2008-11-19 01:59:01 -
In challenging economic times, businesses and governments need a proven way to reduce expenses, improve productivity and stop fraud. Today the leading provider of audit analytic software, ACL Services, announced a new Find Money Fast solution that promises customers quick results.
Auditors at over 10,000 organizations around the world such as insurance companies, banks, hospitals, governments, and utility
companies rely on ACL to detect millions of dollars in fraud, waste and abuse. The Find Money Fast solution combines ACL AuditExchange technology, a set of proven analytic tests for revenue recovery, and professional implementation services for the fastest results possible.
"We are so confident that this new package of analytics will deliver rapid ROI that we are offering a satisfaction guarantee," says Harald Will, ACL president and CEO. "Operational risk profiles change in tough economic times. For example, issues with suppliers attempting to stretch credit, employee T&E fraud, or late customer payments impact a company"s cash flow and bottom line. Organizations can address these issues and find money using proven analytic solutions."
Dave Richards, president of The Institute of Internal Auditors (The IIA), has released a statement responding to the global financial crisis with important information for executive management, board of directors, and audit committees. Richards says: "I challenge every CEO and board chairman to own risk management and to hold themselves responsible for ensuring that any risk of greed and fraud within their organizations are effectively managed. And I challenge them to empower their internal auditors and to listen to their concerns, to consider their recommendations, and to address their warnings."
"Throughout my career I have used ACL technology and know that their analytics find revenue leakage, fraud and operational inefficiencies," says Tom Boyle, director of internal audit at Palomar Pomerado Health and current member of the board of directors of the Association of Healthcare Internal Auditors. "In my current position, we use ACL to test everything from vendor payment records to employee overtime reports with dramatic results."
The ACL AuditExchange managed analytics platform allows organizations to perform repetitive and continuous analysis of financial data at the transactional level. The packaged analytics will test and flag exceptions and high-risk transactions for: duplicate payments; accounts payable & vendor discounts; employee conflict of interest; travel and entertainment expenses; corporate credit cards; and customer credit and accounts receivable.
For more information on how ACL customers are using audit analytic technology, please go to:
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About ACL Services Ltd.
ACL Services Ltd. is the leading global provider of technology for audit and compliance professionals. Combining market-leading audit analytics software and professional services expertise, ACL solutions give auditors confidence in the effectiveness of internal controls and the integrity of the transactions underlying business operations.
Since 1987, ACL has enabled auditors to assure sustainable compliance, reduce risk, detect fraud, enhance profitability, and improve business performance. ACL delivers its solutions to more than 215,000 licensed users in over 150 countries through a global network of ACL offices and channel partners. Our customers include 95 percent of Fortune 100 companies, 85 percent of the Fortune 500 and over two-thirds of the Global 500, as well as hundreds of national, state, and local governments, and the Big Four public accounting firms.
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© 2008 ACL Services Ltd. ACL and the ACL logo are trademarks or registered trademarks of ACL Services Ltd. All other trademarks are the property of their respective owners.
ACL Services Ltd.
Beth Hardy, Manager Corporate Marketing, +1-604-974-1425
mailto:beth_hardy@acl.com
