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.
Read full review 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.
Read full review 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. Read full review Project management Risk assessment and management Streamlining internal auditing Read full review Cons Bit of a learning curve for the advanced features as a beginner. Read full review Limitation only audit SAP system if organization using other ERP system they may need separate audit management tool. Expensive for small organization Read full review Support Rating 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.
Read full review Considering we use it in biweekly or monthly basis - the product runs very well in every aspect.
Ä°hsan Akkarpuz STA Site Engineer (CV Car, B Car, Cargo, Engine, Transmission)
Read full review 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.
Read full review 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.
Read full review 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. Read full review 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 Read full review ScreenShots