Sherlock
Harness the power of data-driven insights across your practice for informed decision-making
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Turning data into limitless possibilities
Accounting practices are finding it increasingly difficult to look across large volumes of engagement and practice-wide data to obtain timely insights and identify trends for client advisory and internal process improvements.
Traditional analytical tools pose several limitations in such areas as system integration, data extraction and analysis. Firms need a smart, seamless yet simplified data-driven solution. Say hello to the latest solution in the Caseware ecosystem for business intelligence in accounting — Caseware Sherlock, which can help your firm transition to an insights-driven culture.
Features
Powerful, secure, cloud app with a sleek user interface
Sherlock provides powerful insights from a large volume of engagement data to uncover valuable trends and insights. It includes built-in security features that protect data and ensure only authorized access. The user-friendly interface allows you to easily access and analyze data, create reports and share insights.
Automated data transformation of Caseware engagements
Sherlock fully automates the process of extracting data from your engagements, loading it into a centralized database and transforming it into a format that allows you to easily analyze data from all engagements for business insights. No more manual data entry and manipulation, which is time-consuming and limits data integrity.
Flexible visualization path to turn big data into insights
Sherlock is designed to be highly adaptable and customizable, allowing you to tailor your data visualization approach to your specific needs and goals. You can easily visualize data in a way that makes it easy to identify trends, patterns and other insights that might not be immediately apparent when working in a single engagement.
Deeper insights to elevate every phase of the engagement
Profile your clients on key data points to identify opportunities for client advisory services and gain deeper insights from client financials to analyze year-over-year trends. Benchmark a client’s data against others in the same industry to suggest avenues for growth.
Benefits
Get a 360° view into your practice
Boost staff efficiency
Become a trusted advisor
Deliver intelligence confidently
Be future ready
Supporting components
Get a complete practice intelligence solution with these elements
Caseware Sherlock consists of three primary modules: Sherlock Reader, Sherlock Builder and Sherlock API. Together they provide a firm-wide solution usable by staff in various roles.
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Sherlock Reader
arrow_forwardWith this read-only license, access all on-demand* and custom-built visualizations for practice-wide insights.
*Availability subject to region
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Sherlock Builder
arrow_forwardBuild your own dashboards using this easy-to-use capability without the need for coding, and customize the insights based on your practice.
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Sherlock API
arrow_forwardAutomatically export 14+ databases to external reporting software programs for further analysis, eliminating data transfer errors.
Supercharge your Sherlock experience with these pre-built dashboards
Gain more insight into your data with easy-to-use Sherlock Visualizations. This product includes pre-designed visualizations that automatically populate with the data from an engagement file, including:
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Risks and Controls
arrow_forwardView summaries and trends as well as a detailed breakdown of an engagement’s risks and controls.
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Financial Information
arrow_forwardMonitor significant changes in financial information, including trial balance and financial statement areas.
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Partner and Manager Summary
arrow_forwardView key information on the status of an audit engagement, including partner and manager summary and compliance summary.
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Find the answers you need
Using Caseware templates is not a prerequisite to using Sherlock. Sherlock mines data from all Caseware engagements, regardless of templates, and also offers capabilities to define how you store key data points, such as risks and controls, so that Sherlock can apply the proper structure for you to leverage the analysis.
The firm will need to purchase the applicable Sherlock components — Builder, Reader or API. Once a Cloud Engagement app user has a Sherlock license, they will see SE data populate in their visuals or API query results.
Storage of data (data-at-rest) is encrypted using the same high level of encryption as online banking.
