Besides powerful features, it also helps users when to execute analytics, which make TeamMate Analytics as a suitable solution for internal and external auditors, fraud examiners, accountants, and finance managers. Also, it supports advanced analytics with its easy-to-use tools.
Users don’t need to identify duplicate transactions as well. What sets this software apart from the others is its user-friendly interface. Since the solution is based on Excel, it is a comprehensive data analytics bundle equipped audit analytics functionalities. Every input is validated with simple and easy-to-understand code, for example, red, green and orange, which you can interpret easily and quickly. I did not find any disadvantages when using IDEA software. If not done correctly this could be costly and even more time consuming.
ACL’s disadvantage is that it is a complex installation because it has to coordinate data between departments in a company. You don’t need to familiarize yourself with scripting because TeamMate Analytics has tools that will guide you through the needed data that you have to enter. With any product there are disadvantages that come with the benefits. TeamMate Analytics uses familiar and user-friendly technology to make this possible. This capability lets them focus their time on core responsibilities rather than bothering themselves about their IT tasks. Created as a powerful solution, the software saves users from needing to connect to databases and write scripts. TeamMate Analytics makes it much easier for auditors to do analytics alongside typical audits.
The main benefits of TeamMate Analytics are its user-friendly interface, scripting guides and codes, and advanced analytics support.