ActiveData

ActiveData for Excel is a data analytics add-in from InformationActive that brings audit-style analysis functions directly into the familiar Microsoft Excel environment. Auditors, accountants and analysts frequently need to test large data sets for anomalies, duplicates, gaps and statistical patterns, but dedicated computer-assisted audit tools can be expensive and require specialist training, while performing the same tests with native Excel formulas is slow and error-prone. ActiveData addresses this gap by adding a comprehensive menu of analytical commands to Excel, allowing users to perform sophisticated data interrogation with a few clicks. Its core approach is to leverage skills that finance professionals already have, so that data analytics can be adopted widely within an audit or finance team without a steep learning curve or the need to move data into a separate application.

Key functions include joining and merging worksheets, extracting and filtering records, identifying duplicates and gaps in sequences, stratification, ageing analysis, summarisation, statistical and random sampling, and Benford’s law analysis for fraud detection. Users can also split, combine and clean data, compare lists, and generate a log of operations that supports documentation of audit procedures. Because the tool operates within Excel, results can be formatted, charted and shared using standard spreadsheet features, and data can be imported from accounting systems, databases and text reports. ActiveData is installed as a desktop add-in on Windows computers running Microsoft Excel. It is aimed at internal and external auditors, forensic accountants, fraud examiners, finance and accounting professionals, government auditors and educators teaching data analytics, particularly in small and mid-sized practices and departments seeking an affordable alternative to specialised audit software. Because every operation is recorded, reviewers can trace how results were derived, which strengthens working papers and supports quality review within audit teams. Pricing starts from around USD 129 with a free trial available; there is no permanently free version.