When you have to be right

TeamMate Analytics

Data Analysis for Auditors

Key Benefits • Perform work that could not be accomplished

any other way, enabling you to expand the value you can provide.

• Save time, often 20 hours per user each month, by enabling your auditors to work more efficiently and effectively.

• Provide deeper insight into underlying records, uncover items of interest, and add value to the work you’re already doing.

• Reduce the risk of missing material misstatements, as well as the opportunity for your team to make mistakes.

What is TeamMate Analytics?TeamMate Analytics is a suite of more than 150 Computer Aided Audit Tools (or CAATs) that allows auditors to easily perform powerful data analysis to deliver significant value for their team, their internal or external clients and their organization as a whole.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.

Who’s using TeamMate AnalyticsMore than 60,000 auditors in over 70 countries around the world use TeamMate Analytics to conduct their work more efficiently and effectively.

Internal Auditors• TeamMate Analytics is used by Internal

Audit teams at small companies as well as well-known Fortune Global 500 companies, with teams ranging from 1 up to 100+ auditors.

External Auditors• TeamMate Analytics is being used in

audit practices of all sizes, from sole practitioner CPAs right up to Big 4 global accounting firms.

Government Auditors• Government auditors across the world

at both local and state level use TeamMate Analytics, as well as global intergovernmental organizations.

Fraud Examiners• Professional fraud examiners use

TeamMate Analytics to provide forensic investigation services to their clients.

Education• Universities and other education

providers use TeamMate Analytics both for their own internal audits and to train the next generation of accountants how to use Computer Aided Audit Tools.

TeamMate Analytics ToolbarThis includes a variety of tools designed to make your life easier whenever you’re working in Excel. The toolbar includes tools for cleansing and manipulating data to get it ready for data analysis including fixing numeric, date and text fields. There are tools for presenting your work easily and effectively including applying formatting and inserting headers and a sheet index. Other time saving tools include Global Find and Replace and Extract Visible Cells.

Pre-Defined Section ModulesTeamMate Analytics includes 8 unique Section Modules, which are each focused on different areas that internal auditors are requested to test but often lack the expertise such as payables, receivables, inventory, non-current assets, journals and expenses. Each Section Module includes up to 26 different tests that can be run on a single report, all in one go, performing a huge amount of data analysis and focusing the user on just the transactions that may be of interest.

Custom Section ModulesScripting without learning a different language. In most data analytic tools if you want to create and provide users tests, it takes a data analytics expert to create and distribute scripts using an application specific scripting language. TeamMate Analytics allows you to accomplish the same goal of providing predefined analytic tests to your users, without learning an application specific scripting language or code.

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Sampling In many cases, TeamMate Analytics allows you to test 100% of a population, and therefore eliminate sampling and sampling risk altogether. However, when sampling is unavoidable, you can use TeamMate Analytics to select robust samples using Monetary Unit Sampling (MUS), Random Sampling, Stratified Sampling, Cluster Sampling or Systematic Sampling. You can also use the MUS tool to statistically extrapolate errors in the sample over the entire population.

Data Analytics ToolsTeamMate Analytics includes a whole host of standalone data analytics tools. All the ones you might expect from a fully-featured data analytics tool, including Join 2 Sheets, Append Sheets, Ledger Split, Exception Report, Column Statistics, Gaps, Benford’s Testing, Advanced Summary and Aging. There are also other tools included that are not available in other data analytics tools, or would require you to write custom scripts, such as Out of Mask, Highlight Changes, Sequential Invoices, Specific Comments, Analytical Review, Number Checker, Lead Scheduler, Outliers, Top and Bottom. There’s a tool included in TeamMate Analytics for virtually every data analytics task that you would wish to perform.

Quick VisualizerThis time-saving tool allows easy and flexible automated visualization of data, column by column and creates simple, visually appealing charts that can be customized in Excel. 

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When you have to be right

Reasons why TeamMate Analytics is different1. The familiar Excel environmentTeamMate Analytics runs on top of Excel, an interface with which every auditor is already familiar. There’s no need to learn new ways to accomplish things that you’ve been doing for years.

2. Built with ease of use at its coreFrom the ground-up, TeamMate Analytics has been designed to be as easy to use as possible. It includes unique and intuitive color coding and validation so users can perform analysis without having to consult manuals.

3. Short learning curveThe training requirements are considerably lower than for other data analysis tools. This means lower training costs, and quicker implementation, so you can start seeing benefits right away.

4. 150+ powerful data analysis toolsAll the tools that you would expect from a Data Analytics package are included plus many others that might require users to write custom scripts in other standalone data analysis packages.

5. Save time every time you use ExcelBecause TeamMate Analytics is always there, available every time you are in Excel, it gets used constantly. With the average audit test population of 30,000 rows of data why leave Excel? It also includes the TeamMate Analytics toolbar, which contains various tools to improve Excel productivity.

6. Revolutionary Section ModulesTeamMate Analytics’ 8 Section Modules allow you to perform up to 26 different standardized but configurable tests on a single report incredibly quickly, highlighting anomalies that might be of interest.

7. Designed by Auditors for AuditorsTeamMate Analytics has been developed by auditors. It’s not focused on only the techies or IT specialists - it is a tool that will help every auditor in your team deliver benefits to your organization day in, day out.

8. Return on investmentBecause of all of these factors, TeamMate Analytics delivers significant and fast return on investment through time savings, reduced fraud and error, cash recovery, and better risk management. Our users tell us that TeamMate Analytics pays for itself many times over with the value it delivers.

Please visit TeamMateSolutions.com/AM for more information.

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www.SamaAudit.com+91-22-26743675 | info@samaaudit.com