ACL Announces 15th Annual Impact Award Winners, Recognizing the World's Most Innovative Risk, Compliance, Finance and Audit

ACL Announces 15th Annual Impact Award Winners, Recognizing the World's Most 
Innovative Risk, Compliance, Finance and Audit Professionals 
Phillips 66 to be Honored at ACL Connections 2013 Conference with Grand Prize 
for Using ACL Technology to Achieve 500% Increase in Productivity 
VANCOUVER, British Columbia, April 18, 2013 /CNW/ - ACL, the company that is 
transforming audit and risk, today announced its 15(th) Annual Impact Award 
Winners. This premier technology award for audit, finance, compliance and risk 
professionals celebrates the outstanding achievements of customers that have 
made a significant, positive impact on business processes and operations 
through the use of ACL technology. The winners, comprised of 10 companies 
around the globe spanning various industries, include The Coca Cola Company, 
the Public Services Management Department of Zambia, the Office of the 
Comptroller of Puerto Rico, and Grand Prize winner, Phillips 66 (NYSE: PSX), 
which is one of the world's largest oil and gas refining companies. 
Fortune 500 company Phillips 66 used ACL data analytics technology to create 
an Employee Expense Report Monitoring System for its team of approximately 
14,000 employees worldwide, establishing a continuous auditing process to 
identify travel and procurement policy violations, mistakes and instances of 
fraud before such abuse could negatively impact the business. The system 
identifies anomalies such as company credit card purchases that occurred when 
an employee was absent from work, purchases made with suspicious merchants, 
transactions by former employees, and cash advances that were not fully 
expensed. Monthly reports showing violations of policy, which can now be 
produced for management, are used by the Compliance, Global Security, Audit 
and Controllers departments. 
"As a direct result of the implementation of this new system, over US$3 
million of transactions were identified as having some violation of policy," 
said Richard Twilley, Analyst, Commercial Card Services at Phillips 66. "We've 
experienced a 50% increase in accuracy, 1000% increase in efficiency, and a 
500% increase in productivity." 
"It's amazing to see the innovative ways in which audit, finance, compliance 
and risk professionals are integrating ACL's solutions to positively impact 
their organizations," said Laurie Schultz, President and CEO of ACL. "We want 
to thank all who entered, as your stories have truly been inspiring." 
This year's ACL Impact Award winners are: 


    --  Grand Prize Winner: Richard Twilley, Phillips 66
    --  Regional Award, North America: Sean Pinto, The Coca Cola
        Company
    --  Regional Award, Latin America and Caribbean: Francisco Ortiz,
        Office of the Comptroller of Puerto Rico
    --  Regional Award, Asia: Glen Laslett, Metcash Trading Limited
    --  Regional Award, Europe, Middle East and Africa: Siame Matthews,
        Public Services Management Department of Zambia
    --  Best Use of Analytics: Desolyn Foy and Christina Ervin, Harris
        Health Systems
    --  Best Use of Audit Management Technology: Lisa Traina, Traina
        and Associates
    --  Best Application of Continuous Auditing or Monitoring: Enrique
        Vazquez Escobar, Nacional Monte de Piedad IAP
    --  Most Promising New User: Eduardo Staino, Construtora Andrade
        Gutierrez SA
    --  Most Innovative Use: Michel Picinin, Suzano Papel e Celulose SA

The Impact Awards winners will be honored at the annual customer conference, 
ACL Connections 2013, taking place April 28–30 at the Hyatt Regency in 
Atlanta, Georgia. Harald Will, Executive Chair, Board of ACL will present the 
awards during a luncheon ceremony on Tuesday, April 30.

Supporting resources:
    --  To learn more about ACL, visit:
        www.acl.com
    --  To read the latest on business assurance, compliance, risk,
        fraud detection, and internal audit, visit the ACL Blog:
        www.acl.com/blog
    --  Follow ACL on Twitter:
        @ACLServices
    --  Join ACL on LinkedIn:
        www.acl.com/LinkedIn
    --  Like ACL on Facebook:
        www.facebook.com/ACLServices

About ACL

ACL delivers technology solutions that are transforming audit and risk 
management. Through a combination of software and expert content, ACL enables 
powerful internal controls that identify and mitigate risk, protect profits, 
and accelerate performance.

Driven by a desire to expand the horizons of audit and risk management so they 
can deliver greater strategic business value, we develop and advocate 
technology that strengthens results, simplifies adoption, and improves 
usability. ACL's integrated family of products—including our cloud?based 
audit and compliance management solution and flagship data analytics 
products—combine all vital components of audit and risk, and are used 
seamlessly at all levels of the organization, from the C?suite to front line 
audit and risk professionals and the business managers they interface with. 
Enhanced reporting and dashboards provide transparency and business context 
that allows organizations to focus on what matters.

And, thanks to 25 years of experience and our consultative approach, we ensure 
fast, effective implementation, so customers realize concrete business results 
fast at low risk. Our actively engaged community of more than 14,000 customers 
around the globe—including 89% of the Fortune 500—tells our story best. 
Here are just a few. Visit us online at www.acl.com.

© 2013 ACL Services Ltd. ACL and the ACL logo are registered trademarks of 
ACL Services Ltd. All other company and product names are trademarks of their 
respective owners.

Jacqui Wilder, Stanton Public Relations & Marketing, 646-502-3538, 
jwilder@stantonprm.com

http://www.acl.com

SOURCE: ACL

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CO: ACL
ST: British Columbia
NI: FIN CPR ELE ENT 

-0- Apr/18/2013 13:01 GMT


 
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