Features of Ideagen's ActiveData for Excel
ActiveData for Excel adds over 100 advanced data analysis and worksheet management features to Microsoft Excel, transforming it into a powerful audit analytics platform.
Audit data analytics for internal audit and risk management
Advanced data analysis capabilities within Microsoft Excel, purpose-built for audit professionals.
Computer Assisted Audit Techniques (CAATs) built for auditors
Modern auditors need powerful analytics that work within familiar tools. Ideagen has partnered with InformationActive to bring ActiveData for Excel to our customers. This partnership enables audit teams to access professional-grade Computer Assisted Audit Techniques (CAATs) directly within Microsoft Excel, without leaving their workflow.
Why auditors choose ActiveData for Excel
Discover how our tool is transforming the work of audit and accounting professionals by delivering powerful features directly within a familiar environment.
Familiar environment
Works directly within Microsoft Excel, eliminating the learning curve of new software platforms
Cost-effective
Outfit entire audit teams for less than the cost of a single ACL or IDEA license
Immediate productivity
Over 100 features accessible from the Excel ribbon, designed specifically for audit and accounting professionals
Complement existing tools
Works alongside other audit tools and systems, or as a standalone solution
Rapid time to value, proven results
Globally trusted by audit professionals, fraud examiners, and accounting teams, our solution rapidly delivers value. It offers seamless integration with Excel files within Ideagen Internal Audit & Risk Management, and its familiar interface minimizes the need for extensive training. Users can immediately leverage pre-built audit techniques and functions, generating instant productivity gains across all audit engagements.
50%
faster audit cycles
70%
faster routine audit testing
100%
transaction coverage capability
Cost-effective alternative to traditional audit analytics tools
Seamless workflow integration
Ideagen users can access ActiveData for Excel when they save and open Microsoft Excel files from within the Ideagen Internal Audit and Risk Management solution. No complex technical integration required - simply work with Excel files as you normally would, and ActiveData's powerful features are available on the Excel ribbon.
Perfect for audit teams that:
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Need to perform sophisticated data analysis on audit engagements
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Want Computer Assisted Audit Techniques (CAATs) at a fraction of traditional tool costs
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Prefer working within the familiar Excel environment
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Are limited by standard Excel capabilities and need more analytical power
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Want to outfit entire audit teams affordably
Data analysis and manipulation
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Join, merge, match and query data across multiple sources
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Summarize, categorize and aggregate transaction data
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Combine, split, splice and transform data structures
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Handle large datasets beyond standard Excel limitations
Data quality and integrity
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Locate duplicate and missing items across datasets
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Identify data quality issues and anomalies
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Verify completeness of transaction populations
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Validate data integrity across systems
Computer Assisted Audit Techniques (CAATs)
CAATs, or Computer-Assisted Audit Tools and Techniques, are software tools and methods used by auditors to analyze large volumes of electronic data efficiently and effectively. They enable auditors to perform tasks such as:
Stratification
Organize data into meaningful ranges for analysis
Statistical sampling
Random, stratified and monetary unit (PPS) sampling methods
Duplicate detection
Identify duplicate transactions, payments or records
Cross tabulation
Multi-dimensional data analysis
Aging analysis
Analyze time-based patterns in transactions
Benford's Law analysis
Digital analysis for fraud detection
Gap detection
Find missing items in sequential data (invoices, checks, etc.)
Ready to transform your audit analytics capabilities?
Contact your Ideagen account manager to learn how ActiveData for Excel can enhance your audit team's efficiency and analytical capabilities.