Top 10: Audit Management Softwares

Audit management software has become indispensable for the Office of the CFO.

Multiple factors such as regulatory scrutiny, ESG reporting mandates and AI governance requirements demand platforms that can unify data, automate controls testing in order to deliver audit-ready assurance at scale. 

Learn more about which one we’ve ranked number one below.

10. Ideagen

Company founded: 1993
Based in: England, UK
CEO: Ben Dorks

Ideagen's audit and compliance suite, anchored by its Quality Management, is trusted by over 450 institutions. 

Its audit intelligence solution scans over 70 verified databases, saving time for finance professionals needing fast information about auditor changes or regulatory actions. 

The audit software is used by University of Birmingham and BBVA, which declare that Ideagen transformed its audit management across 650 users. 

BBVA successfully used Ideagen to improve its audit readiness in addition to enhanced compliance tracking. 

9. Hyperproof

Company founded: 2018
Based in: Washington, US
CEO: Craig Unger

Hyperproof’s audit management module pledges to enable finance professionals to respond with confidence; with the numbers to prove it. The company pledges that it has saved up to 80 hours in security administration. 

With its Foldersyncs and Hypersyncs systems, users can automate evidence collection with ease, alongside effortless controls systems meaning users can invite auditors to collaborate, assign evidence and connect audit requests to controls. 

Hyperproof claims to save US$100,000 per audit. 

8. LogicGate 

Company founded: 2015
Based in: Illinois, US
CEO: Diego Panama​​​​​​​

Built to manage multiple compliance frameworks such as SOC2, ISO27001 and NIST, LogicGate’s Risk Cloud platform offers a simple solution to what can be a compliance-headache. 

Customers such as Docusign, Indeed and Zurich Insurance use the platform which provides a 98% decrease in audit findings, according to the company’s website. 

Risk Cloud offers enhanced visibility through proactive evidence gathering in addition to continuous monitoring to decrease chances of finding something in audit before escalation. 

7. MetricStream

Company founded: 1999
Based in: California, US
CEO: Marc Levine

The clue is in the name, as MetricStream offers a streamlined audit process workflow for greater control in audit management. 

Focusing on a centralised system, MetricStream allows an efficient system for comparison with  global audit data. 

A key feature of the solution is the Audit Briefcase which enables auditors to efficiently complete their tasks without being connected to the corporate network, making off-site visits easy and organised.  

MetricStream is used by the US Government, leading banks and oil and gas giants. 

6. ServiceNow GRC (Now Platform)

Company founded: 2004
Based in: California, US
CEO: Bill McDermott​​​​​​​

ServiceNow’s smart issue management frees up time for more hands-on tasks as it uses efficient processes such as AI and machine learning to effectively prioritise and assign issues to the appropriate person. 

The company’s Product Portfolio Management concurrently provides the ability for auditors to track costs, timesheets and resources without any additional fuss. 

Reporting findings, in addition to execution, planning and scoping, can be streamlined by the audit engagement lifecycle. 

5. SAP Audit Management (Cloud)

Company founded: 1972
Based in: Walldorf, Germany
CEO: Christian Klein

For leaders looking to focus on optimisation, SAP Audit Management offers clients the ability to adopt what it calls a ‘simpler’ approach to the day-to-day management of audit issues. 

Clients can immediately capture documentation with user-friendly tools such as drag-and-drop tools and even mobile devices for finance leaders on the go. 

SAP Audit Management connects seamlessly to other popular SAP cloud products, such as Risk Management and Business Integrity Screening.  

It is part of SAP’s three lines of defence in its finance solutions. 

4. TeamMate (Wolters Kluwer)

Company founded:  1836
Based in: Alphen aan den Rijn, the Netherlands
CEO: Stacey Caywood

Powered by SmartCheck Validations, TeamMate by Wolters Kluwer offers “clarity and consistency” for auditor workflows, leading to high-quality and thorough audits. 

The platform streamlines document requests, ensuring an easy and cohesive collaborative environment. This principle allows for more visibility to stakeholders, with an additional option of accessing historical insights to spot patterns and prevent future problems. 

In a survey, 93% of TeamMate Analytics users saved time on data aggregation and collection, while 78% managed to streamline standard audit tasks and reporting processes. 

3. Diligent HighBond 

Company founded: 1994
Based in: New York, US
CEO: Brian Stafford 

Diligent HighBond stands out for its heavy-duty data automation and continuous monitoring capabilities. Built to scale alongside shifting enterprise risks, HighBond automates the end-to-end audit lifecycle – from initial risk scoping and resource scheduling right through to final executive reporting.

Its deep analytics engine runs continuous background scripts across vast enterprise data sets, surfacing anomalies and potential fraud breakdowns before they escalate into regulatory breaches.

The seamless adoption is accelerated through Diligent’s quick onboarding process, which provides guided workflows and script compatibility. 

It places stress on how adaptable the software is, as no technical skills are required for tasks such as running advanced analytics. Users can speak in completely natural language. 

Diligent delivers a unified, intelligence-driven solution designed to optimise audit workflows, elevate risk awareness and deliver actionable executive oversight.

2. Optro (formerly AuditBoard)

Company founded: 2014
Based in: California, US
CEO: Raul Villar Jr.

Optro positions itself as a unified GRC system of action built to future-proof internal audit through risk-based insights and domain-trained AI.

A core differentiator is its focus on autonomous testing, which executes evaluations across unstructured evidence to eliminate tedious manual fieldwork. 

Through AI-powered workflows, finance executives are able to gain real-time risk insights across the entire audit lifecycle. 

Optro states that it increases efficiency, with 53% more efficient evidence collection. 

With a user-friendly user interface, Optro ensures that both external stakeholders and audit teams are able to easily configure the platform. 

Encompassing operational, IT and compliance audits, fraud investigations, SOX readiness, controls management, autonomous testing and IIA standards conformance, Optro solidifies itself as a “one-stop shop” for internal audit management. 

1. Workiva

Company founded: 2008
Based in: Iowa, US
CEO: Julie Iskow

Workiva’s main pull for internal audit teams is its ability to connect live data directly across audit workstreams, SOX compliance, ESG metrics and financial reporting for the ultimate assurance. 

American fast food giant Wendy's says it loves Workiva’s automatic updating. 

Collated in a single audit-ready cloud platform, built-in analytics allow audit teams to evaluate full population data sets to spot exceptions instantly without needing bespoke coding skills. 

Embedded AI capabilities also streamline the heavier administrative burdens, automating evidence sampling and generating flowchart narratives directly from audit trails.