CaseWare IDEA vs SAP Audit Management

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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SAP Audit Management is the absolute best software available for large, multi-national companies that have dedicated internal audit resources. Further, due to the implementation costs, I would only recommend a company to be serious about purchasing this software if external audit expenses were upwards of $2 million per annum. Also, better suited for an organization that already has solid audit procedures in place but wants to integrate them and increase audit efficiency. A company starting from scratch would not value this particular software as much because integration becomes less important in that scenario.

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Jeff Looby, CPA

Associate

Credit SuisseBanking, 10,001+ 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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Integration with SAP Risk Management, SAP Process Control, and Access Control.
Simple user interference and drag and drop option
Both on-premise or cloud deployment option

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Verified User

Professional in Information Technology

Automotive Company, 10,001+ 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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New users may sometimes find it complicated getting used to it which requires training tutorials - definitely not the basic ones.

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İhsan Akkarpuz

STA Site Engineer (CV Car, B Car, Cargo, Engine, Transmission)

Ford OtosanAutomotive, 10,001+ employees

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Pricing Details

General

Free Trial

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Free/Freemium Version

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Premium Consulting/Integration Services

—

Entry-level set up fee?

No

Starting Price

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General

Free Trial

—

Free/Freemium Version

—

Premium Consulting/Integration Services

—

Entry-level set up fee?

No

Starting Price

—

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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SAP Audit Management 8.5

Based on 4 answers

This tool helps internal auditors for scoping, risk assessment, resource management, and project management of internal audits. Due to the streamlining and automated audit process, it lowers audit cost and time for auditing. This can be integrated with analytics tools for risk analytics and make KPI of higher management. Issue tracking, audit, and log report generation are very simple.

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Verified User

Professional in Information Technology

Automotive Company, 10,001+ 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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I wouldn't say there is a true peer to SAP Audit Management currently available on the market. SAP Audit Management is the only software that is. It is designed by and developed for audit practitioners across the world. Further, the software unlocks the disparate information for Internal Audit departments and supports audit experts in their day-to-day activities with an easy to use. collaborative, and risk-based approach towards audit procedures.

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Jeff Looby, CPA

Associate

Credit SuisseBanking, 10,001+ 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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SAP product aids in following up on the assignments of our annual MSA audits.
The user-friendly interface makes our meetings more efficient and saves time.

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İhsan Akkarpuz

STA Site Engineer (CV Car, B Car, Cargo, Engine, Transmission)

Ford OtosanAutomotive, 10,001+ employees

View all 3 answers on this topic

CaseWare IDEA vs SAP Audit Management

CaseWare IDEA

SAP Audit Management

Attribute Ratings

Likelihood to Recommend

CaseWare IDEA

SAP Audit Management

Support Rating

CaseWare IDEA

SAP Audit Management

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

Support Rating

Alternatives Considered

Return on Investment

Add comparison