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Ideagen Internal Audit

Ideagen Internal Audit
Formerly Pentana Audit

Overview

What is Ideagen Internal Audit?

Ideagen Internal Audit (formerly known as Pentana Audit) is a SaaS or on-premise platform that gives users oversight and control of internal audit activity. It is used to limit a company’s exposure to risk, and to provide assurance through a…

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Recent Reviews

TrustRadius Insights

Pentana Audit, formerly known as MKInsight, has been utilized by Bank Dhofar for the past seven years. This comprehensive software is used …
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Pricing

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What is Ideagen Internal Audit?

Ideagen Internal Audit (formerly known as Pentana Audit) is a SaaS or on-premise platform that gives users oversight and control of internal audit activity. It is used to limit a company’s exposure to risk, and to provide assurance through a complete audit management workflow.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Demos

Ideagen Internal Audit | Effective planning with real-time reporting

YouTube
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Product Details

What is Ideagen Internal Audit?

Ideagen Internal Audit (formerly known as Pentana Audit) is software that connects everyone and everything in an organization's audit universe. The solution boasts users among 10,000 auditors for the delivery of real-time assurance, with total oversight and control over internal audit activity. Purpose-built for internal auditors, Ideagen’s platform (delivered as SaaS or on premise) is used to deliver the entire audit lifecycle. It gives auditors the tools to showcase their expertise and engage positively with stakeholders, while cutting the time spent managing systems and chasing updates. Enterprise risk data can be integrated into Ideagen Internal Audit for a complete, real-time view of the risk landscape. This enables audit teams to focus their plans and resources on the issues that really matter, and helps the three lines to co-ordinate effectively.

Internal audit teams can manage the time, resources, plans, and actions that are needed to execute annual audit plans and SOX work. Every audit is completed to the same standard and methodology so that reporting becomes more consistent. This is supported by a central library of objectives, risks and tests that are easy to access and update.

Live data and automated workflows speed up the reporting process, and help audit teams drive the execution of remediation activities. As trusted advisors, the software helps internal audit teams to be confident that their assurance is always timely and based on accurate insights.

Wherever a business operates, and no matter how complex the location's risk landscape, Ideagen helps organizations to comply with all the standards and regulations that govern businesses, including SOX, ISO, ESG and COSO.

Ideagen Internal Audit Features

Monitoring Tasks Features

  • Supported: Automated alerts and notifications

Reporting Features

  • Supported: Performance data reports
  • Supported: Customizable reporting
  • Supported: Data visualization
  • Supported: Risk analysis

Security Features

  • Supported: Data backup and recovery

Additional Features

  • Supported: Audit Planning and Execution
  • Supported: Workflow Management
  • Supported: Compliance Management
  • Supported: Incident Management
  • Supported: Action Management
  • Supported: Time and Resource Management

Ideagen Internal Audit Video

How Ideagen Internal Audit has benefited Ideagen customers

Ideagen Internal Audit Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows
Mobile ApplicationNo
Supported CountriesGlobal
Supported LanguagesGerman, English, French, Italian, Spanish
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Comparisons

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Reviews and Ratings

(1)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Pentana Audit, formerly known as MKInsight, has been utilized by Bank Dhofar for the past seven years. This comprehensive software is used by the entire bank to effectively track compliance and ensure regulatory requirements are met. The internal audit team specifically relies on Pentana Audit to conduct thorough audits.

One of the key benefits of this software is its centralized tracking capabilities, which allow users to access important information at any time. With Pentana Audit available 24x7, users appreciate the convenience of being able to review the latest updates and notes. This enables them to stay informed and make well-informed decisions based on the most recent comments made by other users. Overall, Pentana Audit has proven to be an invaluable tool for Bank Dhofar in achieving their compliance goals and facilitating efficient auditing processes.

Centralized Database: Several users have praised the product for its centralized database, which has allowed for easy access to important business and audit information. This feature has been appreciated by many reviewers as it provides convenience and efficiency in retrieving necessary data.

24x7 Availability: Many customers have commended the product's 24x7 availability, highlighting its flexibility and accessibility at any time of the day. This aspect has proven valuable for businesses operating in different time zones or for users who require access outside regular working hours.

Risk Assessment Capabilities: The product's robust risk assessment capabilities have received positive feedback from a number of reviewers. These functionalities enable businesses to evaluate and manage risks effectively, empowering them to identify potential threats and vulnerabilities, ultimately enhancing their operations' security and resilience.

Usability: Several users have expressed dissatisfaction with the usability of the Dashboard Reports feature. They have mentioned that the current system, which tags reports with audit dates instead of the audit plan, is confusing and inefficient. Lack of alert notifications: Some users have pointed out the absence of alert notifications in the Dashboard Reports feature. This lack of functionality makes it difficult for users to stay updated on important information or changes. Overall functionality and user experience: The majority of reviewers have shared their disappointment with the overall functionality and user experience provided by the Dashboard Reports feature. They feel that it falls short in terms of meeting their needs and expectations, making it less effective and enjoyable to use.

Users commonly recommend the following three actions when considering Pentana. First, it is important to understand the offering and goals of the business before considering Pentana. This recommendation emphasizes the importance of aligning the software with the organization's objectives. Second, users suggest determining the current and future needs of the audit team to better understand the capabilities of the software. By evaluating how Pentana can support and enhance audit processes in both the present and future, users can make informed decisions. Lastly, users advise reaching out to the Account Executive for knowledge and connections. Leveraging the expertise and network of the Account Executive can provide valuable insights into Pentana's features and potential benefits. Additionally, users find Pentana useful for monitoring and improving audit processes. By utilizing its capabilities, users have been able to track performance, identify areas for improvement, and enhance overall efficiency in their auditing activities.

Attribute Ratings

Reviews

(1-1 of 1)
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November 02, 2020

Pentana Audit

Score 8 out of 10
Vetted Review
Verified User
Incentivized

Bank Dhofar was using MKInsight [for] 7 years. However, after recent merger [of] MorganKai & Ideagen, name has been changed to Pentana Audit.

Pentana is being used by [the] whole bank for compliance tracking, and Internal Audit is using from audit perspective.

Centralized tracking and available 24x7 with the latest updates notes to see / respond based on the last comments.

  • Centralized database.
  • 24x7 availability to business and audit.
  • Risk assessment.
  • Dashboard Reports.
  • Reports to be tagged with audit plan instead of audit dates.
  • Alert notification.
Easy to use and can be customized at certain level[s] based on the organizational requirements. Availability of customized report[s] and metadata to be included in the report generation. Comprehensive risk assessment module and questionnaire tracking for the audit feedback. Centralized directory to store the data and share across the audit department or with specific auditor.
  • Ease of tracking.
  • Availability of historic data anytime.
  • Audit trail of the whole audit.
Easy to use and reliable, and audit and business users are extensively using the system.
Pentana Audit team is very much supporting and have centralized ticketing system with trail of correspondence for the resolution of the issue. Follow-up emails, WebEx session to understand the real issue and provide the appropriate solution timely.
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