user, and this review is based on my own experience and opinions.
PeerSpot user
PeerSpot user
Managing Member at Christina M. Durta, CPA, LLC
Vendor
It is very helpful in recovering overpayments and accounts payable monitoring.

What is most valuable?

The ability to rapidly test 100% of data without having to worry about altering or corrupting the original data. Can easily find errors and duplicates, as well as perform calculations. Data from multiple sources can be joined. Numbers, characters, and text can be analyzed and even extracted from PDF files.

How has it helped my organization?

It is very helpful in recovering overpayments and accounts payable monitoring. For example, duplicate payments, missed discounts, price discrepancies, and credit memos not taken are found very quickly. It is also helpful in finding gaps in check sequences, unauthorized vendors, and even dollar payments which might indicate fraud.

What needs improvement?

The live training costs are too expensive. There are free self learning tutorials included with the product, but it would be nice to go to a class with an instructor.

What was my experience with deployment of the solution?

Deploying the product was very easy. After I signed the contract, I was given login information and after a short download, I was up and running.

What do I think about the stability of the solution?

No issues encountered.

What do I think about the scalability of the solution?

No issues encountered.

How are customer service and technical support?

Customer Service:

They're very good.

Technical Support:

They're very good.

Which solution did I use previously and why did I switch?

I have previously used Microsoft Office programs such as Excel and Access. ACL can handle larger data sets. It also offers more flexible testing since the user is able to write their own testing scripts. It is a more intuitive interface and is easier to use functions.

How was the initial setup?

Just a simple download and an Excel add-in bonus was given.

What about the implementation team?

I just did everything myself.

What was our ROI?

The product pays for itself very quickly. In just one job, you can recoup the cost. It would be higher had I paid for the training though.They have changed their pricing model. Now it's an annual fee instead of a one time purchase.

What's my experience with pricing, setup cost, and licensing?

They have changed their pricing model. Now it's an annual fee instead of a one time purchase.

Which other solutions did I evaluate?

I looked at TopCAATs (Wolters Kluwer) and IDEA. It seems that ACL is the most prominently used product in the industry, and that is the main reason I went with it.

What other advice do I have?

I think it is great, but requires some devotion to learning. It is an audit product with some data visualization capabilities. It is meant to do data cleansing and finding errors, which makes is much more comprehensive than BI products like Tableau. A CAAT product combined with Tableau if a frequent combination.

Disclosure: I am a real user, and this review is based on my own experience and opinions.
PeerSpot user