Name: CaseWare IDEA
Rating: 8.8 (9 reviews)
Author: Caseware International Inc.

Help Desk

Web and Video Conferencing

Customer Support

JavaScript Frameworks

Development

Student Management

Education

Board Management

Business Intelligence (BI)

Collaboration

Data Discovery and Visualization

Enterprise Generative AI

Policy Management

Enterprise

Accounting

Anti-Money Laundering (AML)

Invoicing

Nonprofit Accounting

Payment Hubs

Subscription Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Corporate Volunteering

HR Management

Payroll

Recruitment Agency

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Authorization

Cloud Cost Management

Cloud Migration

Cloud Storage

Computerized Maintenance Management Systems (CMMS)

Data Mapping

Firewall Security Management

Fraud Detection

IT Infrastructure Monitoring

IT Operations Analytics

Integration Platform as a Service (iPaaS)

Managed IT Service

Network Performance Monitoring

Network Troubleshooting

Platform-as-a-Service (PaaS)

Product Implementation Services

Smart Contracts

Tape Storage

Technology Business Management

Workload Automation

Information Technology

A/B Testing

Account-Based Marketing (ABM)

Ad Serving & Retargeting

All-in-One Marketing

Appointment Scheduling

Audio Editing

Brand Intelligence

Content Management

Email Marketing

IP Geolocation

Marketing Automation

Social Media Management

Survey & Forms Building

Virtual Event

Web Analytics

Marketing

Project Management

Professional Services

Cross-Border eCommerce

Customer Relationship Management (CRM)

Headless eCommerce

Intelligent Virtual Assistant

Lead Generation Services

Lead-to-Account Matching and Routing

Sales Acceleration

Sales

Cloud Access Security Brokers

Database Security

Security

Civil Engineering

Hotel Management

Pharmacy

Vertical-Specific

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### Audit and Compliance
Users consistently highlight CaseWare IDEA's audit and compliance features as robust and effective for conducting detailed audit procedures and ensuring compliance with International Standards on Auditing (ISAs). The software's ability to streamline audit engagements, provide in-depth audit working papers, and facilitate the detection of trends and patterns for fraud prevention has garnered positive feedback from users. Additionally, the integration of risk-based sample models and the ease of transferring data from various sources contribute to the software's reputation for enhancing audit processes and overall compliance efforts.

### Accounting and Financial Management
The reviews collectively indicate that users find CaseWare IDEA's accounting and financial management capabilities to be robust and efficient. Users appreciate the software's ability to streamline financial audits, tailor reports to specific needs, and provide valuable insights into trends and patterns. Additionally, the software's integration with Adapt IT and project management features further enhance its utility for financial analysis and reporting. While some users mention minor drawbacks such as limitations in predictive capabilities and trial balance functionalities, overall, CaseWare IDEA seems to be well-regarded for its accounting and financial management functionalities.

### Financial Statements and Trial Balance
While many users appreciate the efficiency and benefits of CaseWare IDEA's financial statements and trial balance functionality, there are some concerns raised regarding specific aspects of these features. The ability to identify duplicate files easily and streamline the auditing process has been highlighted as a significant advantage. However, users have expressed dissatisfaction with certain limitations, such as the trial balance entry hiding account codes and the system's lack of warning for potential synchronization issues. This mixed feedback suggests that while the financial statements and trial balance capabilities of CaseWare IDEA offer valuable tools, there are areas that could be improved to enhance user experience and functionality.

### Data Analysis and Reporting
Users generally praise CaseWare IDEA's data analysis and reporting capabilities based on the positive reviews provided. The software seems to excel in handling large volumes of data efficiently, allowing for in-depth analysis and identification of trends and anomalies. Users appreciate its ability to streamline the audit process by providing comprehensive insights and facilitating tailored audits to meet specific requirements. While some users find minor drawbacks in terms of data import and export functionalities, overall, CaseWare IDEA appears to be a valuable tool for data analysis and reporting tasks.

