While it’s easy to understand the value in being able to quickly pull reports from various data sources and give visibility to KPI and risk management health, it’s more difficult to quantify these benefits in monetary terms and prove the expected ROI.
This is why ACL commissioned Forrester to conduct a Total Economic Impact™ (TEI) study, as we wanted an objective third-party to take a deep dive into how technology has impacted a real audit department. The report also provides a framework for audit teams to evaluate their own potential financial impact of using software to improve transparency in audit processes.
Some of the findings:
- 400% return on investment
- 30% in number of audits achieved
- 50% reduction in time to complete audits
- ability to relocate staff to under-resourced areas
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