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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Diligent One Platform
Score 8.5 out of 10
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Diligent One Platform offers a unified solution for Governance, Risk, and Compliance (GRC) management, providing a comprehensive overview of risks and insights in one place.
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Pricing
CaseWare IDEA
Diligent One Platform
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CaseWare IDEA
Diligent One Platform
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Free/Freemium Version
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Premium Consulting/Integration Services
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Community Pulse
CaseWare IDEA
Diligent One Platform
Considered Both Products
CaseWare IDEA
Verified User
Anonymous
Chose CaseWare IDEA
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 …
Even do I personally did not have previous experience with other solutions, the approach that Diligent One Platform has to show the real risks in the organization, how easy is to manage this information that is complex by definition and the support that gives us to 'create a …
The tool is extremely rigid in its definitions. We tried to implement it for almost a year and nothing happen. One time a team member made a mistake and uploaded a wrong list risks to it was not possible to eliminate any of them we had to take the database down, erase …
Cheaper. We retain diligent due to the cost. The other products have more advanced tools but unfortunately due to overall cost and time to implement we are limited in exploring other options at this time.
Diligent One Platform has better reviews, dashboards, and tracking management. The interface is clean, easy to read, and nicely organized. The reporting tool and tracker management aspect is nicely done. The learning curve is not high since we have users of all levels, from …
It has better reviews than any of the competition and provides more features and dashboards for tracking and monitoring. Though the Initial investment was high, the benefits of compliance, BCP, and risk management helped to make the decision.
We were using an older version of Teammate that was being retired. The new implementation prompted us to reevaluate the legacy platform and see if there were other systems that be simpler and less costly.
Digital one was focused on risk and governance while other tools we reviewed were more generic for data analysis across different use cases. As a heavily regulated industry, we needed a dedicated risk monitoring framework and Digital One helped accomplish that
I'm excited about diligent due to the fact that they provide many tools to support compliance through use of analytics and testing processes. We also use FloQast, for which I'm an advocate for, however I'm not sure they have expanded yet to support analytics and testing. I …
Diligent Highbond stacks up somewhat poorly against our other tools. In addition to what was included above, we use some smaller tools that fulfill many of the gaps left by Diligent Highbond. We have since started to move away from Diligent Highbond. Alteryx is better at …
HighBond is more flexible than Teammate with its workflow, project management, configurability, and reporting capabilities. Teammate was not good at coordinating requests from the business. It did not have good notification features to support project management (review …
It is a powerful tool for analytics and it's easy to use and I like the many features such as issue tracker, a story board. It helps us to streamline the audit process and compliance programs as well in a single platform. This tool will save our organization an incredible …
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.
Board member meetings and discussions around governance, compliance, financial risk analysis, and risk management. The sharing of confidential documents is very secure and well-suited to use. The security of discussion is a great feature among members and leadership. Business record management is easily shared and managed, and we’re very pleased with the outcome.
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.
Enhance business compliance by maintaining records and documents for all our processes and reports, which allows us to not worry about training new people in case resources are transferred.
We integrated risk assessment tools and business continuity plans, which allowed proactive identification and mitigation of potential business risks.
It helped to secure communication channels with confidential discussions and document sharing among team members and leadership.
HighBond by Galvanize support has some of the best and fastest support that I have experienced. Though we only contact them through emails, they were quick to provide insightful information about our problems. Whenever we email them about an issue, they would be able to reply in less than an hour, ready and prepared with useful solutions to address the issue.
I was not involved in the implementation, but i do think the interface works well and is a great tool to centralize our compliance program. I'm currently in the process of exploring many of the advanced features and using the Diligent Academy to learn about some of these exciting features to add value to our organization. I recently attended a CPE and was very impressed with the presenters and their energy and knowledge of the product
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.
The tool is extremely rigid in its definitions. We tried to implement it for almost a year and nothing happen. One time a team member made a mistake and uploaded a wrong list risks to it was not possible to eliminate any of them we had to take the database down, erase everything and start all over. DIligent One is very manageable on that front
A lot of time and efficiency has been saved for my team as we continue to find different ways to automate tests, continuous monitoring projects, etc. We have been able to shift our focus on enhancement projects that previously had been on the back burner until we had switched to the Diligent One Platform.
