CaseWare IDEA vs. SAP Audit Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
CaseWare IDEA
Score 9.0 out of 10
N/A
CaseWare in Ontario offers IDEA, a data analysis and data extraction tool supporting audit processes. The vendor states IDEA integrates with various solutions to make obtaining and exporting data easy, such as SAP solutions, accounting packages, CRM systems and other enterprise solutions for a single version of the truth.N/A
SAP Audit Management
Score 9.3 out of 10
N/A
SAP Audit Management streamlines internal audit activities with mobile capabilities. The product enables documentation of evidence, organization of work papers, and creation of audit reports. It can be deployed on premises or in the cloud.N/A
Pricing
CaseWare IDEASAP Audit Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
CaseWare IDEASAP Audit Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
CaseWare IDEASAP Audit Management
Monitoring Tasks
Comparison of Monitoring Tasks features of Product A and Product B
CaseWare IDEA
-
Ratings
SAP Audit Management
10.0
1 Ratings
18% above category average
Remote monitoring00 Ratings10.01 Ratings
Network device monitoring00 Ratings10.01 Ratings
Multiple Server Monitoring00 Ratings10.01 Ratings
Multi-device monitoring00 Ratings10.01 Ratings
Automated alerts and notifications00 Ratings10.01 Ratings
Management Tasks
Comparison of Management Tasks features of Product A and Product B
CaseWare IDEA
-
Ratings
SAP Audit Management
9.0
1 Ratings
7% above category average
Patch Management00 Ratings10.01 Ratings
Service configuration management00 Ratings9.01 Ratings
Software and hardware inventory00 Ratings8.01 Ratings
Policy-based automation00 Ratings9.01 Ratings
Reporting
Comparison of Reporting features of Product A and Product B
CaseWare IDEA
-
Ratings
SAP Audit Management
10.0
1 Ratings
19% above category average
Performance data reports00 Ratings10.01 Ratings
Customizable reporting00 Ratings10.01 Ratings
Data visualization00 Ratings10.01 Ratings
Risk analysis00 Ratings10.01 Ratings
Security
Comparison of Security features of Product A and Product B
CaseWare IDEA
-
Ratings
SAP Audit Management
8.7
1 Ratings
13% above category average
Data backup and recovery00 Ratings9.01 Ratings
Antivirus and malware management00 Ratings7.01 Ratings
Administrator access control00 Ratings10.01 Ratings
Best Alternatives
CaseWare IDEASAP Audit Management
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
FloQast
FloQast
Score 9.3 out of 10
FloQast
FloQast
Score 9.3 out of 10
Enterprises
FloQast
FloQast
Score 9.3 out of 10
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Score 9.3 out of 10
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User Ratings
CaseWare IDEASAP Audit Management
Likelihood to Recommend
8.3
(2 ratings)
10.0
(4 ratings)
Support Rating
9.0
(1 ratings)
8.5
(2 ratings)
User Testimonials
CaseWare IDEASAP Audit Management
Likelihood to Recommend
CaseWare International
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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SAP
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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Pros
CaseWare International
  • 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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SAP
  • Project management
  • Risk assessment and management
  • Streamlining internal auditing
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Cons
CaseWare International
  • Bit of a learning curve for the advanced features as a beginner.
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SAP
  • Limitation only audit SAP system if organization using other ERP system they may need separate audit management tool.
  • Expensive for small organization
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Support Rating
CaseWare International
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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SAP
Considering we use it in biweekly or monthly basis - the product runs very well in every aspect.
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Alternatives Considered
CaseWare International
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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SAP
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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Return on Investment
CaseWare International
  • 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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SAP
  • Has significantly minimized external audit fees for the time our organization has used it
  • Has helped meet all the customer-specific requirements highlighted in it's checklist for the time we have used it
  • It has integrated numerous audit functions including risk management, access control, and process control
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ScreenShots