Finally, Reports Manager helps automate visualisations and reports and present them graphically.
Overall, ACL™’s audit management solution closes a gap and makes it possible to embed data analytics tools in a complete, fully integrated risk management solution.
One particularly attractive feature for us is that ACL™ is also open to other suppliers of analytics software. In the Results Manager module, for example, you can use drag&drop to incorporate results from data analyses which have not been produced using ACL™ but which are available in Excel format or as a CSV file. Specifically, this means that you can combine almost all analytics tools with ACL™’s audit management solution, and also use ACL™ GRC independently of all other ACL™ tools.
So much for the solution's individual components – let’s now move on to our own personal evaluation.
At dab: GmbH we specialise in data analytics, especially transaction data from SAP® systems. We are therefore especially pleased that integrating data analytics also forms a key part of the ACL™ GRC solution – because we believe this is the only way to ensure modern risk management.
When the solution was first presented to us around two years ago we had some concerns, notably as regards the cloud functionality. We weren't sure if a cloud solution would be accepted. However, much has happened over the last two years. Cloud solutions are now firmly established on the market, as demonstrated by, for example SAP®, Microsoft™ or Adobe®. The fact that the data for ACL™ GRC are hosted in Germany and that German law thus applies confirms the seriousness of the ACL™ approach. The cost factor is also a key reason for considering the ACL™ solution more closely. It requires virtually no installation or update work (where internal activity allocation takes up a major part of the software budget), making the TCO (total cost of ownership) attractive compared with on-premise solutions.
We are curious about which direction ACL™'s audit management solution will take. We believe it will increase ACL™'s presence and extend its prominence beyond “traditional data analytics”.
You can find initial information on ACL™ GRC on our website. Please contact us for further details.