1. What is SoftCAAT?
SoftCAAT is an affordable Data Analytics software which is powerful but simple to learn and easy to use. The key features are:
• Standalone Desktop application software with its own database.
• Facilitates use of CAATs (Computer Assisted Audit Techniques) on digital data.
• Audit software designed with more 150+ functions including scripting and scheduling and analytical functions which enhance audit productivity and efficiency.
• Help auditors to provide better assurance and add value to their clients.
• Look and feel of spreadsheet software but the power of database.
• Powerful audit features of other popular General Audit software but it comes at an affordable price.
• Create multiple clients with multiple assignments and audits for each client.
• Retain integrity of original data and enables tracing of the results with audit log.
• Store, manage and perform CAATs.
• Available in multiple flavours such as SoftCAAT Lite, SoftCAAT and SoftCAAT Pro to cater to different systems and volumes of data analysis.
• Primary focus on providing better assurance and value addition to clients.
2. Why should I choose SoftCAAT over other CAATs and data analytics software?
• SoftCAAT is engineered with the right features and functionality for audit.
• Designed with an audit perspective in mind and built with the familiar Windows GUI (Graphics User Interface) platform.
• Rich audit functionality, ease of use and simple to learn functions make SoftCAAT an invaluable component of the audit-KIT (Knowledge Inference Tool)
• Enable auditors to meet challenges of auditing electronic data.
• Facilitates auditors to create new avenues of assurance and consulting in the digital decade Host of best-of-breed features.
• Specially designed for easy data access & storage, thorough investigation and in-depth analysis that is integral to auditing.
Key features of SoftCAAT are:
• SoftCAAT aligns audit with IT and business of the auditee and improves audit effectiveness.
• Uses technology to enhance audit productivity and reduce dependence on manual audit procedures.
• Enables management of audit risks effectively and efficiently to provide better assurance.
• Enhances audit performance and productivity to provide value addition with the effective use of IT.
3. When can SoftCAAT be used?
SoftCAAT can be used for reviewing any file that can be imported into the application. It supports the import of audit data from a myriad of sources including spreadsheets (MS Excel family), MS Access databases (MS Access family), Tally, HTML files, text files, Dbase files, etc. directly from audit database systems and even data can be copied from the clipboard.
Files and results performed using SoftCAAT functions can also be viewed or exported into formats such as spreadsheets, word documents, HTML files, XML files, text files, or as an attachment to an email directly from the software.
4. Where is SoftCAAT useful?
SoftCAAT can be used for any type of data analysis and for reviewing any files such as sales register, purchase register, day book, cash book, journal, Balance sheet, Profit & loss a/c, Inventory, payroll, accounts payable, accounts receivable, etc. SoftCAAT can be used for data analysis which may be required by auditors, CXOs and forensic/fraud investigators.
5. Which SoftCAAT function will be most useful to me?
SoftCAAT is designed to cater to the requirements of multiple users for multiple objectives. There are more than 150+ functions including scripting, scheduling and analytical 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 SoftCAAT in my profession?
The challenge for auditors is to evolve their methodology with changing technology. There have been very few affordable IT solutions available for auditors to assist them in auditing an IT environment and even these solutions are expensive and outside the reach of most auditors, and therefore, the auditors had to still rely on manual methods for providing assurance. SoftCAAT is desktop data analytics software which is simple to understand, easy-to-use but packed with powerful features which help you to do more in less time by enabling to audit 100% of audit against set audit criteria. SoftCAAT can be used for any type of assurance assignment, MIS/BI analysis and forensics/fraud investigation. SoftCAAT can be made an integral part of any audit environment as it is developed by auditors for auditors and designed for assurance perspective.