Intro of Key Features of SoftCAAT BI Software
- 1. Intro of Key Features of SoftCAAT BI Perform Powerful Data Analytics/BI in a few Clicks! Using Comprehensive Data Analytics Software https://www.wincaat.com
- 3. Global Leading Solution Provider in Data Analytics for Empowering Professionals to realise potential by Applying Thought to Technology. Revolutionize Assurance, Compliance and Consulting Services by Providing Powerful Tools & Techniques for Performing Data Analytics, BI and AI.
- 4. With Innovative Software Solutions, We Empower CAs & CXOs to Harness: Power of Technology to Provide Value Addition through IT-Enabled Service offerings. Subject Matter Expertise and Domain Knowledge to Provide Existing and Innovative Services. Professional Potential to Provide Value Addition as Knowledge Workers and be more Effective and Productive.
- 5. Higher use of Technology. Greater Value Addition and Serve your Clients in Shorter Time with Deploying Systems and Solutions for Scaling up Services for Empowering you to:
- 7. HOME
- 8. All-purpose standalone and independent application software to access, interrogate & analyse data from multiple formats. Designed for generating various types of MIS/BI reports dynamically on the fly by importing from source data. Designed with the Simplicity of a Spreadsheet Software and backed with Power of a Database. Simplifies BI/MIS by empowering users to generate dynamic reports in a few clicks and reduces reliance on IT personnel or external vendors. Why use SoftCAAT BI? Business Intelligence Simplified!
- 9. SoftCAAT BI: Business Intelligence Simplified An all-purpose standalone/independent application software Designed exclusively for generating various types of MIS/BI reports dynamically on the fly by importing from source data Access, analyse and interrogate data from multiple files/ formats. Designed with the Simplicity of a Spreadsheet Software and backed with Power of a Database. De-mystifies BI/MIS by empowering users to generate dynamic reports in a few clicks! Simple and cost-effective and reduces reliance on access to source data or IT personnel or external vendors.
- 11. Features of SoftCAAT BI Version
- 12. Features of SoftCAAT BI Version
- 13. INTRO
- 14. Need for Data Analytics in age of Digital Disruption Technology is driving rapid transformation in diverse and dynamic ways New Business models and information systems are rapidly implemented Software- driven information systems are key differentiator for enterprises High impact of ever-changing technology on enterprises and professionals
- 16. CAATTs help you to Access & Analyse data as per Scope & Objectives of Assignment
- 17. How to Analyse Digital Data?
- 18. In what format is Data Available for Audit? What is the KEY to access Digital Data?
- 20. When to use CAATs/Data Analytics/BI? Mathematics is exact but Statistics is approximate Data is dumb but information is intelligent Data Analysis is about leveraging human intelligence Inference requires more application of intelligence Drawing inference from data analytics is based on applying human intelligence to technology to get required results. Immense computing power helps blend the power of computers with intelligence to interpret what data is.
- 21. 21 Applying Thought To Technology What is Data Analytics/BI?
- 22. WHAT
- 23. All-purpose standalone and independent application software to access, interrogate & analyse data from multiple formats. Designed for generating various types of MIS/BI reports dynamically on the fly by importing from source data. Designed with the Simplicity of a Spreadsheet Software and backed with Power of a Database. Simplifies BI/MIS by empowering users to generate dynamic reports in a few clicks and reduces reliance on IT personnel or external vendors. What is SoftCAAT BI? Business Intelligence Simplified!
- 27. Who can use SoftCAAT? • Auditors: Financial, Compliance or IT, CXOs, Fraud/Forensics investigator…. Those who are working as: • Infer Insights from Information from any electronic format or software! Those who have to use Data Analytics to: • Enhance skills, grow in their career and be more effective. Those who would like to: • Use IT Tools and skills for accessing, analysing and auditing electronic information. Those who have to: • Supplement their Knowledge and Skills to provide value addition Those who have to: • Investigate and report on frauds in electronic information of automated environment. Those who have to:
- 29. Functional Capabilities of CAATs • Enables the reading of different record formats and file structures File access: • Enables the indexing, sorting, merging and linking with another file File reorganization: • Enables global filtration conditions and selection criteria Data selection: • Enables sampling, stratification and frequency analysis Statistical functions: • Enables arithmetic operators and functions Arithmetical functions:
- 30. Functional Capabilities of CAATs What Specific objective s that should be addressed by the analysis When Define the period of time that will be audited, and arrange with IT personnel to secure the data for that period Where Define the sources of the data to be analyzed (Accounts Payable, Payroll) Why Reason for performing the tests and analysis (general review, Audit, FI, BI or MIS) How Types of analysis planned to be carried out by the audit (be dynamic in changing your tests as required)
- 31. CAATTs/Analytics: Key features • Review large population and determine true areas of risk to Isolate “red flags” and drill down. Drill-down analysis: • Begin with entire population and filter for transactions matching specific criteria. Exception analysis: • Compare separate data files and look for disparities or matches (e.g., phantom vendors) File matching:
- 32. KEY QUESTIONS OF DATA ANALYTICS Data Analytics is all about Asking Intelligent Questions to Digital Data Using Right Tools & Techniques based on your Domain Knowledge & Skills.
