Audit management software helps companies streamline their audit processes and comply with regulations or internal policies. This type of software is used to define, implement, and monitor auditing procedures for multiple purposes, such as quality management, health, and safety, or environmental protection. Audit management solutions are most often used in heavily regulated industries such as chemicals, pharmaceuticals, health care, or food and beverage. Audit management tools can be used by compliance professionals or by operations managers to schedule audits and analyze results. Employees from departments such as manufacturing or distribution use this type of software to implement audit procedures and report the results to their managers. External auditors can also benefit from using the audit information captured and managed using audit management software.
Audit and risk management solutions should not be confused with financial auditing software. Internal audit management software should cover multiple types of audits for all departments of a company. To deliver optimal results, audit management systems need to consolidate data from various other software and systems such as quality management software, ERP systems, enterprise asset management software, or environmental health and safety software.
To qualify for inclusion in the Audit Management category, a product must:
Include standard procedures and templates for multiple types of audits
Capture complete information on who audits what, and when
Provide industry-specific best practices for compliance purposes
Define workflows and tasks to implement audit procedures
Monitor auditing processes and recommend corrective actions
Schedule audits based on predefined rules that can be customized
Deliver custom reports and dashboards to track auditing KPIs
