CaseWare IDEA vs MindBridge Platform

Likelihood to Recommend

One example of specific scenario in [CaseWare] IDEA is the ability to run samples separately and then based off of the results, compare and contrast the values recorded and easily discern if there are any variables or discrepancies within the data itself. Also, we can test journal entries with certain parameters to check the audit for any issues that may arise pertaining to the criteria. By testing, we are able to make sure the data is accurate and sufficient.

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Verified User

Technician in Customer Service

Accounting Company, 1001-5000 employees

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MindBridge [Platform] is an excellent tool to use to gain additional comfort over client's data. The key areas it helps with are analytical procedure risk and inherent risk, but depending on the data you have, it can also be able to assess control risk to a degree. It's a very malleable tool that can be made to fit your client, however, it does require upfront work (as the implementation of any new technology would). The tool may not be scalable for audit work that is very low-risk and requires little hour input in the first place as it may add more hours in the long-run than the normal audit would incur. Our team has used these low-risk audits in our implementation, however, to corroborate the results we get, which we felt has helped us achieve our successes with the tool.

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Verified User

Employee in Finance and Accounting

Accounting Company, 51-200 employees

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Pros

Easy to understand and easy to use.
Can use on large quantities of data and quickly analyze them.
Uses logic that can be followed if one is an auditor. I, for example, could understand the logic in a number of samples, i.e how the number of samples thrown changes when risk changes from low to moderate in proportion taking in consideration the materiality.
Other audit firms are using 2 software for the process that IDEA alone can do. So IDEA has a definite advantage here.
Customizable by the company.

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Verified User

Employee in Finance and Accounting

Financial Services Company, 10,001+ employees

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Using the output from MB AI we have been able to reduce the inherent risk and analytical procedures risk assessments in our audits which have reduced our substantive testing sample sizes.
The output from MB AI allows us to focus on the medium risk and high risk transactions that were recorded in the general ledger during the year.
Our younger, more technologically advanced team members really enjoy working with MB AI.

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scott young

Senior Audit Partner

Wright Ford Young & Co.Accounting, 51-200 employees

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Cons

Bit of a learning curve for the advanced features as a beginner.

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Verified User

Technician in Customer Service

Accounting Company, 1001-5000 employees

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It needs to have a deliverable Risk Analysis report, something that can be exported to a PDF and delivered to clients.
Accounts receivable and payable analysis needs to be able to handle tiered customers and vendors.
Exporting to PDF should be a feature. Works great for Excel.
Needs forecasting capability in order for us to use for review engagements.
Needs the ability to compare client to industry ratings.

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Samantha Bowling, CPA CGMA

Owner

Garbelman Winslow CPAsAccounting, 11-50 employees

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Pricing Details

General

Free Trial

—

Free/Freemium Version

—

Premium Consulting/Integration Services

—

Entry-level set up fee?

No

Starting Price

—

General

Free Trial

—

Free/Freemium Version

—

Premium Consulting/Integration Services

Yes

Entry-level set up fee?

Required

Starting Price

—

Usability

No score

No answers yet

No answers on this topic

MindBridge Platform 9.0

Based on 1 answer

The only reason I do not give this a 10 is that I would like a deliverable risk report. This would enable me to offer additional services to my non-audit clients.

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Samantha Bowling, CPA CGMA

Owner

Garbelman Winslow CPAsAccounting, 11-50 employees

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Support Rating

CaseWare IDEA 9.0

Based on 1 answer

I would rate it a 9 because I never really needed support on this but if I did, there was the necessary support given promptly.

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Verified User

Employee in Finance and Accounting

Financial Services Company, 10,001+ employees

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MindBridge Platform 10.0

Based on 1 answer

My experience with customer support may different since I started using the application early on. I am also providing continuous recommendations for improvement or additional features. They have always been available when I needed them and they actually listen and value my opinion. They have implemented many of our recommendations and asked for our input on possible new features.

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Samantha Bowling, CPA CGMA

Owner

Garbelman Winslow CPAsAccounting, 11-50 employees

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Alternatives Considered

I have used Microstart and would definitely vote for IDEA because IDEA combines what Microstart does with the help of one/more softwares. Where Microstart just gives a number of samples, IDEA selects the number of samples based on materiality, risk, and other factors. It selects those samples from the population leaving out line items that are invalid/ zero. I would prefer using IDEA any day.

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Verified User

Employee in Finance and Accounting

Financial Services Company, 10,001+ employees

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We did not consider any other similar products.

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scott young

Senior Audit Partner

Wright Ford Young & Co.Accounting, 51-200 employees

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Return on Investment

We were able to save time by over 200 billable hours over our last busy season cycle
We saved roughly 12% on costs compared to the last program we used.

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Verified User

Technician in Customer Service

Accounting Company, 1001-5000 employees

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Increased efficiency
Better quality audits performed
Coming to more reasoned conclusions that are supported by data

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Emily Jordan

Audit Supervisor

UHY Hacker YoungAccounting, 201-500 employees

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CaseWare IDEA vs MindBridge Platform

CaseWare IDEA

MindBridge Platform

Attribute Ratings

Likelihood to Recommend

CaseWare IDEA

MindBridge Platform

Usability

CaseWare IDEA

MindBridge Platform

Support Rating

CaseWare IDEA

MindBridge Platform

Pros

Cons

Pricing Details

General

Free Trial

Free/Freemium Version

Premium Consulting/Integration Services

Entry-level set up fee?

Starting Price

General

Free Trial

Free/Freemium Version

Premium Consulting/Integration Services

Entry-level set up fee?

Starting Price

Usability

Support Rating

Alternatives Considered

Return on Investment

Screenshots

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