- 33. What can you do with Data Analytics/BI Software? Establish Facts & Issues Explore Hunches & Ideas Draw Inferences & Insights Validate & Confirm Hindsight Report Findings & Recommendations
- 34. WHY
- 40. What type of Questions can DA Answer? 40
- 41. Why use eCAAT-BI? Comprehensive tool to evaluate 100% of the data. Empower your staff with analytical tools at affordable cost. Do more in less time by enhancing your productivity. Easy to learn and simple to use. If you know Excel, you can use eCAAT Perform analysis to draw inference and insight. Power to process complex files quickly with a few clicks & draw insights. Designed for new, inexperienced and expert CAATs users. 41
- 42. When to use CAATs/Data Analytics/BI? Mathematics is exact but Statistics is approximate Data is dumb but information is intelligent Data Analysis is about leveraging human intelligence Inference requires more application of intelligence Drawing inference from data analytics is based on applying human intelligence to technology to get required results. Immense computing power helps blend the power of computers with intelligence to interpret what data is.
- 43. Why use Data Analytics? Real Challenge of Data Analytics is not in Applying it but Applying it on Right Data after Understanding Business Processes
- 44. HOW
- 45. When to use CAATs/Data Analytics/BI? Mathematics is exact but Statistics is approximate Data is dumb but information is intelligent Data Analysis is about leveraging human intelligence Inference requires more application of intelligence Drawing inference from data analytics is based on applying human intelligence to technology to get required results. Immense computing power helps blend the power of computers with intelligence to interpret what data is.
- 46. Systematic Approach to Using CAATs Set Objectives Set Test Objectives Obtain Relevant Data Identify Tools & Techniques Perform Tests on the Data Evaluate Evidence to infer Insights Review Findings as per Business Context Report Findings and Recommendations
- 47. Approach to using Analytics Problems to Analyse Get/Process Data Analyse Results Measure Insights Apply Learnings
- 48. 48
- 49. 49 3i: Inferring Insights from Information
- 50. KEY FEATURES
- 51. Panels Brief Description of Panels in SoftCAAT BI File Home Provides options to create an auditee, audit, file and password. Provides options to import different types of files as selected for performing functions of software. Curate Curate refers to transforming data in a standard structure to be usable for data analysis as required. Curation of data ensures that data is formatted and purified for use in data analytics. Profile Data profiling refers to the act of analysing the data contents to get an overall perspective of data. This helps in validating data at a macro level and assessing whether the data is correct and complete. Analysis Analysis refers to examining the data in detail to discover essential features by breaking data into specific components by grouping, identifying and reviewing specific features. Explore Explore refers to examining the data in detail to discover essential features by breaking data into specific components by grouping, identifying and reviewing specific features. Investigate Investigate refers to observing or inquiring the data in detail. This involves systematic examination of data by making a detailed inquiry or search to discover facts and insights to be able to come to a conclusion. Document Documentation refers to recording critical steps of data analytics. The functions in this panel help document the steps used during data analytics. Relate Provides options to join, append or compare data in two tables based on specific criteria. Utilities Tools Provides unique functions which complement and enhance the use of SQL and are great time-savers. Tools refers to specific functions which aid in simplifying routine tasks performed in SQL.
- 52. Key Features
- 53. File & Home • File • Auditee • Audit • File • Password • Home • Import Data • Copy, Navigate • Columns • Tree, Find In • Find • View Details • View File In Provides options to create a auditee, audit, file and password. Provides options to Import different types of files as selected for performing functions of software.
