ACL (software company)

ACL Services Ltd.
Private
Industry Computer software
Governance, risk management, and compliance
Founded 1987
Headquarters Vancouver, British Columbia, Canada
Key people
Products ACL GRC; ACL Analytics; ACL Analytics Exchange; ACL GRC Content & Intelligence; ACL Direct Link for SAP Applications; ACL Add-in for Excel; Training & Customer Enablement
Number of employees
 300
Website www.acl.com

ACL Services Ltd. is a privately owned software company headquartered in Vancouver, British Columbia, Canada. ACL provides an enterprise SaaS platform that converges governance, risk management, and compliance (GRC), corporate performance management (CPM), and data automation.

Their flagship analytics products have been referred to as one of "the most widely used" data extraction tools.[1]

In 2018, ACL was named one of Canada's Top 100 Employers by Mediacorp Canada Inc.[2]

History

While working in the Faculty of Commerce's Division of Accounting at the University of British Columbia in 1972, Hartmut J. Will developed the first interactive audit software, "Audit Command Language" (ACL) for data bank and model bank audits.[3]

In 1987, Will and his son, Harald Will, launched the commercial business ACL Services Ltd. Harald Will grew the company to the world's leading audit analytics software company as Founder & CEO until inviting Laurie Schultz to assume the role of President and CEO of ACL in 2011.[4][5]

In 2012, ACL expanded into the electronic work papers market with the acquisition of Workpapers.com, led by Dan Zitting.[6] The acquisition signaled the shift by the company towards a cloud-based, SaaS business model.[7]

ACL acquired digital design firm Artletic LLC in 2015.[8]

ACL took its first outside funding in the form of a $50 million strategic minority investment led by the growth equity team at Norwest in December 2017.[9]

Products & Services

ACL GRC

ACLTM GRC is described on ACL's website as "software designed to solve the time suck of managing GRC activities."[10] ACL GRC is a cloud-based, data-driven audit, risk, and compliance management platform that does not rely on third-party vendors and is hosted on Amazon's infrastructure.[11] Features include: Strategic risk view & single source of truth, offline & remote work, project management to kill silos & spreadsheets, risk assurance & frameworks, 360° oversight: triggered workflow remediation for flagged records, Investigations & forensic workflow, Issue management & tracking, and Reporting & visualization.

ACL Analytics

ACLTM Analytics is a PC client-based data extraction and analysis software tool used for fraud detection & prevention, and risk management. By sampling large data sets, ACL data analysis software is used to find irregularities or patterns in transactions that could indicate control weaknesses or fraud. ACL Analytics connects users to any data source, and lets them run sophisticated risk analytics and detect anomalies or patterns that can't be uncovered with random sampling, spreadsheets, or business intelligence.

ACL GRC Analytics Exchange

ACLTM GRC Analytics Exchange is a client/server-based platform that includes the capabilities of ACL Analytics plus: a centralized platform for collaborative team-based work, automated data extraction and blending with IT-trusted connections, and continuous monitoring.[12]

ACL GRC Content & Intelligence

ACL GRC Content & Intelligence allows users to embed ready-to-use regulatory updates, frameworks, standards, metrics & best practices into their daily compliance management workflow.[13] Categories of content includes: Banking & Lending, Government & Higher Education, Financial Control Monitoring, IT Governance, Subscription Value.

Add-Ons

  • ACLTM Direct Link for SAP® Applications:[14] An SAP-Certified data extraction add-on for ACLTM Analytics and ACL GRCTM Analytics Exchange. Includes SAP-Certified integration with SAP S/4HANA, SAP ERP, SAP CRM, SAP SRM, SAP SCM and SAP EWM.
  • ACLTM Add-In for Excel:[15] A free tool for governance professionals that bridges the gap between standard Excel functions and what governance professionals need to do their jobs. Eliminates the risks associated with doing governance work in Excel.
  • Training & Customer Enablement:[16] Customer success services, training & certification, and support center.