### Data Mining and Analytics
Users consistently praise CaseWare IDEA's robust data mining and analytics capabilities. They appreciate the software's effectiveness in data cleaning, audit sample design, and selection. Additionally, users find the tool valuable for identifying duplicate files and facilitating the auditing process. The ability to detect trends, patterns, and potential fraud through data analysis is highlighted as a key benefit by reviewers. Despite some minor concerns raised, the overall sentiment towards CaseWare IDEA's data mining and analytics features remains positive and impactful for users in various industries.

### Excel Integration and Data Import
Users appreciate CaseWare IDEA's excel integration for its ability to handle large blocks of data efficiently and its user-friendly interface for quick analysis. However, some users find it challenging to import data from sources outside the predefined options in the program. Despite this limitation, the software offers a wide variety of formats for data import, although some users note that importing and analyzing large datasets can be time-consuming. Additionally, users find the software's capability to easily import various file types and extract specific data based on parameters to be a user-friendly feature.

### Training and Tutorials
User opinions vary widely on the training and tutorials offered by CaseWare IDEA. While some users find the tutorials helpful and emphasize the importance of practice in mastering the software, others express frustration with the steep learning curve and the lackluster quality of the training provided. It seems that a significant investment in training is necessary to fully utilize the capabilities of CaseWare IDEA, with some users suggesting that additional tutorials could enhance user proficiency.

### Software Usability and Efficiency
Users generally appreciate CaseWare IDEA's software for its usability and efficiency features. The software is praised for its user-friendly interface, making tasks such as data analysis and visualization more streamlined and time-efficient. Reviewers highlight that the software's capabilities in enhancing operational efficiency and simplifying complex accounting processes have been instrumental in improving their overall workflow. While there may be some minor areas for improvement, the consensus leans towards CaseWare IDEA's software being a valuable tool for professionals in the accounting and auditing fields.

Users of the software have made several recommendations based on their experiences. The most common recommendations include:

- Take advantage of the free video lessons.
- Do not give up if the program seems confusing at first and practice using it.
- Give oneself plenty of time to learn and become familiar with the software due to its learning curve.

Users highly recommend the software and believe it is useful for saving time and being productive in auditing. They also suggest that accountants should learn the software as it can minimize mistakes and lower inherent risk in data sorting. Overall, users find IDEA to be an amazing software that is continually improving and would recommend it to others.

Latest Technology Leveraging: Users appreciate that CasewareIDEA leverages the latest technology, which has been advantageous for business analytics and auditors in the financial industry. Several reviewers have mentioned that this feature allows them to stay up-to-date with industry trends and effectively carry out their tasks.

Seamless Insights in Trends and Patterns: The ability of CasewareIDEA to seamlessly provide key insights in trends and patterns is highly valued by users. Many reviewers mention that this feature enables them to perform tailored financial audits, making their work more efficient and effective.

Easy Data Transfer from Other Sources: Users find it convenient that CasewareIDEA allows for easy data transfer from other sources. This capability has received positive feedback from several reviewers as it saves them time and effort when conducting audits.

Cons:

1. Requires Training: Some users have mentioned that the software requires training to be used to its full capacity, which is expected for advanced business software. It may take some time for users to learn and understand all the features and functionalities of the software.
2. Expensive: Several users have found the software to be expensive. The cost of purchasing and maintaining the software may not be affordable for all businesses.
3. Lack of User Group and Support: Users have expressed concerns about the lack of an established user group for the software, making it difficult to find support or guidance when needed. This can hinder users' ability to troubleshoot issues or seek assistance in using the software effectively.

Users have found that the software enhances their efficiency in conducting audits by providing a comprehensive suite of integrated tools. The software's intuitive interface allows users to extract in-depth reports, making it easy to access the necessary information. It has been valuable in detecting patterns and trends, aiding in fraud detection and identifying redundant data. Users appreciate the features that facilitate a better understanding of audit requirements and help them navigate the audit process. Additionally, the software has proven invaluable in analyzing financial statements, identifying duplicate files, and enabling thorough analysis of entire data sets instead of relying on sampling.

