Smart Audit
Smart Audit is a cloud-based platform that streamlines and automates your audit management processes, helping you ensure compliance with regulatory standards and maintain high levels of quality.
Workiva
Workiva is a cloud-based platform that simplifies complex reporting and compliance by connecting your data and teams in a single, secure environment for financial, ESG, and risk management.
Quick Comparison
| Feature | Smart Audit | Workiva |
|---|---|---|
| Website | smartaudits.online | workiva.com |
| Pricing Model | Quote-based | Custom |
| Starting Price | $/month | Custom Pricing |
| FREE Trial | ✓ 0 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2018 | 2008 |
| Headquarters | Dorval, Canada | Ames, USA |
Overview
Smart Audit
Smart Audit is a cloud-based audit management platform that digitizes your end-to-end audit processes through automated workflows and compliance tracking. You can plan, execute, and document audits with real-time tracking, risk scoring, and non-compliance identification. It supports both online and offline audit execution, ensuring your team can work from anywhere.
The platform helps you eliminate manual, repetitive tasks, enhancing accuracy and efficiency. It is suitable for businesses that need structured internal audits, reliable documentation, and ongoing risk oversight, ensuring you remain compliant and audit-ready at scale.
Workiva
Workiva helps you streamline your most complex reporting and compliance tasks by bringing all your data into one secure, cloud-based workspace. You can connect information directly from your source systems to your final reports, ensuring that every number and narrative remains consistent across spreadsheets, documents, and presentations. This eliminates the manual effort of copying and pasting data and reduces the risk of errors in critical filings.
You can use the platform to manage everything from SEC filings and annual reports to ESG disclosures and internal audits. It allows your teams to collaborate in real-time with full audit trails, so you always know who changed what and when. Whether you are a large enterprise or a growing company, you can automate repetitive reporting workflows and focus your energy on analyzing data rather than just collecting it.
Overview
Smart Audit Features
- Paperless Auditing Conduct, document, and review audits electronically, reducing reliance on physical documents and enhancing efficiency and accuracy.
- Offline Auditing Perform audit processes efficiently in areas with limited or no internet connectivity, with automatic data synchronization when you reconnect.
- Customizable Templates Create and customize audit templates to meet specific audit types and requirements, ensuring standardized data collection and reporting.
- Non-Conformance Management Identify underlying reasons for non-conformances, implement corrective and preventive actions, and track resolution with customizable workflows.
- Audit Scheduling Plan and allocate audit activities efficiently, customize dates and timelines, and receive automated reminders for upcoming events.
- Real-time Reporting Gain critical visibility into audit operations with intuitive dashboards and reports, staying informed of audit and non-conformance statuses.
Workiva Features
- Data Linking. Link your data across documents, spreadsheets, and presentations so a single change updates every instance automatically.
- Real-time Collaboration. Work simultaneously with your teammates on the same document while maintaining a clear audit trail of every edit.
- Direct Data Integration. Connect directly to your ERP, CRM, or HCM systems to pull fresh data without manual exports or uploads.
- XBRL Tagging. Apply standardized tags to your financial data easily to meet regulatory requirements for digital reporting and filings.
- Workflow Automation. Automate your review cycles and task assignments to keep your reporting process moving forward without manual follow-ups.
- Granular Permissions. Control exactly who can view or edit specific sections of your reports to maintain data security and confidentiality.
Pricing Comparison
Smart Audit Pricing
Workiva Pricing
Pros & Cons
Smart Audit
Pros
- Intuitive and easy-to-use interface for streamlining audit processes.
- Cloud-based accessibility allows you to work from anywhere with internet access.
- Responsive developers are quick to address queries and comments.
- Provides timely updates and data analysis for informed decision-making.
- Helps you manage risk analysis and workflows smoothly.
Cons
- Some features can be complex to navigate, requiring additional learning.
- Could be further improved to be a true work processing audit software.
- Pricing information is not publicly available, requiring a custom quote.
- Initial configuration may require attention to detail.
- Limited public reviews available for comprehensive user feedback.
Workiva
Pros
- Eliminates manual data entry errors through automated linking
- Simplifies complex SEC and ESG filing processes significantly
- Excellent customer support and dedicated success managers
- Strong version control and detailed audit history tracking
Cons
- Higher price point compared to basic reporting tools
- Initial setup and implementation requires significant time
- Learning curve for advanced XBRL tagging features