Case Study: Stanford University achieves $480K+ annual savings and protects $800M in research spending with ACL

Stanford University - Customer Case Study

Stanford University, a large research and teaching institution with hundreds of externally sponsored projects and a complex, decentralized finance environment, needed a way to ensure federal and donor compliance, strengthen internal controls across thousands of staff with signing authority, and stop revenue leakage from duplicate payments and disparate accounting systems.

For more than a decade Stanford’s Internal Audit and Accounts Payable teams have used ACL data analysis to examine 100% of payment records, pinpoint duplicate payments (about $40K/month, roughly $480K/year), track over $800M in sponsor-regulated expenditures to the transaction level, detect and eliminate an ERP security bug, and expand continuous monitoring across AP, payroll, purchasing and petty cash to improve compliance and recover funds.

Stanford University

Steven Jung

Director of Internal Audit