CaseWare IDEA vs. SAP Audit Management

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.

Incentivized

Best on my experience, SAP Audit Management is best suited for larger corporations, particularly those that want to work with bigger OEMs in a more efficient manner over time. Furthermore, it is best suited in managing capacity, quality, production planning, work in progress in manufacturing, project tracking and project planning and management.

Incentivized

• 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.

• Safely managing big data involving in many fields like quality, project tracking, and manufacturing-related stuff,
• Integrating with many other tools widely utilized in plant teams.
• Ford and IATF auditors used to track down the details with a similar interface, making SAP familiar.

Incentivized

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

Incentivized

• Currently an integrated solution - would prefer to see a continuous solution
• Limited predictive audit functionality
• The big data functionality is more marketing than reality

Incentivized

I would rate it a 9 because I never really needed support on this but if I did, there was the necessary support given promptly.

This tool helps internal auditors for scoping, risk assessment, resource management, and project management of internal audits. Due to the streamlining and automated audit process, it lowers audit cost and time for auditing. This can be integrated with analytics tools for risk analytics and make KPI of higher management. Issue tracking, audit, and log report generation are very simple.

Incentivized

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.

I wouldn't say there is a true peer to SAP Audit Management currently available on the market. SAP Audit Management is the only software that is. It is designed by and developed for audit practitioners across the world. Further, the software unlocks the disparate information for Internal Audit departments and supports audit experts in their day-to-day activities with an easy to use. collaborative, and risk-based approach towards audit procedures.

Incentivized

• 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.

Incentivized

• Lower audit cost due to streamlining of the audit process and reporting.
• Integration of risk management, process control, and access control.
• Can be integrated with analytics tools for proper analytics.
• If an organization using multiple ERP systems, this tool is not much useful.
• For SMEs, it is more expensive to manage.

Incentivized