CaseWare IDEA is a data analysis and data extraction tool supporting audit processes. 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.

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CaseWare IDEA

Audit management software supports enterprises, non-profits and agencies in carrying out internal audits according to industry standards and in accordance with any industry, department, or company-specific rules and regulations.

Audit

Likelihood to Recommend

Support Rating

Caseware International Inc.

Monitoring Tasks

Remote monitoring

Monitoring of network operational activities through the use of remote devices known as monitors or probes

Network device monitoring

Monitor the real-time performance and health of devices on your network

Multiple Server Monitoring

Server Monitoring is a process to monitor server's system resources like CPU Usage, Memory Consumption, I/O etc.

Multi-device monitoring

Network device monitoring in real time for any devices on your network

Automated alerts and notifications

System generates alerts and notifications to provide timely intervention if required

Management Tasks

Various tasks required to keep systems running smoothly

Patch Management

Patch management involves acquiring, testing, and installing multiple patches (code changes) to an administered computer system.

Service configuration management

Service configuration management looks at all stages of the service lifecycle in order to provide information about an organization’s performance

Software and hardware inventory

Management of the physical and software from acquisition through disposal.

Policy-based automation

Policy-based management is an administrative approach  used to simplify the system management by drafting rules to deal with common situations

Reporting

Report generation to help with system monitoring tasks

Performance data reports

Standardized reports containing system monitoring data and metrics

Customizable reporting

Administrators can use reporting engine to build custom reports

Data visualization

Ability to produce visualizations to simplify understanding of data

Risk analysis

Indicators of risk factors that need to be addressed

Management of security aspects of system monitoring

Data backup and recovery

Antivirus and malware management

Detection of security risks like malware and viruses

Administrator access control

Management and restriction of user access to specific system assets

Microsoft Dynamics 365

Microsoft Dynamics 365 Business Central

Elite 3E

CaseWare IDEA 2020-12-04 13:34:39

CaseWare IDEA 2020-09-02 12:32:31

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Learning curve

Customization options

Support ticket

Easy to setup

Amounts of data

Customization of reports

Easy to understand

Easy to use

Large quantities

Understand the logic

Home

Audit Software

[CaseWare] IDEA is primarily used within our Audit Department to perform a variety of different task and procedures. [CaseWare] IDEA allows the audit team to customize the parameters to be considered and allows them to tailor directly to the client they are working with. They are able to look at items such as the gross positive/negative or the total amount of population. They are also able to look at different audits performed in the past.

Easy to setup and learn
Ability to calculate and analyze large amounts of data inputted
Customization on a case by case basis

Bit of a learning curve for the advanced features as a beginner.

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.

Thomson Reuters Elite 3E Enterprise Business Management, Microsoft Dynamics 365 Business Central (formerly Dynamics NAV), Microsoft Dynamics 365 (formerly Microsoft Dynamics CRM)

IDEA CaseWare is used by the audit department majorly in sample selection on which audit procedures will be performed. Many parameters could be considered like the materiality, the gross positive/negative or net amount of population, and confidence that we have of any other audit procedures performed, etc. We could run samples separately, and based on audit results, we could compare the audited values with recorded values and find out if any discrepancies were material or not etc., It was also used in data analysis while performing testing of journal entries with line items in thousands. We would input certain criteria that we want to test and would get the results desired, all sorted and presented perfectly.

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.

One would need some training or guide to understand all the functionalities IDEA has to offer.

IDEA definitely had a positive impact on our overall completion of audits. We used IDEA more than 90% of the time to identify samples or analyze data for testing based on various criteria we would set.

CaseWare IDEA

Overview

What is CaseWare IDEA?