Organization of internal audits, risk evaluation, and compliance criteria was something for complicated spreadsheets and long e-mails. It was sloppy and prone to errors, and it was incredibly time-consuming. Luckily, the advent of special software has changed the situation, which offers businesses the possibility of centralization of auditing functions.
Audifort has come out as a competitor in this saturated market, which offers to simplify the processes through which organizations deal with their compliance requirements. However, when there is such a jumble of tools clamoring to draw your eye, it may be hard to know which ones are marketing nonsense and which ones hold potential real use. Is it true that this platform is as efficient as it promised to be, or is it another complexity?
This analysis deconstructs the features, prices, and actual user experiences of the Audifort. Based on its areas of strength and weakness, you can tell whether it is the correct fit in the security and compliance strategy of your organization.
What is Audifort?
Audifort is a software-as-a-service (SaaS) governance, risk, and compliance (GRC) system that is designed to help companies automate their audit life cycles. The first purpose of it is to replace the manual and scattered processes with one dashboard, within which teams will be able to coordinate and work within the framework of risk assessment and compliance reporting.
The platform is branded as an easier alternative to old systems, which have been noted to be very cumbersome and difficult to work with. The market offered by Audifort is for mid to big enterprises that need to comply with strict regulatory requirements such as SOX, ISO, and GDPR without hiring an army of administrators to complete the paperwork.
Key Features and Benefits
The toolkit that Audifort offers is something you need to look at to realise why Audifort is gaining ground. The software is designed in such a way that it will be based on three fundamental pillars, namely, automation, visibility, and collaboration.
Computer-assisted Workflow Management.
The administrative overhead of an audit team is one of the largest disposers of time on audit team work – the pursuit of documents, sending out reminders, and updating status sheets. All these workflows are automated by Audifort. It is possible to establish repeating tasks and automatic reminders so that the collection of evidence can take place on time. This will eliminate the nagging aspect and will set auditors free to work on analysis and not administration.
Document Repository with centralization
Peripheral evidence is a compliance nightmare. Audifort provides one source of all the documentation related to the audit. A clear audit trail is the ability of the user to upload files directly into the individual controls or risks. This is particularly helpful when you have external auditors who come on board because you can give them minimal access to see the documents without sharing your entire internal network with the auditors.
Dashboards and Real-time Reporting.
Risk management needs the visibility of executives. Audifort has customizable dashboards that provide you with a real-time overview of your compliance posture. With a few clicks, you can track the progress of current audits, identify high-risk areas, and generate reports to be sent to the board. Data visualization capability helps in making informed decisions in real-time as compared to quarterly reports.
User Experience: Real-life
The marketing material will always give it a rosy picture, but the real story will be shown by the feedback of the users. We went through other independent software review websites with about to gain the general attitude towards the company.
The Positive: Support and Usability.
The most recurrent references to praise Audifort are based on the interface. It is often put out by users that the platform is very intuitive and does not require extensive training, as the competitors do. The clean design allows for the non-technical stakeholders who might only access the system once a quarter to upload a document and navigate through the system without frustration.
Another strength includes the customer support. Most of the users are saying that the implementation team is practical and the support tickets are resolved in a very short period of time. This type of service is essential with complicated GRC tools, in which configuration may not be straightforward.
The Negatives: The Limitations of Customization.
None of the software is perfect, and Audifort is no different. There are power users who have noticed that the standard reporting is good and can be deeply customized. The out-of-the-box templates may not be appropriate in the case of organizations that have very specific or non-standard reporting requirements.
Moreover, some of the reviews also mention that the mobile experience is not as good as the desktop experience. This is not very mobile-friendly, which is a minor inconvenience to field auditors who have to enter data as they go.
Pricing and Plans
Audifort is a subscription-driven platform (as is typical of SaaS platforms in the industry). They, however, do not display their prices to the public. Prices are usually custom-built depending on the size of the organization, number of users, and specific modules required.
As a rule, the pricing scheme is divided into three levels:
- Starter Plan: This is intended for smaller teams or startups that focus on one framework (e.g., SOC 2). This normally includes simple automation of workflow and storage of documents.
- Professional Plan: This plan is focused on expanding firms with many structures. This tier comes with some additional features, such as more storage, advanced reporting, and priority support.
- Enterprise Plan: Tailored for the needs of large companies. This includes customer success managers, API access to integrations, and unlimited users.
You will need to make a demo with their sales team to get the exact quote. Although it might be a frustrating experience because there is no transparent pricing, it will help Audifort to package a certain package to your budget and needs.
Audifort Competitors
It would therefore be prudent to consider the comparison between Audifort and the competition before getting into a contract. The GRC market is competitive as well, and there are some good alternatives:
AuditBoard
The closest rival is perhaps AuditBoard. It is a giant in the industry, with a good feature set and broad integration opportunities. Although AuditBoard is strong, it is also faster to learn and more expensive, which is why Audifort can be a more viable choice for those teams that value convenience.
LogicGate Risk Cloud
LogicGate is unique due to the high level of customisation. When your processes are more unique, and they cannot be put in the standard boxes, then you may want to consider the better choice of LogicGate. That flexibility, however, takes longer to set up, which is what Audifort is trying to accomplish in a shorter period of time.
Is Audifort the Choice You should have?
The choice of the right GRC platform is entirely reliant on the maturity of the organization and its pain areas.
Audifort is the ideal solution if:
- You are not using spreadsheets anymore and need a particular tool.
- Your company loves usability and a minimal interface over unlimited customization.
- You have to deal with different compliance frameworks at one point.
But you may find it in some other place, provided:
- You need very high-end, bespoke reporting services.
- You need a powerful mobile application for field audits.
- You are a large business that already has a legacy system in place (such as RSA Archer) with the need for intensive, bespoke integrations.
Finally, there is a good balance between functionality and simplicity of Audifort. It removes the friction brought about by the compliance management, and it does not complicate the process. When you are ready to make your audit workflow more modern, it is rational to schedule a demo and have a glimpse of how the interface looks. ProstAVive Review
