Intro of Key Features of SoftCAAT Pro software

Intro of Key Features of SoftCAAT
Pro Version
Perform Powerful Data Analytics in a few Clicks!
Using Comprehensive Data Analytics Software
https://www.wincaat.com

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.

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.

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:

All-purpose
standalone and
independent
Application SW.
Makes Data
Analytics Simple,
Effective,
Affordable &
Powerful.
Designed with
Assurance, Control
and Conformance
perspective to
access, analyse
and interrogate
data for CA Firms.
Designed with
Simplicity of
Spreadsheet
Software and
backed with Power
of a Database with
inbuilt Audit
Approach & Steps.
Perform various
types of audit tests
on any structured
data in one go in a
few clicks with
minimal learning
curve to save time!
Why use SoftCAAT Pro?
Data Analytics Simplified
for CA Firms!

SoftCAAT Pro: Data Analytics Simplified
for CA Firms
1. An all-purpose standalone/independent application software which makes Data
Analytics Simple, Effective, Affordable and powerful with short learning curve.
2. Designed exclusively with Assurance, Control and Conformance perspective
3. Identify irregularities, exceptions, outliers and verify conformances/compliances
in digital data.
4. Access, analyse and interrogate data from multiple files/ formats.
5. Designed with the Simplicity of a Spreadsheet Software and backed with Power
of a Database.
6. Maintains auto documentation of functions performed with date and time stamp
to re-perform as and when required and for future reference of audit process
trail.
7. Enables users to perform various types of audit tests on any structured data in
one go in a few clicks!
8. Inbuilt data analytics approach and steps in the panels, menus and functions of
software.

Comparison of SoftCAAT
Ent & Pro Versions

Manual Approach to
auditing Digital Data
The
Manual Approach,
Of Performing
Audit Tasks on
Digital Data is
Tedious and
Cumbersome!

In what
format is
Data
Available
for Audit?
What is the
KEY to access
Digital Data?

Data is
available
in digital
format
17

The Future will be exponentially Digital.
Chartered Accountants can
Future-proof their career
with Knowledge and skills of Data Analytics
to enhance value from their core competencies.
We have a host of solutions with inbuilt knowledge-base in the
field of Data Analytics to prepare you for this Digital Age.
Future is Digital and the need is Data Analytics

We have Invested time and resources to Creating Suite of Solutions
with required Knowledge-base.
We empower you with Online Courses to Explore and Exploit the Digital
Data with relevant Tools and Technologies!

All-purpose
standalone and
independent
Application SW.
Makes Data
Analytics Simple,
Effective,
Affordable &
Powerful.
Designed with
Assurance, Control
and Conformance
perspective to
access, analyse
and interrogate
data for CA Firms.
Designed with
Simplicity of
Spreadsheet
Software and
backed with Power
of a Database with
inbuilt Audit
Approach & Steps.
Perform various
types of audit tests
on any structured
data in one go in a
few clicks with
minimal learning
curve to save time!
What is SoftCAAT Pro?
Data Analytics Simplified
for CA Firms!

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:

When can you do with Data Analytics?

What Type of Questions can Analytics Answer?

What can you do with Data Analytics/BI Software?
Establish Facts & Issues
Explore Hunches & Ideas
Draw Inferences & Insights
Validate & Confirm Hindsight
Report Findings & Recommendations

Why use Data Analytics?
Real Challenge of
Data Analytics
is not in
Applying it
but Applying it on
Right Data
after
Understanding
Business Processes

Why use SoftCAAT Pro?
Comprehensive tool
to audit 100% of
the data.
Empower your
audit staff at
affordable cost.
Do more in less
time by enhancing
your productivity.
Easy to learn and
simple to use.
Perform analysis to
draw inference and
insight.
Power to process
complex files
quickly with a few
clicks.
Designed for new,
inexperienced and
expert CAATs users.
Integrated as a tab
in MS Excel but
with innate power
of database.
Grow professionally
empowered by
Technology.

Need for Data Analytics in Audit

Do MORE in less Time!
40
Data Analytics
Empowers
Professionals of
Accounting,
Assurance,
Compliance,
BI, Fraud
Investigators to:

Seven Step Approach for Data Analytics
Identify and document the scope and objectives of Assurance/Compliance Assignment.
Identify what information will be required, to address audit scope and objectives and collect the data
from client in required digital format.
Review the data to understand what each column in file represents and how it might be relevant in
performing the audit.
Review and curate the data and format the header row for the file to make it ready for data
analytics.
Confirm that data is complete by comparing statistics from data analytics software and original
source of data/software.
Understand the Business processes/validations/controls relevant for audit.
Identify and document the audit tests to be performed and functions of data analytics software which can
be used.