- 54. Curate •Remove Characters •Remove Spaces •Remove 'X' Characters •Delete •Convert •Format Case Curate refers to transforming data in a standard structure to be usable for data analysis as required. Curation of data ensures that data is formatted and purified for use in data analytics. Specific functions:
- 55. Profile •Statistics •Stratify •Summarize •Totals •Classification •Data •Search Data profiling refers to the act of analysing the data contents to get an overall perspective of data. This helps in validating data at a macro level and assessing whether the data is correct and complete. Specific functions:
- 56. Analysis •Outliers By •Identify •Fuzzy Match •Sort •Filter •Split Table By Analysis refers to examining the data in detail to discover essential features by breaking data into specific components by grouping, identifying and reviewing specific features. Specific functions:
- 57. Explore •Classifier •Stratum •Analysis Explore refers to examining the data in detail to discover essential features by breaking data into specific components by grouping, identifying and reviewing specific features. Specific functions:
- 58. Investigate & Trendline • Investigate • Query • Statistics • Templates • 3D Reports • Trendline • Stratify • Classified • Classification • Analysis • Results Investigate refers to observing or inquiring the data in detail. This involves systematic examination of data by making a detailed inquiry or search to discover facts and insights to be able to come to a conclusion. Trendline: Groups items as per trendline for selected group and displays relevant trend values in columns with Sparklines or charts based on results of various types of analysis. Specific functions:
- 59. Relate •Join •3-Way Matching •Append •Consolidate •Compare •Cross Tab Provides options to join, append or compare data in two tables based on specific criteria. Specific functions:
- 60. Utilities & Tools • Utilities • Columns • Extract • Files • Analytical • Rerun • Tools • Audit Table, Audit Log • Comments, Settings Utilities refers to host of functions which provide unique functions which complement and enhance use of SQL. Tools refers to specific functions which simplify routine tasks performed in SQL. Specific functions:
- 61. FUNCTIONS
- 65. USE CASES
- 66. Use Case of SoftCAAT-BI: The Need • A Business User/CIO has the need to generate various types of MIS/BI Reports based on the data available from various formats including MS Excel. User is finding it very cumbersome to curate and consolidate the data from diverse sources and generate consolidated MIS/BI reports as per needs of the management. The ERP software used in the enterprise is not able to generate all the dynamic reports as required. • The user finds that it is taking considerable time to learn and perform various types of functions in Excel and to generate reports using SQL Queries. The data has to be sanitised first and then consolidated. The report has to be done in multiple stages and it is time- consuming. Further, these steps have to be repeated every time for every report. All the required reports cannot be generated through ERP software. • The Business User/CIO is looking for an independent BI Software which can import the data from diverse sources and has standard features for generating various types of MIS/BI reports on the fly and in a few clicks without spending too much time in using complex SQL Queries or Macros in MS Excel.
- 67. Use case of SoftCAAT-BI: Walk-through of Functions • SoftCAAT-BI (Business Intelligence) is an Independent Data Analytics/BI Software which has exclusively designed to dynamically generate various types of reports in few clicks. The user must import the data from any of the multiple formats and then select and perform any of the more than 175 Functions. • These functions enable to user to generate MIS/BI reports in a few clicks. • User has a quick walk-through of the Tabs which include: • File /Home • Curate • Profile / Analysis /Explore • Investigate / Relate / Trendline • Utilities / Tools
- 68. Use case of SoftCAAT-BI: User has walk-through of the various powerful functions available in Panels of: • Import Data • Navigate • Find • View Details • Remove Characters/Remove Spaces • Format Case • Statistics • Stratify • Summarize • Totals • Classification • Data • Search • Outliers By • Identify • Fuzzy Match • Sort • Filter • Split Table By • Classifier • Stratum • Analysis • Investigate • Query • Templates • 3D Reports • Analysis • Results • Extract • Analytical • Rerun • Audit Log • …….
- 69. Use Case of SoftCAAT-BI: Understand Relevant Functions • The user selects the relevant functions in the Curate panel to transform data in a standard structure to be usable for data analysis as required. The various functions of curate enable user to format and purify the data so that it is easy to perform analysis of data as required. • The user selects the relevant functions in Profile Panel to analyse the data to get an overall perspective of data. This enables the user to validate data at a macro level and in assessing whether the data is correct and complete. • The user selects the relevant functions in Analyse panel to examine the data in detail to discover essential features by breaking data into specific components by grouping, identifying and reviewing specific features.
- 70. Use Case of SoftCAAT-BI: Understand Relevant Functions • The user selects the relevant functions in the Investigate panel which empower the user to observe or inquire the data in detail with systematic examination by making a detailed inquiry or search to discover facts and insights and to infer insights. • The user selects the relevant functions in the relate tab which provides options to join, append or compare data in two tables based on specific criteria. • The user selects the relevant functions in the Documentation Panel to record critical steps of data analytics. The functions in this panel help document the steps used during data analytics. • The user selects the relevant functions in Utilities and Tools Panel to perform unique functions which complement, enhance and simplify routine tasks performed in Excel and Save Time.
- 71. Use case of SoftCAAT-BI: Key Benefits The user gets the source data from multiple formats and imports it into SoftCAAT-BI and generates various types of MIS/Business Intelligence reports using the powerful functions of software in a few clicks! The user identifies patterns, irregularities, exceptions, outliers and verifies conformances and validates compliances as required. The easy-use-to-use interface provides quick access to the comprehensive collection of DA/MIS/BI functions. The user finds that the software has look and feel of Excel and power of database which makes Data Analytics Simple, Effective and Accessible to all users. The software de-mystifies BI/MIS by empowering users to generate various types of reports in a few clicks! The software is simple to easy, cost-effective and reduces reliance on access to source data or IT personnel or external vendors. You can see the Complete List of Functions with Brief Description at: https://wincaat.com/Features_SoftCAAT_BI/Functions.aspx
- 72. All-purpose standalone and independent application software to access, interrogate & analyse data from multiple formats. Designed for generating various types of MIS/BI reports dynamically on the fly by importing from source data. Designed with the Simplicity of a Spreadsheet Software and backed with Power of a Database. Simplifies BI/MIS by empowering users to generate dynamic reports in a few clicks and reduces reliance on IT personnel or external vendors. Why use SoftCAAT BI? Business Intelligence Simplified!