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Trullion
Trullion
Trullion leverages AI to automate ASC 842 and IFRS 16 workflows and gets you compliant in under 30 days. The Trullion platform relieves accounting teams from manual data abstraction using AI-enhanced technology to extract data f...Read more about Trullion
DataSnipper
DataSnipper
Accelerate your Audit and Finance teams’ productivity. DataSnipper helps to reduce time spent on manual operations, improve collaboration within teams, and boost productivity with standardization. Reduce risk, boost productivit...Read more about DataSnipper
eTHIC
eTHIC
eTHIC is a software that helps businesses manage their ethics and compliance. It provides an easy-to-use platform for managing all of your company's compliance requirements, including government regulations, industry standards, an...Read more about eTHIC
ManageEngine ADAudit Plus
ManageEngine ADAudit Plus
ManageEngine ADAudit Plus is a Windows auditing, security, and compliance solution. Key features include comprehensive logon auditing, detailed change monitoring, real-time risk alerting, and streamlined compliance reporting for A...Read more about ManageEngine ADAudit Plus
SafetyCulture
SafetyCulture
iAuditor by SafetyCulture is an inspection checklist application that allows users to build checklists, file reports and conduct inspections through a tablet or mobile phone. The solution is designed for a wide range of industries...Read more about SafetyCulture
Hyperproof
Hyperproof
Hyperproof is an on-premise and cloud-based compliance management solution that helps businesses conduct audits, assess risks and handle compliance programs. It comes with an administrative dashboard, which enables professionals t...Read more about Hyperproof
GoAudits
GoAudits
GoAudits is an all-in-one inspection platform that helps retail chains, telecommunication companies, food manufacturers, construction companies conduct standard, quality, and safety audits. Businesses can easily plan and schedule ...Read more about GoAudits
Benchmark Gensuite EHS
Benchmark Gensuite EHS
Benchmark Gensuite's platform of digital solutions helps your company strengthen the foundation of its EHS, Sustainability & ESG program minimizing risk, enhancing safety programs, improving compliance and performance, and deliver...Read more about Benchmark Gensuite EHS
Trackmedium QMS
Trackmedium QMS
TRACKMEDIUM is a cloud-based quality management system (QMS) designed to helps businesses perform internal or supplier audits, track corrective and preventive actions, streamline customer communications, define plans for emergency...Read more about Trackmedium QMS
Center Expense
Center Expense
Center Expense is an AI-powered cloud-based expense reporting software. It is designed for mid-sized businesses across various industries that want to streamline their expense reporting process. Center Expense offers several key...Read more about Center Expense
UTrakk DMeS
UTrakk DMeS
Built for medium and large manufacturers of 200+ employees, UTrakk is an advanced DMS (Daily Management System) that helps managers boost their impact in delivering their roles, with a focus on improving both competitive performan...Read more about UTrakk DMeS
Onspring
Onspring
Onspring is a cloud-based, no-code software for reporting, analysis, process management, and coordination. Our connected solutions for Governance, Risk & Compliance, ITSM, and Business Operations create efficiencies for your teams...Read more about Onspring
Intelex Audit Management Software
Intelex Audit Management Software
Audits Management Software by Intelex provides a cloud-based interface for environmental, health and safety, quality and business performance management. This solution helps customers report essential business information, ensure ...Read more about Intelex Audit Management Software
Jolt
Jolt
Jolt is a comprehensive digital operations platform that is available on smartphones and tablets. Jolt helps restaurants, retail, hospitality, and other businesses create accountability, enhance food safety compliance, and boost ...Read more about Jolt
VelocityEHS
VelocityEHS
VelocityEHS ESG|EHS software is trusted by 1/3 of the Fortune Global 1000 and thousands of other companies across industries to manage the environment, health, and safety programs. VelocityEHS modules include incident management...Read more about VelocityEHS
Audit Management Software
Audit Management Software
Enablon is a cloud-based environment, health and safety (EHS) management solution that helps organizations track the use of natural resources. Enablon allows users to create action plans and ensure proper follow-ups with built-...Read more about Audit Management Software
ZenGRC
ZenGRC
ZenGRC is a cloud-based and on-premise governance, risk and compliance (GRC) management solution. It serves businesses of all sizes in any industry, including technology, retail, consumer goods, health care and finance. Primary fe...Read more about ZenGRC
AuditBoard
AuditBoard
AuditBoard is the leading cloud-based platform transforming audit, risk, and compliance management. More than 40% of the Fortune 500 leverage AuditBoard to move their businesses forward with greater clarity and agility. AuditBoa...Read more about AuditBoard
ECAT
ECAT
ECAT is a cloud-based audit management solution that helps organizations monitor, review and generate reports on safety inspections. Key features include multi-field inspections, offline mode and an inspection scheduler. ECAT...Read more about ECAT
Fastpath Assure
Fastpath Assure
Fastpath Assure is a cloud-based audit solution that helps businesses to analyze segregation of duties, as well as manage transactions and user access in their enterprise resource planning (ERP) systems such as Microsoft Dynamics,...Read more about Fastpath Assure
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Buyers Guide
Last Updated: March 16, 2023Audit software helps organizations plan for, address and mitigate risks that could compromise the safety and/or quality of the goods or services they provide.