Seven Steps for using SoftCAAT Pro for Data Analytics
Remember eCAAT Pro can perform function & display results but user must select
right function/fields to get right results & draw insights from results.
Review Review Field Formats and change it to required format if required.
Delete Delete fields which are not relevant for audit and fields with only one
common value as no analytics is possible on this.
Document Document field description and related business process/validation rules.
Perform Perform harmonize sheet to get data and headers in right format for
analysis. Close all other MS Excel files except file required for analysis.
Make Make copy of the files and perform analysis only on copy of file.
Get Get Data Ready for Data Analytics.

Data Analytics in 4 Steps
1.Understand
Business Process
Controls
2. Identify
Information Criteria
for Evaluation
3. Use Specific Tools
and Techniques
from eCAAT Pro
4. Analyse & Report
as required with
Value Addition
48

How does SoftCAAT Pro help in Data Analytics?
Knowledge Skills
Tools and
Techniques
Value
addition
for all

•Provide Assurance
•Ensure Compliance
•Provide Value Addition
•Be more Productive
•Be more Effective
•Be more Timely
SoftCAAT
Pro
Provides a
Better Way
to:

Panels Brief Description of Panels in SoftCAAT Pro
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.
Curate Transform 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 Analyse the data elements 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 Examine the data in detail to discover essential features by breaking data into specific
components by grouping, identifying and reviewing specific features.
Investigate Observe or interrogate the data in detail. This involves systematic examination of data by
making a detailed inquiry or search to discover facts and insights.
Relate Provides options to join, append or compare data in two tables based on specific criteria.
Sampling Provides options to extract specific samples from population based on specified criteria.
Utilities
Tools
Provides unique functions which complement & enhance use of SQL and save time.
Provides functions which aid in simplifying routine tasks performed in SQL.

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.

Curate
•Remove
Characters
•Remove Spaces
•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:

Profile
•Statistics
•Stratify
•Summarize
•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:

Analysis
•Identify Duplicates
•Identify Gaps
•Change Seq.
•Sort
•Filter
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:

Relate & Sampling
•Relate has 6 functions
•Sampling
•Stratify
•Classification
•Profile
•Classifier
•Analysis On Result
Relate:
Provides options to join,
append or compare data in
two tables based on
specific criteria.
Sampling:
Provides options to extract
specific samples from the
population based on
specified criteria.
Specific functions:

Utilities & Documents
• Utilities
• Columns
• Files
• Rerun
• Split By
• Documents
• Audit Table,
• Audit Log
• Comments, Settings
Utilities refers to host
of functions which
provide unique
functions which
complement and
enhance use of SQL.
Documents provides
options to document
work done and
settings as required.
Specific functions:

Generic Use Case of SoftCAAT Pro:
What can you do with it?
• SoftCAAT is an all-purpose Standalone/Independent application software specially
designed for CA firms and their teams. The Software empowers users to perform powerful
Data Analytics in a simple and effective way with minimal training.
• SoftCAAT is designed exclusively with Assurance, Control and Conformance perspective to
Identify Irregularities, Exceptions, Outliers, Verify Conformances and Compliances and
Generate various BI/MIS reports from the Digital Data.
• Users can Access, Analyse and Interrogate data from Multiple Files/Formats.
• SoftCAAT is designed with the Simplicity of a Spreadsheet Software and backed with Power
of a Access Database.
• SoftCAAT maintains auto documentation of functions performed with date and time stamp
to re-perform as and when required and for future reference of audit process trail.
• SoftCAAT enables users to perform various types of audit tests on any structured data in
one go in a few clicks!

Generic Use Case of SoftCAAT Pro: Walk-through of Functions
• SoftCAAT Pro is an Independent Data
Analytics/BI Software with MS Access
Database as the back-end. It is
exclusively designed to perform
complex data analysis dynamically in a
few clicks.
• The user must first import the data from
any of the multiple formats and then
perform any of the more than 230
Functions.
User has a quick walk-through
of Tabs which include:
• File
• Home
• Curate
• Profile
• Analysis
• Investigate
• Relate
• Sampling
• Utilities
• Documents

Generic Use Case of SoftCAAT Pro: User has walk-through of
the various powerful functions available in Panels of:
• Import Data
• Find
• Remove Characters
• Format Case
• Statistics
• Stratify
• Summarize
• Search
• Identify Duplicates
• Identify Gaps
• Change Seq.
• Sort/Filter
• Analysis
• Explore
• 3D Reports-Stratify
• 3D Reports
• Selection
• Profile
• Criteria
• Stratify
• Analysis On Result
• Columns
• Files
• Rerun
• Split by
• Audit Table
• Audit Log

Generic Use Case of SoftCAAT Pro: Understand Relevant Functions
• The user selects the relevant functions in the File Tab to create an auditee, audit, file
and password.
• The user selects the relevant functions in the Home Tab to Import different types of
files as selected for performing functions of software.
• The user selects the relevant functions in Curate Tab to transform 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.
• The user selects the relevant functions in Profile Tab 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 the Analysis Tab to examine the data in
detail to discover essential features by breaking data into specific components by
grouping, identifying and reviewing specific features.

