Vancouver's ACL Services has expanded into the electronic work papers market with the acquisition of Workpapers.com. ACL’s audit analytic solutions and the Workpapers.com audit management system will be integrated "for a seamless audit experience that spans the complete audit process."
“The addition of Workpapers.com to our product portfolio is an exciting opportunity for ACL and our customers and partners around the world. For 24 years, ACL has worked with thousands of internal audit organizations, and we understand the challenges these departments face,” said Harald Will, CEO of ACL Services. “This acquisition puts us in the position to provide a complete audit technology offering that is integrated, efficient and meets the most pressing needs of audit departments today.”
A recent survey of over 8,000 customers indicated a 75% interest in an integrated analytics and eWP solution to improve efficiency and increase the use of technology in their audit departments.
“ACL is also significantly increasing its R&D investment in our core analytic solution to improve usability and reporting, and for expanded continuous auditing and monitoring capabilities,” said Laurie Schultz, President and COO of ACL Services. “Over the coming months, we plan to share with our customers and partners this new strategic roadmap and continue to engage them in our vision for ACL.”
"I am pleased that Workpapers.com is joining an organization with the brand and reputation of ACL. For years they have been at the forefront of the audit analytic technology market and now want to expand their mark in audit management systems," said Dan Zitting, founder of Workpapers.com. Zitting will transition his role at Workpapers.com to become the new Vice President of Working Papers Software for ACL Services.
Since 1987, ACL has delivered solutions to 14,700 organizations, including 98% of Fortune 100 companies, in 150 countries.