Software auditing: what it is

Integrate a technological solution into your company to simplify the corporate auditing process

THEcorporate auditing is the process of reviewing and evaluating a company's compliance with rules, regulations, and internal policies. This is an essential activity to ensure that the company complies with the laws of the sector, minimizing the risks of violations and legal penalties. In the era of the digital revolution, deciding not to automate this process is a crazy and counterproductive idea. Better to integrate an auditing software capable of automating and optimizing the auditing processes, increase data efficiency and accuracy, improve visibility into business activities, ensure data security and reduce costs.

Corporate auditing plays a vital role in helping companies manage risk and ensure compliance with rules and regulations. Internal audits are usually conducted using a number of techniques, including reviewing business records, interviewing personnel, observing business processes, and analyzing the company's financial and performance data, all actions which, if automated, can save the company a lot of time, improving its effectiveness.

Indeed, a well-conducted auditing activity can identify areas for improvement in the company and suggest solutions to increase the efficiency and productivity of the company itself.

What is an auditing software

Auditing software is software designed to streamline the internal audit process and provide greater visibility into business activities, allowing you to automate audit processes, reducing the risk of errors and simplifying the work of auditors. The ease of use and customization offered by many auditing software solutions make this technology even more attractive to companies of all sectors and sizes.

The benefits of using an audit software are:

  • process automation of auditing, eliminating the need to use manual procedures, which allows them to be performed more quickly and efficiently, minimizing the risk of errors and increasing the accuracy and reliability of the data;
  • greater efficiency: thanks to the greater automation of processes, employees can save precious time and devote themselves to other business activities;
  • greater visibility into business activity: thanks to the ability to analyze large amounts of data, auditing software makes it easy to identify weaknesses and identify any anomalies in the business process. In this way, companies can make more informed decisions and improve the efficiency of their activities;
  • data security: thanks to data encryption and server security, auditing software ensures that company data is protected and cannot be accessed by unauthorized sources. Furthermore, the use of an auditing software allows you to keep track of who accesses corporate data, reducing the risk of fraud and unauthorized access;
  • cost reduction: in addition to the best use of internal resources, the use of an auditing software allows you to reduce the risk of errors and increase the accuracy of the data, reducing the risk of financial losses and penalties;
  • ease of use as it does not require any advanced technical knowledge: thanks to its intuitive and user-friendly interface, the auditing software allows employees to use it easily, without the need for additional training. Additionally, many software auditing solutions also offer full technical support, ensuring that any issues can be resolved in a timely and effective manner;
  • customization based on the specific needs of the company: this means that companies can choose to use only the features they need, without having to pay for unnecessary features. In addition, the auditing software can be configured to suit company procedures and requirements, resulting in greater efficiency and accuracy.

Go Audits by Opentech

Opentech is a company active in the IT sector specialized in GRC (GovernanceRisk & Compliance) which has been supporting its customers for more than twenty years with highly efficient and performing solutions.

How auditing software proposes the module GO Audits of Suites GO GRC 2.0 which helps the company using a 'risk based' approach in all stages of auditing. If you intend to integrate an online training platform for your employees contact us to receive advice.