Professionals in the Audit function can often find themselves diving into large "haystacks" of data to find very small "needles". With each passing year those haystacks are getting bigger and the needles harder to find.
Read on to understand how Alteryx can streamline your audit processes; bringing accelerated, dynamic, and automated solutions, with the possibility of predictive analysis in a package that is easy to use by experts and novices alike.
Combine Alteryx with the DVW Alteryx Connector for SAP (ACS) and SAP customers have a formidable set of tools to future-proof their audit technology needs.
Answering the question “what should we do?” often requires complex, error-prone spreadsheet models or manual coding. Alteryx brings optimization and simulation capabilities directly into a drag-and-drop workflow environment that provides consistency and transparency during the modelling process. Using a range of mathematical models, support for different solvers, and built-in Monte Carlo simulation capabilities, making decisions with advanced analytics has never been easier.
Traditional advanced analytics tools require extracting data from the database, adding time and cost while limiting scalability. Alteryx in-database blending and analytics maximizes the power of Amazon Redshift, Oracle, Microsoft SQL Server, Cloudera Impala, Spark, and Teradata by applying formulae, filters, and joins, and performing advanced analytics to the data ― in place. It is the essential ingredient to scale Big Data analytics.
Integrating, blending, and applying the latest machine learning algorithms to discover patterns in data is often an iterative, labour-intensive process. Alteryx provides the necessary advanced analytics tools to perform data mining techniques or leverage existing models through integration with R and Python, or full read/write of IBM SPSS and SAS files, providing flexibility through the analytics lifecycle, from data sourcing, blending, and enrichment to visualization.
Utilizing regression models, predictive models, and other advanced analytics techniques often requires skilled data scientists. With R and Python integration, and 40+ pre-built tools and macros for data investigation, predictive modelling, grouping, and time-series analysis, Alteryx enables data analysts and data scientists alike to impact future outcomes across their organizations.
How the DVW Alteryx Connector for SAP works
The DVW ACS adds a suite of tools to Alteryx that enable data to be read from a wide range of SAP systems including:
There are even tools to write data back into those SAP systems. All tools are optimised for performance and have proven superior capability to pull huge volumes of SAP data at speed, without stressing the backend system, or your SAP Basis team!
The DVW ACS integrates seamlessly with the standard Alteryx offering to create a powerful engine to extract and transform your SAP data. Options to pull data directly from SAP tables, transaction codes (T-Codes), queries, and even printer spools, provide almost limitless possibilities to build end-to-end audit processes in a user-friendly workspace. There is even the possibility to extract SAP documents stored against business objects in SAP.
When you consider the ability to then schedule automated workflows and collaborate with other teams using the Alteryx Gallery, this truly is a game-changing technology.
How Alteryx compares to ACL (Galvanize)
ACL (Galvanize) has been a key player in audit software for some time, but many SAP customers are now moving to Alteryx, as they see the flexibility and depth of function provided as a step-change, offering a new generation of tools.
Here's our assessment of the two platforms:
Alteryx, together with the DVW ACS allows unrivalled access to your SAP audit data, provided by user-friendly tools. Tools which are simple enough for business users to self-service, but provide depth of functionality which will sate the most technical coder or data scientist. This is a step change versus the more traditional code-based approach of the ACL/Galvanize solution.
The DVW Alteryx Connector for SAP also wins out over ACL in terms of performance, integration and SAP solution coverage. A clear example of this in practise, was a large Oil and Gas corporation running SAP, who recently found that the DVW ACS reduced their audit extraction times by as much as 50%, and promptly moved their entire audit function from ACL to Alteryx.
Finally, the functionality provided by Alteryx Gallery and Alteryx Analytic Hub to wrap automation around these powerful workflows provides a huge opportunity to streamline audit processes, by removing the time-consuming extraction process from the equation, leaving your audit team to concentrate on the data analysis.
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