For businesses that adhere to government regulations and industry standards, audit management is a critical component of their compliance and risk management strategies.
If you’re considering investing in an audit management system, we’ve created this guide to help you make a more informed purchase decision. Here’s what we’ll cover:
What Is Audit Management Software?
What Are Common Features of Audit Software?
What Are The Benefits of Audit Management Software?
Key Considerations for Audit Management Software
What Is Audit Management Software?
This type of software standardizes audit management processes across an organization. It helps automate the various steps in the audit lifecycle, allowing businesses to conduct audits in a single, comprehensive framework.
Although the types of audits can vary—internal audits, supplier audits, quality audits etc.—audit software commonly encompasses these steps:
Steps in the Audit Life Cycle
Plan and schedule: Prioritize risk areas, create targeted risk-based plan, plan when the audit will happen. Schedule resources, create and assign tasks and checklists, assign owner.
Conduct audit: Owner and teams perform audit tasks, apply document controls, track observations and records findings. This stage is often described as “field work.”
Manage findings: Track progress, monitor trends and analysis. Develop audit reports, review recommendations with management and design risk management implementation plans.
Implement and review: Implement action plans, observe and record findings. Monitor and track success of action items and note any inconsistencies that might require future audits.
What Are Common Features of Audit Software?
Auditing systems typically include the following capabilities:
Audit scheduling | View team and site calendars, resource availability and potential conflicts. Create timeline, schedule audit team and owner. |
Task and time tracking | Assign tasks and due dates, track progression of tasks and record time to resolution. Alert owner of overdue tasks. |
Configurable forms/checklists | Create and save custom forms and checklists according to the audit needs at hand: e.g., planning, completion, quality assurance. |
Email notifications | Set up automatic alerts to audit team about any changes to the schedule, priority items or follow-up tasks. |
Track progress of tasks, budget and timeline; view status of audit checklists; monitor performance and visualize trends. | |
Document and analyze data trends, performance reports and generate recommendations and action plans based on findings. |
What Type of Buyer Are You?
As mentioned above, businesses that regularly require audits typically fall into two categories:
Regulated by the FDA. Examples include pharmaceutical companies following directive 21 CFR 211 and medical device firms that adhere to 21 CFR 820. These businesses have to follow these regulations exactly. To do so consistently and without error requires an automated system.
Complying with industry standards. Examples include general manufacturers and businesses in the service industry that follow quality standards, such as ISO 9000. To become ISO 9000 certified, businesses are assessed on their quality assurance practices and must submit documentation of their processes. Audit software can streamline this process.
What Are the Benefits of Audit Management Software?
Audit software can provide organizations with several benefits, including:
Reduced risk. Standardizing audit management processes eliminates inconsistencies. It also provides visibility into workflows, data collection and report metrics.
Enhanced security. Securely store and manage audit documentation, recommendations and implementation plans in a centralized system.
Improved compliance. Comply with industry standards and government regulations while maintaining an accurate, searchable audit trail.
Key Considerations for Audit Management Software
When you’re evaluating potential audit management solutions for your business, start with detailing all your requirements and categorizing them based on their importance. Below are some parameters that will help you identify the right solution for you:
Automatic audit scheduling. Auditing a single process is relatively easy, but when there are thousands of processes across numerous locations and working areas, manual scheduling can be extremely difficult. Automatic audit management systems offer customized scheduling throughout the year based on factors such as the availability of auditors and the operational area. Automatic scheduling can help users map out their overall audit schedule for the complete year.
Convergence of safety and quality. The ability to integrate these two audit processes is an important consideration. Both share several common functions, such as document control and corrective action. On many occasions, for example, audit teams will review the corrective action process of environmental health and safety (EHS) systems but will do this at a later stage for quality management systems (QMS). Usually, both EHS and QMS have the same corrective action process, so, with audit management software, these can be managed in a single audit.
Mobility in the audit process. The audit process is usually conducted across an organization’s premises, including the warehouse and shop floor. It requires auditors to go to the physical location of each process and record the data. As such, there must be a mobile device, such as a tablet, to record data, especially in the case of cloud-based audit management systems. This feature allows the user to enter audit information into the system in real time.
Automated templates for checklists and audits. This feature speeds up the audit process without auditors having to compile checklists and type questions repeatedly. Most of the automated audit management solutions on the market provide a list of keywords that recognize several types of checklists and audits. With this feature, the user just has to choose the audit type to schedule the process, and the solution automatically pulls in the correct data.
Integration of audits with rest of QMS and EHS systems. Even if the overall audit process goes off smoothly, it will produce findings that require further action. Automated auditing solutions are usually included with QMS and EHS systems, and modern auditing systems automatically integrate with other quality and safety procedures, such as corrective action, to ensure complete transparency of information. You can also integrate audit findings to update all the records in document control and in training programs to make sure the staff is trained properly. Such integrations help management align the audit findings with the affected processes.