Topcaats business case
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TopCAATs Business Case. [Your Company Name] [Date]. Guidance. This presentation is intended to be a ‘straw man’ to help you with compiling and presenting your business case

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TopCAATs Business Case

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Topcaats business case

TopCAATs Business Case

[Your Company Name]

[Date]


Guidance

Guidance

  • This presentation is intended to be a ‘straw man’ to help you with compiling and presenting your business case

  • Please modify it as you feel appropriate for your own organisation and circumstances – add any additional information you think decision makers would find useful

  • Please add, remove or modify slides as required to reflect your own findings from your trial and update all areas in red

    PLEASE REMOVE THIS SLIDE BEFORE USE


The need for caats

The need for CAATs

  • We need to improve efficiency to maintain margins and remain cost competitive with our competitors

  • Our Clients’ systems and data are becoming ever more complex

  • Huge transaction volumes mean it is becoming impossible to obtain sufficient, appropriate Audit evidence without using data analytics / CAATs, increasing our risk

  • Auditing Standards require the use of CAATs in some situations

  • We need to differentiate ourselves from our competition in the value we deliver and the services we can provide


The benefits of caats

The benefits of CAATs

  • Substantial time savings through more efficient testing

  • Reduction in our audit risk through elimination of sampling risk and increased interrogation of data

  • Increase the value our audits provide to the Client through more and more specific improvement observations

  • Improve audit quality through more rigorous testing

  • Encourage more standardisation and repeatability in our audit approach

  • Improved Auditor morale and motivation through more rewarding and interesting work

  • Reduction in travel costs due to being able to perform more work remotely


Tangible benefits

Tangible benefits

OR (delete as appropriate)


Other benefits

Other benefits

In addition to the tangible, measurable benefits, TopCAATs is expected to deliver a number of incredibly valuable benefits that we are unable to measure at this point, but should be considered as part of the business case:


Costs

Costs


Return on investment

Return on Investment

  • 1 year ROI

  • 3 year ROI

  • Payback Period

X%

Y%

Z months


Training

Training

During our trial we have reviewed our training needs, and based on feedback from trialists, we believe the following training will be needed to get the most from TopCAATs

  • e.g. Each user to watch the free demonstration videos for each tool - Cost: Free, Time: 1.5 hours

  • e.g. Departmental CAATs champions to attend ½ day webinar – Cost: $X, Time: 3.5 hours


Examples of benefits delivered

Examples of benefits delivered

During our 30-day trial, Trialists have fed back a number of examples of where TopCAATs has already delivered benefits to their work:

  • Include examples from Trialist feedback, quantify the value delivered where possible


Implementation

Implementation

Every week between now and implementation of TopCAATs, we are foregoing real financial benefits, and potentially exposing ourselves to unnecessary risks

Proposed implementation timeline


Potential roadblocks

Potential roadblocks

Prior to, and during implementation we foresee the following possible roadblocks, issues or delays that we plan to address proactively:

  • Detail any potential roadblocks/issues/delays you foresee in your CAATs implementation, and how you plan to address these

  • Specifically address any initial concerns raised by the decision makers when you have spoken to them previously


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