Generic Use Case of SoftCAAT Pro: Understand Relevant Functions
• The user selects the relevant functions in the Investigate Tab to perform
systematic examination of data by making a detailed inquiry or search to
discover facts and insights to be able to come to a conclusion.
• The user selects the relevant functions in the Relate tab to join, append or
compare data in two tables based on specific criteria.
• The user selects the relevant functions in Sampling Tab to extract specific
samples from the population based on specified criteria.
• The user selects the relevant functions in Utilities Panel to perform unique
functions which complement, enhance and simplify routine tasks performed
in Excel and Save Time.
• The user selects the relevant functions in the Documents Tab to review the
record critical steps of data analytics.

Generic Use case of SoftCAAT Pro: Key Benefits
• The Team of CA Firms gets practical exposure of how SoftCAAT Pro Software provides independent access to
auditee data and makes Data Analytics Simple, Effective and learns the powerful features with minimal training.
• The CA team imports the data from different formats and then perform various types of audit tests on this data.
• The CA team discovers that it is not necessary to depend on IT personnel to get reports instead they request for
relevant data in specified format to be exported from the software and provided to them. After importing this
data into the SoftCAAT Pro, they perform analysis and query data as per specific needs of the assignment.
• Using SoftCAAT Pro, the CA team is able to specifically Identify Irregularities, Exceptions, Outliers and do further
analysis as required and report relevant findings and recommendations with relevant evidence, to management.
• The auto documentation feature records date and time stamp for all the functions performed so that it can be
used as record of work done and to re-perform/demonstrate how the analysis was done.
• The CA team finds that SoftCAAT Pro Software can be used for various types of assignments such as Assurance,
Verifying Control and Validating Conformance of Statutory Regulations as required.
You can see the Complete List of Functions with Brief Description at:
https://wincaat.com/Features_SoftCAATPro/Functions.aspx

Specific Use case
of Accounts
Receivable

Control Objectives: Accounts Receivable
• i. Whether the company maintains proper records of all
transactions of accounts receivable and the details are
reconciled with internal and external confirmation as required
on a timely basis.
Maintenance of
Records
• ii. Whether the enterprise has comprehensive policies and
procedures covering accounts receivable such as credit policy,
despatch of goods, validation of bank accounts, regulatory
compliances, etc. and these are effectively implemented.
Policies &
Procedures
• iv. Whether all the internal policies/regulatory compliances
pertaining to the transactions of accounts receivables such as
charging of taxes, charges for delivery, collection on time are
strictly adhered to and monitored.
Internal
Policy/Regulatory
Compliances

Illustrative Control Objectives Financial Assertions
• All orders received from customers are input and processed. • Completeness
• Only valid orders are input and processed. • Existence
• Invoices are generated using authorized terms and prices. • Valuation
• Invoices are accurately calculated and recorded. • Valuation
• Credit notes and adjustments to accounts receivable are accurately calculated and
recorded.
• Valuation
• All goods shipped are invoiced. • Completeness
• Credit notes for all goods returned and adjustments to accounts receivable are issued in
accordance with enterprise policy.
• Existence
• Invoices relate to valid shipments. • Existence
• All credit notes relate to a return of goods or other valid adjustments. • Completeness
• All invoices issued are recorded. • Completeness
• All credit notes issued are recorded. • Existence
• Invoices are recorded in the appropriate period. • Valuation
• Credit notes issued are recorded in the appropriate period. • Valuation
• Cash receipts are recorded in the period in which they are received. • Valuation
• Cash receipts data are entered for processing accurately. • Valuation
• All cash receipts data are entered for processing. • Existence
• Cash receipts data are valid and are entered for processing only once. • Completeness, Existence
• Cash discounts are accurately calculated and recorded. • Valuation
• Timely collection of accounts receivable is monitored. • Valuation
• The customer master file is maintained and is kept upto date. • Completeness, Existence
• Only valid changes are made to the customer master file. • Completeness, Existence
• All valid changes to the customer master file are input and processed. • Completeness, Existence
• Changes to the customer master file are accurate. • Valuation
• Changes to the customer master file are processed in a timely manner. • Completeness, Existence

