Leading analyst report names ACL as a representative vendor
VANCOUVER, B.C. – April 12, 2017—ACL today announced that its flagship ACL GRC platform has been listed as a representative vendor in leading technology analyst firm Gartner’s “2017 Market Guide for Audit Management Solutions.” This Market Guide research identifies recent priorities in auditors’ buying decisions in a mature market.
According to the Market Guide, by 2020, 70% of audit management vendors will embed analytics in their product or provide integration with business intelligence software, up from the current 50%, and 50% of internal audit teams will use the SaaS model of deployment, up from the existing 30%.
ACL, a risk management software provider helping governments and companies around the world stamp out fraud, waste and abuse, is one of the few vendors offering analytics-enabled audit management solutions through cloud- and subscription-based models.
“When the market guide was released last month, Gartner stated that ‘while internal auditors usually need several different solutions or tools to successfully execute their role in the third line of defense, no single solution has the ability to encapsulate the expectations that drive audit activities,” said Dan Zitting, chief product officer at ACL. “Earlier this month, however, ACL released its Spring 2017 product update, which specifically addresses these and other challenges acknowledged in the Market Guide, including integrated risk management and the ability to manage internal audit department KPIs.”
ACL’s Spring ’17 release introduces a real-time, quantified approach to enterprise risk management mapped to strategic objectives, to align KRIs to KPIs. The release provides boards and executive teams with a holistic understanding of their organization’s global risk management and compliance posture, to enable integrated risk management across the organization. As an audit management solution, the ACL Platform embeds data analytics and flexible work paper management, and this new release enriches audit team performance management with time sheet automation to track and measure resource allocation and ROI. Software-as-a-service (SaaS) delivery means new features are added automatically, without requiring IT intervention.
Zitting added, “When our efforts align with reported industry needs, and we have customers achieving an ROI of over 400%, we know we’re on the right track.”
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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