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One of the critical advantages data analytics delivers is the ability to slice and dice data, then search for any anomolies or anything else out of place that may indicate a potential fraud. IDEA’s Top Records Extraction feature, makes it easy to reveal risky transactions, spot big spenders, or search for dates and amounts that require further investigation.
In a previous Tech Tip, we shared instructions for Working with Max-Min Date Fields. Here is how Now we are going to cover how to quickly locate the most recent date of a customer invoice.
Below are some ideal times to use the “Top Records” extraction feature within the IDEA® platform:
• Top expenses by department
• Top vendors by year
• Top payees by department
• Top sales
• Define fields by day of the week, weekends, and holidays
• Unit price per material code, location by month, or unit of measure
• Expense with unusual references
For this demonstration, we are using “Sample-Detailed Sales.IMD” file from the Samples Project Folder automatically installed with IDEA®
We’re here to help you put data analytics to work with support every step of the way!
Please contact our experts via the Help Desk for assistance utilizing any of IDEA’s features or functions.