Sample Areas for Review in Accounts Receivables
Debtors Age Analysis
Debtor Balances Compared To Credit Limits
Debtors With Credit Balances
Outstanding Debtors Greater Than 60 Days or specified period.
Customers With No Credit Limits
Changes To Customer Credit Limits

Area: Debtors Aging Analysis
• Debtors aging analysis provides a summary of outstanding debtor
balances and period outstanding. This will assist with debtor
management and follow-up.
Context
• Ineffective follow-up on outstanding debtor payments.
Risk
• Re-computes debtors ageing. This is useful to either confirm the
accuracy of ageing within a system or to independently obtain a
debtors ageing for testing.
Procedure
• Extracts a listing of all outstanding invoices not yet settled by
debtors from the system and re-computes the debtors aging
analysis using the invoice dates and receipt date for ageing.
Analytic Logic

Area: Debtor Balances Compared To Credit Limits
• Credit limits should be assigned to each of the authorised debtors to ensure
that the authorised exposure per debtor is documented/approved.
• Debtor amounts owing are also managed in terms of the credit limit.
Context
• Inaccurate and/or overstated debtor account balances.
Risk
• Compares debtor closing balances to credit limits loaded.
Procedure
• Extracts debtors' current balances and their respective credit limits and
analyses which balances are in excess or close to their approved credit limits
in the system.
Analytic Logic

Area: Debtor with Credit Balances
•The debtor balance should always be a debit balance, i.e. amounts owing to the enterprise.
•All credit balances should be investigated as this indicates amounts owed to the debtor by the
enterprise.
Context
•Inaccurate and/or overstated debtor account balances.
Risk
•Identified all debtors with credit balances.
Procedure
•Extracts debtors with balances in credit representing where they have overpaid or recent
credit notes have resulted in credits.
Analytic Logic

Area: Outstanding Debtors Greater Than 60 Days or
specified period
• Outstanding debtors should be followed up on a regular basis to ensure that
amounts owed are recovered in a timely manner. This also assists in verifying
the accuracy of the disclosed debtor balance.
Context
• Ineffective follow-up on outstanding debtor payments.
Risk
• Identifies all outstanding debtors greater than 60 days or specified period.
Procedure
• Extracts all debtors' invoices older than 60 days or specified period as per
credit policy as the amounts not collected within credit period may impact the
recoverability of debts. Re-compute aging analysis of these invoices.
Analytic Logic

Area: Customers With No Credit Limits
• Customer trading limits should be assigned to all customers as this is an
indication of the authorised exposure per debtor.
• Customer amounts owing are also managed in terms of the credit limit..
Context
• Inaccurate and/or overstated debtor account balances. This potentially
means that purchases are not managed or regulated, and exposes the
company to a higher concentration of risk.
Risk
• Identifies customers with no credit limits.
Procedure
• Extracts all customers that have no credit limit in the system.
Analytic Logic

Area: Changes To Customer Credit Limits
• Customer trading limits should be assigned as this is an indication of
the authorised exposure per customer.
• Debtor amounts owing are also managed in terms of the credit limit.
Context
• Inaccurate and/or overstated debtor account balances.
Risk
• Identifies all changes to debtor credit limits. Note: This analytic can
be used by auditors to detect unauthorized changes to a customer's
credit limit.
Procedure
• Extracts all changes made to a customer's credit limit from the
relevant log changes table.
Analytic Logic

Specific Use Case: Accounts Receivable
Sample CAAT Queries Performed
1. Calculate day to payment and summarize
by client, region, sales representative, etc.
2. Check transaction totals to the balance on
each account
3. Compare balances with credit limits and
report exceptions (e.g., accounts with
balances in excess of their credit limits or
accounts with no credit limits, etc.)
4. Compare customer balances with credit
limits to identify credit policy exceptions
5. Generate summaries by customer, invoice,
amounts, products, etc.
6. Identify accounts with no recent activity
for follow up by sales reps
7. Identify credit limit exceptions
8. Identify duplicate invoices (both invoice
number and customer/value), credits or
receipts, in any order
9. Identify high-value credit notes, balances,
and invoices
10. Identify large balances either in their own
right or compared to turnover
11. Identify old items (e.g., greater than three
months old)
12. Profile customers’ purchasing cycles to
improve profitability
13. Profile debtors using Stratification to see
how many large debts there are and what
proportion of value is in the larger items
14. Report and automatically age total
receivables in any format
15. Stratify and summarize customer
information to create customer profiles
16. Test for items with dispatch dates or
numbers outside the expected range
80

Thank you! Questions?
sales@wincaat.com
rafeq@wincaat.com

Intro of Key Features of SoftCAAT Pro software

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