Home - Everything Else - Top 7 Audit Management Software To Explore
Top 7 audit management software to explore

Top 7 audit management software to explore

Internal audits are information-heavy in nature. This is especially true for medium-sized and larger organizations, where several transactions take place daily. Human auditors are likely to be overwhelmed with such data overload, which is why companies use audit management software tools. The tools ensure the smooth implementation of audit tasks. There are many tools available when it comes to audit management and task implementation. Here are some of the best ones:

ACL GRC
This is one of the most robust and reliable audit management software tools. ACL GRC is useful for companies that take a comprehensive approach to risk management and auditing, all while ensuring that regulatory audit compliance is maintained. This tool can do it all – risk management, planning, execution, reporting, and process verification. In that sense, it is truly an all-round audit software that companies can purchase. Many of the top organizations in the world use this audit management software tool as it makes the audit process more transparent, strengthens overall governance practices on a company-wide level, and streamlines audit workflows.

Some of the key features of this tool include active risk assessment, simplified audit planning, reporting and analytics, workflow automation for reduced human error and task completion time, and compliance management protocols. However, the tool does come with some drawbacks. For instance, its complex nature can make it difficult for a new user to master all its functionalities. Also, this tool makes it necessary for companies to have substantial hardware resources in place, making its implementation costly.

AuditBoard
Unlike many other entries on this list, AuditBoard is a cloud-based audit management software system. Despite its lack of in-house infrastructure for organizations, this tool is adept at combining risk detection and management, auditing, and compliance functionalities. Additionally, this tool also provides a unified platform for easy integration of all these functions in one place for companies and their employees.

It has an incredibly intuitive, visually alluring, and easy-to-use user interface. As a result, this tool makes it easy for different departments of the audit committee in organizations to collaborate, streamline data exchange, and have a transparent audit framework for every player involved.

Some of the key features of this tool include workflow automation, real-time audit analytics, document management to make operations paper-free, active risk assessment capabilities, and a unified platform for managing all the audit work in one place.

Workiva
Workiva prioritizes transparency in the audit process from start to finish. As a result, this tool comes with an extensive array of data collection and documentation capabilities so that companies can have full disclosure of financial and non-financial data whenever necessary. Like the previous tool, this one is also cloud-based and excels in simplifying complex reporting and disclosure challenges that come with making audits for businesses.

This tool is perfect for accounting purposes and companies in the financial services sector. This software is commonly used by accountants and financial reporting managers.

TeamMate+
For companies looking to buy end-to-end audit management tools, TeamMate+ is the perfect solution. This tool effortlessly helps audit leaders and auditors in companies execute workflows and manage the various verification processes in a hyper-quick time. Like all the best audit management software tools, this enables the integration of multiple critical business systems and information to provide comprehensive data-driven analysis and make complex auditing and reporting operations quick and, essentially, a breeze. This tool’s intuitive user interface makes it a proven winner for organizations from diverse ecosystems such as financial services, local government work, educational spectrum, and every sector in between.

Netwrix Auditor
Many tech experts recommend Netwrix Auditor to companies seeking the best IT auditing tool available. This tool was designed to detect security threats, assist IT teams in maintaining stable deployments, and ensure compliance. Unlike many other complex, premium, and highly fancy tools on the market, this one has a simple, straightforward, no-frills interface that is easy to use, even for novice users.

Some of the standout features of this tool include a unified and centralized data collection capability that lets companies reduce the time needed to compile data from different sources, the predefined reports mapped out to comply with industry auditing standards and rules, and integration with a wide range of tools such as SQL Server, Azure AD, and Microsoft 365.

MetricStream
For businesses seeking the best tools for governance, risk, and compliance features, MetricStream ticks all the boxes perfectly. This is a perfect governance, risk, and compliance (GRC) software solution with a connected product line that facilitates business GRC, ES GRC (environmental, social, and corporate GRC), and seamless internal audit management. Apart from being an outstanding audit management tool, this software system also provides risk management, compliance, and governance for IT operations and business operations.

Archer
Like many of the tools listed here, Archer is also a useful allrounder of an audit management system for companies looking to streamline their auditing, reporting, compliance management, document management, supplier management, and complaint management all in one unified, hyper-intuitive space. This tool has an easy-to-use user interface and can perform complex tasks effortlessly with minimal usage of resources and minimal hardware requirements.

Some of the other incredible audit management tools out there include Qualio, Compliance Checkpoint, and AuditDesktop.

