1. What is eCAAT?
eCAAT is an affordable Data Analytics software which is powerful but simple to learn and easy to use. The key features are:
• An add-in to MS Excel.
• Facilitates use of CAATs (Computer Assisted Audit Techniques) on digital data.
• Audit software designed with more 150+ functions which enhance audit productivity & efficiency.
• Help auditors to provide better assurance and add value to their clients.
• Familiar interface of MS Excel but the power of database.
• Powerful audit features of a General Audit software but it comes at an affordable price.
• It is packed with the powerful audit features of General Audit Software.
2. Why should I choose eCAAT over other CAAT and data analytics software?
Many audit firms and internal audit departments do not use audit software or are unable to use it to its full potential primarily due to lack of awareness and cost considerations. Most of the standalone Generalised Audit Software (GAS) is not only expensive but also requires a steep learning curve. Thus using GAS involves extensive and expensive training which is time consuming and ineffective. eCAAT provides affordable, easy to use, and simple to understand but powerful assurance and data analytics software.
Compared to General Audit Software, eCAAT plugs in as an add-in to the commonly used Microsoft Excel which is used by most auditors and finance professionals. This creates a familiar user interface which the user is already well-versed and knowledgeable. eCAAT can be easily installed within a matter of seconds and be put to use right after.
3. When can eCAAT be used?
eCAAT can be used for reviewing any file that can be opened in MS Excel, provided the file is formatted as a table with first row as header and each of the columns have unique name for the header. (Please refer to eCAAT’s guidelines document for more details)
4. Where is eCAAT useful?
eCAAT can be applied for any type of data analysis and for reviewing any files whether it is sales register, purchase register, day book, cash book, journal, Balance sheet, Profit & loss a/c, Inventory, payroll, accounts payable, accounts receivable, etc.
5. Which eCAAT function will be most useful to me?
eCAAT software is designed to cater to the requirements of multiple users. There are more than 300+ functions. Each function has its own specific objective. Hence, what function is useful depends on the specific requirements of the assignment.
6. How can I use eCAAT in my profession?
eCAAT has been designed to be used by Auditors, CXOs and Forensic/Fraud Investigators. Users can identify specific data of their interest and export this to Excel format. This file can then be opened in Excel and analysed using eCAAT as required.
There is no need to know how to use macros or time consuming data analysis software. eCAAT brings this power through simple select and click functions. The data analysis done through eCAAT can be further enhanced with the graphical capabilities of MS Excel, which means that eCAAT can be seamlessly integrated into your daily work.