MindBridge Platform vs. SAP Audit Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MindBridge Platform
Score 9.2 out of 10
N/A
MindBridge Ai Auditor is an AI powered auditing & financial risk assessment platform, from the company of the same name in Ottawa.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
MindBridge PlatformSAP Audit Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MindBridge PlatformSAP Audit Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Community Pulse
MindBridge PlatformSAP Audit Management
Top Pros
Top Cons
Features
MindBridge PlatformSAP Audit Management
Monitoring Tasks
Comparison of Monitoring Tasks features of Product A and Product B
MindBridge Platform
-
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
MindBridge Platform
-
Ratings
SAP Audit Management
9.0
1 Ratings
6% 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
MindBridge Platform
-
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
MindBridge Platform
-
Ratings
SAP Audit Management
8.7
1 Ratings
14% 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
MindBridge PlatformSAP 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
FloQast
FloQast
Score 9.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MindBridge PlatformSAP Audit Management
Likelihood to Recommend
9.2
(5 ratings)
10.0
(4 ratings)
Usability
9.0
(1 ratings)
-
(0 ratings)
Support Rating
10.0
(1 ratings)
8.5
(2 ratings)
User Testimonials
MindBridge PlatformSAP Audit Management
Likelihood to Recommend
MindBridge
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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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
MindBridge
  • 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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SAP
  • Project management
  • Risk assessment and management
  • Streamlining internal auditing
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Cons
MindBridge
  • 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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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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Usability
MindBridge
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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SAP
No answers on this topic
Support Rating
MindBridge
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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SAP
Considering we use it in biweekly or monthly basis - the product runs very well in every aspect.
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Alternatives Considered
MindBridge
We did not consider any other similar products.
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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
MindBridge
  • Increased efficiency
  • Better quality audits performed
  • Coming to more reasoned conclusions that are supported by data
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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

MindBridge Platform Screenshots

Screenshot of MindBridge Ai Auditor DashboardScreenshot of Risk by Account Report