IDEA Data Anaysis Software
The Trusted Tool for Data Analysis
Deeper Insights. More Value.
Whether you’re an auditor, accountant, finance or data analysis professional, making sense of your organization’s data can be a challenge. Gathering and importing information from numerous sources and formats, identifying the trends and outliers, and tracking every step of your analysis are just some of the hurdles.
IDEA® Data Analysis Software is a comprehensive, powerful and easy-to-use data analysis tool that quickly analyzes 100 percent of your data, guarantees data integrity and accelerates performing data analytics to enable faster and more effective audits.
Connect & Consolidate
Easily import information from any data source
Read-only access protects source data integrity
Deliver Key Insights
Use 100+ audit functions for a robust analysis
Explore & Visualize
Visually pinpoint patterns, trends and outliers
Record Every Step
A clear audit trail allows for repeatable analysis
Work With Other Systems Seamlessly
IDEA integrates with various solutions to make obtaining and exporting data easy. Connect to SAP® solutions, accounting packages, CRM systems and other enterprise solutions for a single version of the truth. Import data from virtually any data source using universal file conversion capabilities within IDEA including unstructured data (PDFs), text files, reports, and data from ODBC and SAP®.
Instantly Access New Insights
Utilize the built-in 100+ audit functions to quickly obtain key insights without writing queries, summarizing or sorting data. Results can be saved as separate databases to be used as audit findings, or to focus the analysis when working with large files.
Zero in on Outliers
The Discover and Visualize feature automatically pinpoints patterns, trends, outliers, and correlations. Data is displayed in customizable panels within shareable dashboards for quick identification of risk areas to enable a more focused audit.
Instantly Access New Insights
IDEA provides the unique Project Overview feature that graphically presents all tasks completed during the analysis including when databases are created, deleted or changed. Use this history to automate the same analysis or export for sharing.
Zero in on Outliers
The Fuzzy Duplicate tool identifies multiple, similar records due to data entry errors, different data recording conventions or fraud. Data groups can then be fine-tuned based on case sensitivity.
Advanced Analysis Using Python
Auditors, accountants and data analysts are increasingly leveraging Python scripts to create repeatable tests and perform even more advanced analysis. IDEA includes a Python interpreter and key packages so that you can utilize the power of this tool – all without requiring IT skills. By taking advantage of this integration, Python allows you to:
- Incorporate advanced analytics in your analysis process
- Perform customized analytics tailored to your organization
- Create repeatable tests that reduce the time for common analysis
- Automate highly manual, labour-intensive audit processes
- Ensure accuracy and consistency while performing data analytics
Automate Analysis Without Coding
IDEA makes operational analysis faster and more efficient. Standard industry-specific audit routines are available in pre-packaged apps allowing you to run automated analysis and tests on a regular basis. IDEA provides an intuitive interface to eliminate or reduce the need for you to write code so you can focus your effort on deeper insights and results.
“ Two years ago we didn’t expect that in this pandemic phase, IDEA and Pentana Audit software utility could really help in a remoted audit process, in term of the desk audit process as well as the reporting activity process. With IDEA data analytic, the process of the desk audit can save the field work & visit time up to 70%, this could happen because IDEA can analyzed and do the data processing to identify risks and spesific scoop at the beginning of the desk audit process. ”
“ Our audit teams use a data extraction and analysis tool, IDEA. This allows teams to analyse large amounts of financial data. Using IDEA, we can access such data in seconds, saving time and money for our clients. ”
“ I absolutely recommend IDEA. It lets us quickly analze 100% of our data using repeatable procedures. It’s also advanced enough to provide what I call a ‘one-click’ solution where it creates a dashboard populated with charts and field statistics that make it easy to see the outliers. Generating a result with just a couple of clicks is awesome. ”
“ We use data analytics in all phases of the audit. During the planning stage, we use it for scoping and sizing. During fieldwork, we use IDEA because we can analyze the entire population, which would not be possible with manual analysis. IDEA makes it easy to create new tests and narrow the population so we can focus on anomalies and exceptions. ”
“ Pentana Audit helps us understand our risk better which helps us be prepared for any type of event by enabling a continuous risk-based audit execution process. With Pentana Audit we are now more adaptable for changes and that makes us better prepared for emerging risks. ”
“ It’s been an incredibly effective way for us to build the risk culture within the organization. All of our lines of business now know the name Pentana! ”
“ With Pentana Audit we are saving approximately 100 working hours per audit and with an average of 12 audits every year that is an astounding saving. ”