Looking for the best Audit Management Software? then you’ve come to the right place!
Audit management software is a specialized type of business software designed to help organizations manage and track their internal audit processes. This type of software typically includes features for managing audit schedules, tracking audit findings, documenting corrective actions, reporting results, and generating reports.
Audit management software can be used by both internal auditors as well as external auditing firms to ensure compliance with industry regulations and standards.
Additionally, many types of audit management systems also have features that enable the organization to track performance metrics over time in order to identify areas where improvement may be needed.
By utilizing this type of technology, businesses can become more efficient when it comes to managing audits while also ensuring that they are compliant with applicable laws and regulations.
We’ve compiled a list of the top options on the market, so you can find the perfect one for your needs.
Here are our top picks for Audit Management Software
1. AuditBoard
AuditBoard’s risk platform is designed to help teams work together more effectively, engage with business stakeholders, and leverage risk as a strategic driver.
The platform is centered around a unified data core that collects and organizes information on risks, controls, policies, frameworks, issues, and more.
The data core is surrounded by powerful platform capabilities like collaboration, automation, a robust workflow engine, business intelligence, and a highly extensible integration layer.
These capabilities provide a strong foundation for AuditBoard’s award-winning applications, including RiskOversight, CrossComply, SOXHUB, OpsAudit, ESG, and TPRM.
2. Workiva
Workiva is on a mission to power transparent reporting for a better world.
We build and deliver the world’s leading regulatory, financial, and ESG reporting solutions to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data.
Our cloud-based platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency.
3. Laika
Laika provides a comprehensive solution for building and managing your information security compliance program.
It is designed to make the process fast, efficient, and affordable so that compliance will never be an obstacle to innovation.
The easy onboarding process makes getting started with Laika a breeze – you can begin automating vendor discovery in minutes.
Plus it has built-in penetration testing that allows you to easily verify your security posture whenever necessary.
With automated evidence gathering & Laika’s integrated audit partner you won’t need to worry about breezing through audits ever again!
And if you ever find yourself stuck or needing help along the way – don’t worry! Laika’s experts are available 24/7 offering unparalleled support & guidance so that you can implement a compliance program that actually increases your overall security posture
4. Fastpath (no longer Fastpath Assure)
Fastpath is designed to help organizations quickly and efficiently manage access governance and security processes.
With its cloud-based platform, Fastpath can be easily customized and deployed with minimal effort, allowing organizations to gain value right away.
It works with all major enterprise software systems in multi-site, multi-application environments so that organizations can identify, quantify, and manage data access risks confidently.
In addition to helping businesses make informed decisions strategically while staying secure and compliant, Fastpath also integrates out of the box with custom-made software to provide insight into potential security risks.
The implementation process is fast and easy, requiring no expensive customization, resulting in an immediate return on investment (ROI).
Automation tasks like onboarding or testing/proving controls can be frictionless as well as efficient due to the ease of use for teams who need quick results without wasting time or resources.
5. Ncontracts
Ncontracts is a great audit management software for financial institutions that are looking to move away from manual processes in order to better manage risk and compliance.
With Ncontracts, departments can easily communicate and collaborate, reducing the chances of incurring fines or penalties due to inadequate efforts.
Plus, customers have access to integrated solutions covering all aspects of risk management including enterprise risk, vendor management, business continuity planning, compliance assessments, audit reviews, and findings documentation as well as cybersecurity initiatives.
Customers have the option of choosing individual modules for specific needs or using a complete enterprise risk management system.
Either way, these features make it easier than ever before for financial institutions to stay on top of their auditing obligations while also ensuring that risks are properly managed.
6. Pulse
Pulse is a cloud-based software that helps businesses with their EHS compliance and quality control goals by digitizing inspections.
The mobile app of Pulse also works offline and ensures that all inspections are streamlined and real-time data gained from them are insightful for future policies.
The reports generated on Pulse help organizations empower employees for smart action planning and overall safety management culture.
7. Strike Graph
Strike Graph is a software solution that helps companies simplify security certifications like SOC 2, HIPAA, and ISO 27001.
These certifications can improve revenue for B2B companies. Strike Graph’s platform allows companies to quickly deploy a risk-driven Security & Compliance program.
Strike Graph automatically collects evidence for auditor review via API-driven integration to common business systems and infrastructure.
This can help companies pass audits faster, create trust, and close enterprise deals more efficiently.
8. LogicGate Risk Cloud
Risk Cloud is a Governance, Risk, and Compliance (GRC) platform that offers organizations the flexibility to tailor their risk management solutions according to their ever-changing needs.
It has a comprehensive suite of applications that enable risk professionals to easily create, update, and communicate an effective risk strategy across their organization.
The user-friendly interface allows for easy navigation between different sections of the software so users can quickly access relevant data or set up alerts on potential risks.
Furthermore, the software’s scalability makes it suitable for businesses of any size as they grow over time and its compliance features ensure that companies remain in line with industry regulations throughout the process.
9. EASE
EASE is the best mobile platform for administering, conducting, and analyzing plant floor audits.
With features like reduced audit time/cost, a tailored user experience for plant floor audits, native support for layered process audits (LPAs), customizable dashboards/reporting, and scheduling by layer, it offers powerful insights with simple and efficient features. It also includes mobile auditing (iOS/Android) with advanced offline support and picture annotations.
10. Diligent HighBond
Diligent HighBond is the ultimate solution for organizations looking to strengthen their governance practices.
This software leverages powerful analytics, robotic process automation, and industry data to provide board members and c-suite executives with relevant insights about risk, compliance, audit, and ESG.
With this single source of truth at hand, leaders can make better decisions based on a holistic view of their organization.
Additionally, Diligent HighBond provides a platform where leaders can securely collaborate in order to meaningfully modernize their governance practices.
11. Pentana Audit
Ideagen’s audit management software is scalable and can be customized to fit any organization’s needs.
Audit universes can be designed to specific specifications, and work can be planned and scheduled according to the organization’s methodology.
Centralizing work papers and creating standard and custom reports is possible within the system.
Risk and control assessments can be carried out to a consistent framework in line with industry standards, and risk levels can be monitored via dynamic matrices and heat maps.
A library of standard objectives, risks, controls, and tests is available for full control.
12. TeamMate+
TeamMate+ offers organizations worldwide the tools to identify risk, manage audits, and allocate resources.
It features customizable reporting capabilities, automated notifications for improved communication between stakeholders, advanced search functionality, and secure file-sharing options with third-party integrations like Microsoft Office 365 & SharePoint Online.
Rest assured knowing TeamMate+ has you covered.