Latest Articles

8 Healthy and Filling Snack Ideas for Kids
Health

8 Healthy and Filling Snack Ideas for Kids

When hunger strikes between meals, it’s important to have healthy and satisfying snacks, especially for growing kids. The stores are flooded with packaged snack options that are tempting and convenient to buy, but most of them contain high sugar levels, empty calories, and add no nutritional value. Instead, one can opt for one of the following snacking options: easy to make, highly flavorful, and provide numerous benefits that boost a child’s development. Crunchy vegetables and hummus Vegetables are another great snack choice, providing essential vitamins and minerals. For example, one can opt for crunchy vegetables like carrot sticks, cucumber slices, bell pepper strips, and cherry tomatoes. Pairing them with a healthy dip such as hummus or yogurt-based dressings can make them more appealing to kids and boost their overall health and energy levels. Yogurt Yogurt is a versatile snack packed with calcium, protein, and probiotics. The live bacteria in the product are highly beneficial for digestion. Packed with nutrients, yogurt is a supportive and tasty snack for developing and strengthening kids’ bones. One should choose plain, unsweetened yogurt and add natural sweetness by mixing fresh fruits or a drizzle of honey. One should avoid store-bought sweetened or flavored yogurt since these products contain high sugar levels. Alternatively, one can freeze yogurt in popsicle molds for a refreshing treat during warmer months. Yogurt may not be advisable, however, for infants below twelve months. Popcorn Another healthy choice for a quick snack is popcorn. This fun and crunchy snack can be ideal for movie night or after-school treats as it is nutritious whole grain rich in fiber. It can also help regulate bowel movements and is rich in antioxidants and low in bad cholesterol. One can drizzle some low-fat butter or cheese on top to make it tastier. Avoid adding too many unhealthy toppings.
17 Healthy Foods for Seniors
Health

17 Healthy Foods for Seniors

To support healthy aging, it is important to prioritize nutrition and lifestyle. Eating well-balanced meals can help one stay energized, get all the nutrients required for performing daily activities, and reduce the risk of chronic health conditions such as heart disease and diabetes. On the other hand, malnutrition can weaken the muscles and bones and leave one vulnerable to diseases. To avoid this, here are some healthy foods seniors must eat regularly. Fatty fish Fatty fish such as salmon, tuna, and mackerel are a great source of proteins and omega-3 fatty acids, which can help protect the body from cardiovascular conditions. Seniors must try to add fatty fish to their meals at least two times a week to improve their health. Those who do not enjoy the flavor of fish may also consider omega-3 fish oil supplements. Skinless poultry Skinless poultry, also known as lean meats, is a great source of protein for seniors. Cuts of chicken and turkey can be prepared with herbs and spices as low-sodium meals, especially for seniors with high blood pressure. Eggs Egg whites are also a great source of protein and heart-healthy nutrients for elders. However, the yolks are rich in cholesterol, so, preparing eggs carefully and eating them in moderation can help seniors boost their health. Dairy products Dairy products are a great source of nutrients, especially calcium and vitamin D. Yogurt is an important probiotic that can help protect the gut biome. However, opt for reduced-fat or skimmed milk options to reduce the consumption of unhealthy fats. Also, avoid buying flavored dairy products as these often contain added sugars and preservatives. Walnuts Walnuts are another excellent source of omega-3 fatty acids, especially for vegans and vegetarians. They are a rich source of fiber and help protect heart health. Almonds Rich in unsaturated fats, almonds can help lower bad cholesterol (LDL) levels, making them a healthy snack or additive to meals.
8 Gardening Mistakes and Ways to Avoid Them
Everything Else

8 Gardening Mistakes and Ways to Avoid Them

Transforming your backyard can be an exciting project. You could create a hangout spot, install sculptures, or even add a garden. However, adding plants to a backyard can require considerable time and effort. If you are taking up gardening for the first time, you do not want to miss key steps that affect the look of the space. So, to help you get started, here are a few gardening mistakes and how to avoid them: Planting excessively You may spend immense amounts of time scrolling through seed catalogs and looking forward to fresh vegetables and sometimes can end up planting too much. A big garden may require a lot of effort and can become overwhelming. So, if you have just taken up gardening, start small. First, shortlist your five favorite vegetables and herbs, and grow them. As you have some success with these plants, introduce new seeds to the space to gradually expand the garden space. Planting too early Seeds require an optimum temperature to sprout and grow. If some seeds thrive in warmer temperatures, the yield may freeze and die if you try to grow them in spring. The seed may also rot without sprouting. So, you must check what climates are suitable for each type before spreading them across the garden. One of the best ways to avoid planting earlier than required is to buy a good soil thermometer and note the usual first and last frost dates in your area to avoid this period for starting a garden. Overlooking the soil type Another mistake to avoid is planting seeds without checking whether the soil is loamy. If your backyard does not have loamy soil—rich in silt, clay, sand, and organic matter—the seeds will get sufficient nourishment, and the saplings may grow weak and perish quickly. So, before you start a garden, ensure you amend the soil to make it ideal for plant growth.