At Onspring, we work primarily with audit, risk, vendor, compliance, and legal professionals to help them manage their daily work, coordinate with other business functions, and report up the ranks on the status and results of their efforts. We’ve seen growing demand, particularly in the Internal Audit (IA) space where teams are looking to replace spreadsheet-based processes or dated point solutions that have outlived their usefulness. Since Onspring was designed for collaboration and data analysis, it’s a nice fit for audit teams and the process owners they engage with across the organization.
Still, selecting an audit management software solution is not always an easy choice. To begin with, there are many stakeholders involved: audit staff, management, process and control owners, the audit committee and the board. Then tack on a wide variety of auditable entities: business units, processes, organizational functions, applications, facilities, etc. Finding a single management platform that can bring all of these elements together in a way that fits the size, scope and methods of your IA department is no easy task.
We’ve published some guidance on evaluating audit management software that boils the selection process down to four key considerations: