Ideagen Internal Audit
Ideagen Internal Audit
About Ideagen Internal Audit
o Ideagen Internal Audit is an end-to-end system for managing and documenting internal audit workflow and workpapers. It is cloud-native software that is built for purpose for the internal audit team that use the application on a daily basis and business users that use the system infrequently to perform limited tasks. Users’ roles and permissions can be controlled by the system administrator in your organisation.
o Ideagen Internal Audit is designed to be configured and embedded easily across an organisation. The Audit Universe can easily be set up to reflect your own organisational structure of locations and processes. The hierarchy is unlimited in nature, so you can add as many locations, auditable functions, departments and clients as needed. The library of Objectives, Risks, Controls and Tests (ORCT) provides centralised content that can be applied and re-used throughout the application as part of audit workflows. The ability to directly connect objectives to risks and controls helps companies to comply with ISO 31000.
o An Application Programming Interface (API) allows the system to integrate with other software solutions your business uses. This enables you to view data across multiple applications for purposes such as reporting and dashboarding, logging new feedback items, or performance tracking. Ideagen Internal Audit shares a platform with Ideagen Risk Management. For companies that use both parts of the system, there is an automatic enterprise risk data feed and various automated features that make it easier for audit and risk to collaborate.
o Ideagen gives users many ways to configure risk and control matrices and workflows. In addition to pre-configured matrices, a simple ‘wizard’ approach makes it easy to design a new matrix or updated an existing matrix, using customisable fields. No special training is needed.
o A stand-out feature of Ideagen Internal Audit is its step-by-step tracker dashboards for audit methodology, key dates and audit execution. The methodology tracker will support any framework, from the latest IIA standards to ‘agile’ sprints based on your own criteria. This ensures everyone in the team works consistently to the same processes and standards. Each stage of the workflow is prompted automatically.
o Ideagen Internal Audit has a simple and transparent licensing structure. It is designed to have complete functionality in one system, rather than a pay-per-module approach. Ideagen does not charge customers based on the number of audits they perform per year.
Key benefits of Ideagen Internal Audit
• Fast time to value: Ideagen Internal Audit is designed to be embedded quickly across your organisation. It is accessed via web browser and can be set up with Single Sign On (SSO). Minimal training is needed to get started, and no coding or complex work is needed to set up your hierarchy of locations and processes. The user experience has been tested extensively to deliver a highly intuitive interface and a ‘low click’ environment. Ideagen continues to beta test new features with end users and there are various channels through which customers can advise on what they would like to see in the roadmap.
• Simple licencing structure: Ideagen provides a simple and transparent licensing structure. This means that users get a complete system for their internal audit work – no extra modules are needed for specific use cases. What customers see in the product demonstrations is an accurate representation of the features they will have access to as a customer.
• Easily comply with ISO 31000: The ability to directly connect objectives to risks and controls helps companies to comply with ISO 31000 and can easily be demonstrated. The library of Objectives, Risks, Controls and Tests (ORCT) provides centralised content that can be applied and re-used throughout the application as part of audit workflows. This also enables a more risk-based approach to auditing.
• System flexibility: Ideagen Internal Audit is flexible enough that it can mirror your organisation’s hierarchy of locations, processes and any other entity that needs to be audited. The step-by-step audit methodology tracker dashboards for audit methodology, key dates and audit execution. The methodology tracker will support any framework, from the latest IIA standards to ‘agile’ sprints based on your own criteria. This ensures everyone in the team works consistently to the same processes and standards. Each stage of the workflow is prompted automatically.
• Enterprise risk data feed: Ideagen Internal Audit shares the same software environment as Ideagen Risk Management. Companies that want to use Ideagen for both their internal audit and their risk management functions are able to access the full site using an Enterprise licence. User permissions are controlled by your organisation so that both teams still retain their independence. Both teams benefit from a centralised library of Objectives, Risk, Controls and Tests (ORCT), plus automated alerts that are triggered when a risk or control reaches a certain threshold.
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- Industry: Banking
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
A clean and well organized Internal Audit solution, with strong developer support
Reviewed on 17/05/2023
Pentana AuditMK eliminated the excessive use of spreadsheets for organizing, and the need for...
Pentana AuditMK eliminated the excessive use of spreadsheets for organizing, and the need for constant follow-up with auditees. Timeliness has improved, and it is easier for our Departments to respond.
Pros
Audits scopes, plans and work-papers are intuitively designed. Supporting documents and field work are simple to attach where necessary. After comparing three options, the scalability and price-point were the final elements that sold it for us!
Cons
The only issues we faced were report generation. The auto reports may need adjusting to your requirements, and some programming knowledge is necessary. They do provide this service, but having your own IT is better. Overall, a minor issue.
Reasons for Choosing Ideagen Internal Audit
Less complicated user interface, better pricing options, great support and solutionsSwitched From
LSEG Risk IntelligenceReasons for Switching to Ideagen Internal Audit
Pricing model, ease of use, required features, response by developer.- Industry: Environmental Services
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Jospong Ideagen
Reviewed on 22/07/2024
Great product and the best used so far in the last 8 years
Great product and the best used so far in the last 8 years
Pros
The prompt service support when issues are reported
Cons
it takes far too long to get a report developed or customized
- Industry: Banking
- Company size: 51–200 Employees
- Used Weekly for 2+ years
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 6.0 /10
Ideagen Internal Audit Is Useful
Reviewed on 30/04/2024
The software functions similarly to other major, higher priced software on the market and satisfies...
The software functions similarly to other major, higher priced software on the market and satisfies most of the basic needs of our department in terms of audit process management.
Pros
1. Recommendations tracking
2. Electronic workpapers
3. Business User Portal
Cons
1. Limitations on what users have the rights to do such as designing custom templates for reports.
2. Cannot Copy a previous audit
- Industry: Broadcast Media
- Company size: 10,000+ Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Does the job well
Reviewed on 11/12/2023
Pros
It is a good tool to help me create and manage my audits. We have been able to create the audit docuemnt expectations from planning to closure. It is a great facility to add team members providing access to the audit to the entire team to contribute to various phases of the audit lifecycle.
It is nice to be able to collaborate on documents and working papers in parallel and keep an eye on audit progress.
Finally, it is quite easy to submit the audit file for review.
Cons
Addressing review points on the documents could be better embedded in to the documents itself rather than separately on the interface.
- Industry: Utilities
- Company size: 501–1,000 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
"Audit software easy to document and automate reporting mode"
Reviewed on 25/05/2023
Pros
It is an intuitive system, you can easily assess risks and controls and also create reports. Is efficient.
Cons
It is not so easy to create companies within others and this makes it difficult for a growing company-
Ideagen Internal Audit FAQs
Below are some frequently asked questions for Ideagen Internal Audit.Q. What type of pricing plans does Ideagen Internal Audit offer?
Ideagen Internal Audit offers the following pricing plans:
- Free Trial: Not Available
Pricing information is available on inquiry.
Q. Who are the typical users of Ideagen Internal Audit?
Ideagen Internal Audit has the following typical customers:
51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Ideagen Internal Audit support?
Ideagen Internal Audit supports the following languages:
English, French, German, Italian, Spanish
Q. Does Ideagen Internal Audit support mobile devices?
Ideagen Internal Audit supports the following devices:
Q. What other apps does Ideagen Internal Audit integrate with?
We do not have any information about what integrations Ideagen Internal Audit has
Q. What level of support does Ideagen Internal Audit offer?
Ideagen Internal Audit offers the following support options:
Email/Help Desk, Phone Support, 24/7 (Live rep), Chat
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