Ideagen Internal Audit
Ideagen Internal Audit is an internal audit management platform built on risk-based methodology. It is designed for internal audit teams that manage the complete audit lifecycle, including risk-based planning, workpaper and documentation management, control testing, resource management and stakeholder reporting, within a single system rather than a set of disconnected tools. Audit functions use the platform when fragmented systems slow down planning, when manual control testing takes time away from findings work, or when board reporting takes days to compile. Audit leaders, including Heads of Audit and Internal Audit Directors, use it to standardize audit methodology across auditors, teams and locations and to produce consistent reporting for the board. Main features and value propositions include: - Unlimited audits with every module included, so there are no additional fees or separate modules to manage across audit types - A step-by-step, configurable audit methodology for financial, operational and compliance audits, applied consistently regardless of who runs the audit - Risk-based audit prioritization that provides a real-time view of organizational risk, directing audit resources toward the areas of highest risk - Control testing automation that schedules tests, collects evidence and tracks control effectiveness, flagging failures against defined thresholds - Stakeholder reporting automation that generates dashboards and executive summaries for management and board reporting Ideagen Internal Audit maps audit activity to multiple standards and regulations at once, including SOX, ISO, ESG and sector-specific requirements, so audit teams do not need a separate process for each one. The platform is aligned to the IIA's Global Internal Audit Standards and supports the risk-based, agile audit approach the IIA sets out. Audit findings connect directly to Ideagen's enterprise risk management, feeding the risk register and triggering policy remediation rather than stopping at the report. The platform is used by audit functions of varying sizes, from small teams running a limited number of audits per year to enterprise functions managing audits across multiple countries, and is used in sectors including banking and financial services, government and education.
Average Rating: 4.2/5.0
Total Reviews: 93
How Do G2 Users Rate Ideagen Internal Audit?
- Has the product been a good partner in doing business?: 8.5/10 (Category avg: 9.3/10)
- Ease of Use: 8.0/10 (Category avg: 8.9/10)
- Ease of Admin: 8.3/10 (Category avg: 8.7/10)
- Ease of Setup: 8.3/10 (Category avg: 8.6/10)
Who Is the Company Behind Ideagen Internal Audit?
- Seller: Ideagen
- Company Website:
- Year Founded: 2000
- HQ Location: Ruddington, Nottingham
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Twitter: @Ideagen_
2,172 Twitter followers -
LinkedIn® Page: www.linkedin.com
1,386 employees on LinkedIn®
Who Uses This Product?
- Who Uses This: Internal Auditor
- Top Industries: Government Administration, Banking
- Company Size: 48% Small, 27% Medium
What Do G2 Reviewers Say About Ideagen Internal Audit?
AI-generated summary from verified user reviews
Pros
- Users commend the user-friendly interface of Ideagen Internal Audit, facilitating seamless navigation and efficient audit processes.
- Users benefit from the high audit efficiency of Ideagen Internal Audit, streamlining the entire audit process effectively.
- Users commend the excellent customer support from Ideagen, noting prompt and effective assistance in resolving issues.
- Users value the customizability of Ideagen Internal Audit, allowing for tailored audits and effective tracking throughout the process.
- Users appreciate the user-friendly interface of Ideagen Internal Audit, enhancing efficiency and streamlining their auditing processes.
Cons
- Users highlight the inadequate reporting that necessitates multiple manual corrections, complicating their auditing processes.
- Users find the Ideagen Internal Audit tool not intuitive, leading to a steep learning curve and confusion with modules.
- Users face export issues with limited customization and character limits, complicating data reporting and analysis.
- Users criticize the aggressive sales tactics of Ideagen Internal Audit, expressing concern over rising licensing costs and limited support.
- Users find it challenging to manage deletion and modification of the audit universe, despite workarounds being available.
What Are Recent G2 Reviews of Ideagen Internal Audit?
"Ideagen Internal Audit Likes & Dislikes"
Rating: 4.0/5.0 stars
— Dave L.
"Fully Functional Audit Management Tool"
Rating: 5.0/5.0 stars
— Aaron T.
