Case Study: ACL doesn’t support Macsteels continuous monitoring strategy it enables it

By Leigh Carmichael

Published | Thursday, November 10th, 2016


Macsteel Service Centres SA forms the African component of the global Macsteel Holdings Group. Macsteel operates in more than 31 countries and is the largest independent steel trading company in the world. The Macsteel Service Centres SA Group through its 11 dynamic Business Units and a strategic network of more than 71 branches has a core focus on Steel Trading and Value Added Steel Processing.

 

 

Louis Herman, chief audit executive, Macsteel

I don’t think ACL necessarily supports our continuous monitoring strategy as much as it enables it. Without ACL I don’t see us having a continuous monitoring strategy. ACL has changed the way I see information in my business. I don’t need to validate the information. I don’t need to explain the trust in the information. I can get the information in an easy format and use it.

What is the value of the plug-and-play ACL Essentials analysis apps?

These Essentials enabled me to get to introducing an exception reporting strategy without applying any of my internal audit resources to develop scripts, to test scripts and to understand the scripts.

What is the benefit of secure, direct data connectors to your ERP data?

The benefit of the direct access to the data is that I don’t require someone else to assist me, and I spend less time than on additional resources to fulfill my needs. And I also get access to the data in an unaltered format and I can access the data whenever I want. The benefit there is in I don’t need to do this; I’ve got a solution that works and does it for me.

How has using pre-built ACL Essentials apps improved your implementation of continuous ERP monitoring?

ACL Essentials definitely speed up the implementation time because I have something that provides 95% of what I need as a starting point, and I know that it works. It just needs to be tested and validated, and then it’s all a go.

ACL has changed the way I see information in my business. I don’t need to validate the information. I don’t need to explain the trust in the information. I can get the information in an easy format and use it.

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