Best Financial Audit Software

Financial audit software reviews and analyzes financial transactions to maintain compliance and reduce fraud. This type of software allows companies to ensure compliance with financial regulations and internal policies as well as to identify suspicious transactions that may impact their profitability. Financial audit software is used mostly by accounting departments but can also be leveraged by procurement teams for spend auditing or to monitor travel and expense transactions.

Financial audit tools need to integrate with solutions that capture financial transactions such as ERP systems, accounting software, procurement software, and travel & expense software. Financial auditing software can be delivered as a standalone product or as part of a product suite.

To qualify for inclusion in the Financial Audit category, a product must:

  • Provide functionality to automate the auditing of all types of financial transactions
  • Identify risks such as suspicious transactions or pricing and payment violations
  • Analyze transactions to detect duplicate invoices and excessive or unapproved spend
  • Match financial transactions with internal spend policies to identify discrepancies
  • Allow users to audit transactions in multiple languages and currencies
  • Deliver reports on suspicious behavior, risk assessment, and audit performance
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    Hubdoc is a cloud accounting application that automatically fetches financial documents from hundreds of banks, utilities, telecom providers, and online vendors; extracts the key data; and seamlessly syncs transactions to cloud accounting platforms with source documents attached. With Hubdoc, reconciliation, payment processing, and audit-proofing are just a few clicks away.

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    AppZen delivers the world’s leading AI platform for modern finance teams. Starting with business spend, we automate manual process, uncover problems, and optimize decision making for enterprises around the globe, including one-fourth of the Fortune 500. Our platform combines patented deep learning, computer vision, and semantic analysis with intelligence from thousands of online data sources to understand financial transactions in business context and make decisions before those transactions happen. AppZen is a must-have for CFOs and their teams to reduce spend, comply with policy, and streamline process.

    Thomson Reuters AdvanceFlow is the first cloud-based audit engagement software that combines the convenience of the cloud with enterprise-level processing power. Engagements, workpapers, and colleagues are available in real time, whether you're in the office, in the field, or anywhere else. It's a new level of convenience — backed by the auditing tools and trial balance power to handle the most complex clients and the most data-heavy jobs.

    AuditDesktop carefully combines Governance, Enterprise risk management and Compliance functionalities to automate the complete process of planning, conducting and documenting an audit and to provide a solution that enhances the performance of audit organizations while making auditor life easier.

    AuditFile is a secure, cloud-based solution that helps CPA firms (and internal audit teams) perform dramatically more efficient audits, reviews, and compilations.

    Audit Prodigy helps deliver complex Internal Audit, SOX and Compliance programs by leading small and large teams and partnering with leadership, audit committees and audit partners.

    DoubleCheck SOX Compliance Management software provides a secure, centralized environment for automating the management of your compliance program. With DoubleCheck's flexible web-based software, you will be able to document your processes and associated controls, executed assessments and tests of control performance, establish ownership and manage resolution of issues identified.

    IDEA SmartAnalyzer is a collection of queries and tasks that can be used on every audit engagement to improve audit quality and consistency. This solution offers an extensive set of routines for the analysis of general ledger, accounts receivable, inventory, fixed assets and accounts payable transactions.

    MindBridge Ai Auditor revolutionizes financial analysis as the worlds first and only AI powered auditing platform.

    ReKognize ensures that an organisation's accounting records and controls are sufficient to substantiate balances and transactions under review. Substantiation includes not just the accuracy of the value, but also the value that has not been impaired. ReKognize supports any period end fast close, multi-layered organisational structures and is scalable to support large volumes of reconciliations which have to be completed and signed off on a frequent basis.

    SOXHUB is a cloud-based SOX compliance and audit management platform.

    Suralink allows you to easily manage prepared by client documents. Its features allow you to import lists, template, roll forward, assign and track requests, increase client satisfaction and job realization.

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