SAI360 vs. SAP Audit Management

The usage of ROAM, as well as the integration of external programmes through API and import functions, has almost reduced duplication of work. One thing to keep in mind is that your use cases must be very clear. There are a lot of SAI solutions, and their titles don't always correspond to what they actually perform.

Incentivized

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.

Incentivized

• Customized unified design platform
• Modules that fit your organization
• Low technology involvement with information department.
• Built on foundational platforms some bidirectional in the ERM framework with TPRM contracts
• Single sign-on web-based applications

Incentivized

• Project management
• Risk assessment and management
• Streamlining internal auditing

Incentivized

• Reporting
• Legacy modules (i.e. tasks)
• Look and feel
• Intuitive UI

• Limitation only audit SAP system if organization using other ERP system they may need separate audit management tool.
• Expensive for small organization

Incentivized

Overall it is a very versatile system that does help to keep our processes automated and secure. We are able to streamline our day to day activities.

Incentivized

Considering we use it in biweekly or monthly basis - the product runs very well in every aspect.

Incentivized

Archer was very similar to SAI360 in cost and features. Has a more modern look and feel and more task functionality. The price point was very similar. Didn't choose them as our existing usage is in an On-Prem version and support from our in-house IT team was not able to be obtained. MetricStream was very modern looking with an intuitive UI. Appeared to have all the features with a number of additional bells and whistles. The price point was far above our budget and we could not get approval to move them to the RFP.

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.

Incentivized

• The system is costly for the initial setup
• Does help to mitigate risk and keep the vendors and internal departments from becoming non-compliant.
• One license for all users
• Easy to manage employee's security access

Incentivized

• 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

Incentivized