The client’s accounts payable function is managed via their Finance application, DEMA. Due to data quality issues a risk of duplicate payments was identified. We were commissioned to develop ACL scripts to help mitigate this risk.

1. FTSE 100 construction company Duplicate Payments Analysis - ACL Data Analytics March 2011

2. About DataConsulting Business Overview Scope Output Results Agenda

3. About DataConsulting DataConsulting set up in 2007 to provide data analysis services to audit teams and finance departments Partners are ex-Deloitte and PwC; employ accountants, auditors and developers Deep technical expertise in CAATs, continuous auditing, business modelling, spreadsheet assurance and tactical solutions Wide client base

4. Business Overview The client’s accounts payable function is managed via their Finance application, DEMA. Due to data quality issues a risk of duplicate payments was identified We were commissioned to develop ACL scripts to help mitigate this risk Scripts will be executed twice before payment runs Potential matches will be reviewed by back office staff prior to payment being released

5. Scope Develop automated scripts that: Import and merge Purchase and Subcontract Ledgers extracts Apply a ”fuzzy logic” match on the invoice date, reference number and amount Build in intelligence to filter false positives and to provide additional information into each match Provide evidence of testing including test data and test scripts Manage handover knowledge and CAATs

6. Output

7. Results This solution was successfully implemented and has now become an effective monitoring control in the client's payment process Scripts executed twice a day preventing duplicate payments

8. Questions?

9. Alex Psarras alex.psarras@dataconsulting.co.uk 07585 967 438 DataConsulting Ltd 5 Appleton Court Calder Park Wakefield WF2 7AR Tel 01924 254 101 www.dataconsulting.co.uk Copyright DataConsulting Ltd 2011. All rights reserved.