Leadership

  • Laurie Schultz, President & CEO (2011-)
  • Dan Zitting, Chief Product Officer (2015-); Previously VP, Product Management & Design (2011-2015)
  • Sean Zuberbier, Chief Revenue Officer (2017-); Previously Vice President, Global Sales & Customer Success (2012-2017)
  • Keith Cerny, Chief Technology Officer (2016-); Previously VP, R&D (2012-2016)
  • Kathy Enros, Vice President, Talent (2014-)
  • John Lauinger, General Counsel (2001-)

References

  1. ↑ Baker, Neil (August 2009). "Software Trend Spotting". Internal Auditor. Retrieved 11 December 2012.
  2. ↑ "Top Employer: ACL Services Ltd". content.eluta.ca. Retrieved 2017-11-22.
  3. ↑ "The man who made 'auditing through the computer' possible - Meet the inventor of ACL" (PDF).
  4. ↑ "Laurie Schultz Named CEO of ACL". Accounting Today. Retrieved 2017-11-23.
  5. ↑ "Leadership". ACL. 2015-07-23. Retrieved 2017-11-23.
  6. ↑ Fineberg, Seth (12 December 2011). "ACL Services Acquires Workpapers.com". Accounting Today. Retrieved 7 February 2013.
  7. ↑ Bennett, Nelson (4 December 2012). "Laurie Schultz: Class struggle". Business in Vancouver. Retrieved 7 February 2013.
  8. ↑ "ACL Invests in GRC Software Usability with Acquisition of Design Firm Artletic". ACL. 2015-05-28. Retrieved 2017-03-02.
  9. ↑ ACL. "ACL Accelerates Category Consolidation Vision with $50 Million Strategic Investment from Norwest". www.prnewswire.com. Retrieved 2018-03-15.
  10. ↑ "ACL GRC Integrated Risk Management Software". ACL. Retrieved 2018-03-15.
  11. ↑ "ACL transitions to cloud for broader global reach | GRC & Fraud Software Journal". www.fraudjournals.com. Retrieved 2017-03-02.
  12. ↑ "ACL Analytics". ACL. Retrieved 2018-03-15.
  13. ↑ "ACL Content & Intelligence Gallery". gallery.acl.com. Retrieved 2018-03-15.
  14. ↑ "ACL Direct Link for SAP". ACL. Retrieved 2018-03-15.
  15. ↑ "ACL Add-in for Excel". ACL. Retrieved 2018-03-15.
  16. ↑ "ACL Training & Enablement". ACL. Retrieved 2018-03-15.
  • "2009 IT Audit Benchmarking Study". The Institute of Internal Auditors. March 2009. Archived from the original on 2012-07-12. Retrieved 11 December 2012.
  • McCafferty, Dennis (14 January 2010). "U.S. Military Looks to Better Control Costs with Business Analytics, Better BI". Smarter Technology. Archived from the original on 2012-07-12. Retrieved 11 December 2012.
  • Krell, Eric (16 November 2009). "Your Internal Audit's Vital Signs". Business Finance Magazine. Retrieved 11 December 2012.
  • McCann, David (10 November 2009). "Doing the Internal Audit-Management Dance". CFO.com. Retrieved 11 December 2012.
  • Kelly, Susan (2 November 2009). "Monitoring the Monitors". Treasury & Risk. Retrieved 11 December 2012.
  • McCann, David (18 September 2009). "Internal Audit: The Continuous Conundrum". CFO. Retrieved 11 December 2012.
  • Baker, Neil (August 2009). "Software Trend Spotting". Internal Auditor. Retrieved 11 December 2012.
  • McCann, David; Stuart, Alix (15 July 2009). "The 24/7 Audit". CFO Magazine. Retrieved 11 December 2012.
  • Krell, Eric (14 July 2009). "Monitoring Matters". Business Finance Magazine. Retrieved 11 December 2012.
  • ACL wins best application of technology at BCTIA's annual Technology Impact Awards (TechVibes)
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