Auditors today are constantly challenged to reduce the time spent testing while adding more value to their organization and their clients. One way to accomplish this is by taking advantage of access to available data to identify unusual patterns and anomalies that provide focus to testing strategies. Various tools available in the market are designed to help you extract and analyze data to assist in reporting potentially inefficient and ineffective processes, including fraud, waste, and abuse of corporate resources. Often the use of these tools requires specialized training and is limited to a handful of people within an audit department.
TeamMate Analytics is a collection of more than 150 tools, specifically for use by auditors and accountants. It is designed to support audit and control functions across all aspects of an organization and to put powerful data analysis tools in the hands of your entire department.
It runs on top of Excel, which most auditors use every day, and has been designed with ease of use at its core. Unlike other CAATs software, TeamMate Analytics provides auditors of all IT skill levels with access to powerful data analysis tools, without needing weeks of training or a background in IT.
TeamMate Analytics is used by internal auditors, fraud examiners, finance managers, and accountants. Our users range from audit departments of one auditor to those with more than 100, and from sole practitioner CPAs to Big 4 accounting firms in more than 70 countries worldwide.
The tools included within TeamMate Analytics range from day to day Excel productivity tools to powerful analytical tools such as gap and duplicate detection, Benford’s testing, Monetary Unit Sampling and stratification. Also included are TeamMate Analytics’ unique Section Modules, which allow you to quickly and easily perform a multitude of tests on various accounting areas, such as payables, receivables, inventory, journals and non-current assets.
Once installed, TeamMate Analytics is there to help you every time you open Excel. All you will see is a new tab added to the Ribbon bar, which gives you access to all of the TeamMate Analytics tools.