10 Best Automated Audit Software for 2024

June 30, 2025
Jason Berwanger
Accounting

Find the best automated audit software solutions to streamline your audit process, enhance accuracy, and improve compliance with our top 10 picks.

Automated audit software dashboard displaying key metrics.

For any business handling a high volume of transactions, growth brings complexity. The manual accounting processes that worked for a small company quickly become a bottleneck, making it difficult to close the books quickly or get a clear financial picture. This is more than an inconvenience; it’s a risk. Automated audit software is a strategic tool that helps you scale without sacrificing accuracy or speed. It integrates your disparate data sources, automates reconciliations, and provides real-time insights for better decision-making. In this article, we’ll explore the top solutions and show you how to implement a system that not only ensures compliance but also supports profitable growth.

Key Takeaways

  • Shift from Manual Audits to Strategic Oversight: Let software handle the repetitive data work to significantly reduce errors and speed up the audit cycle. This allows your team to focus their expertise on risk analysis and making better business decisions.
  • Prioritize Integrations and Industry Fit: The most effective audit software connects seamlessly with your existing tech stack (ERP, CRM) to create a single source of truth. Ensure your choice is tailored to your industry’s specific compliance rules, like ASC 606, to get a solution that truly works for you.
  • A Smart Rollout Ensures Long-Term Success: The software is only as good as its implementation. A successful adoption requires a clear plan, thorough team training, and a commitment to using its advanced features to maximize your return on investment.

What Is Automated Audit Software?

Think of automated audit software as your secret weapon for getting through audits faster and with fewer headaches. At its core, this software uses technology to handle many of the repetitive, time-consuming tasks involved in an audit. Instead of manually digging through spreadsheets and documents, the software can automatically gather data, perform analyses, and flag potential issues. This frees up your team to focus on what really matters: strategic analysis and critical thinking.

The goal isn't to replace human auditors but to empower them with better tools. By automating tasks like data entry and reconciliation, you significantly reduce the risk of human error, which can lead to costly mistakes and compliance issues. It streamlines the entire process, from initial data collection to final reporting, making audits less of a disruptive fire drill and more of a smooth, predictable operation. For high-volume businesses, this shift is a game-changer, providing a clear, accurate, and continuous view of your financial health. You can find more insights on financial operations and automation on our blog.

Key Features

The best automated audit software solutions share a few core features designed to make your life easier. You’ll often find a centralized dashboard where all audit-related activities and documents live, eliminating the need to hunt for information across different systems. Many tools use AI and analytics to automatically identify risks and anomalies you might otherwise miss. They also include features for real-time collaboration, allowing your team and external auditors to work together seamlessly. Other essential features include issue tracking to ensure problems are resolved and tools that provide real-time visibility into the audit's progress.

How Does It Work?

So, how does this software actually perform its magic? It focuses on automating specific steps within the audit process. It starts by integrating with your existing financial systems—like your ERP and CRM—to pull data automatically. This eliminates manual data entry and ensures the information is accurate from the start. From there, it uses technologies like Robotic Process Automation (RPA) to perform rule-based tasks, while AI and machine learning analyze the data for patterns and outliers. This allows the software to handle everything from sample selection to generating compliance reports, turning a complex, multi-step process into a more manageable workflow. HubiFi offers seamless integrations with popular accounting software to make this possible.

Overcome Common Implementation Hurdles

Adopting any new software comes with its challenges, but you can get ahead of them with a little planning. A common hurdle is underestimating the impact on your team's existing workflows. It's crucial to manage this change carefully by communicating the benefits and providing proper training. Another potential issue is the risk of errors if the software isn't configured correctly. To avoid this, take the time to properly plan the implementation and work with a partner who understands your business needs. A thoughtful rollout ensures you get the maximum benefit from the software without disrupting your operations. If you need guidance, you can always schedule a demo with an expert to walk you through the process.

The Top Automated Audit Software Solutions

With so many options on the market, finding the right automated audit software can feel overwhelming. To make it easier, I’ve put together a list of the top solutions available. Each platform has its own strengths, so think about your company’s specific pain points, like compliance, data integration, or team collaboration, as you read through the options. This will help you pinpoint the software that best fits your needs and sets your team up for success.

HubiFi

If your business handles a high volume of transactions and struggles with complex revenue recognition, HubiFi is built for you. It excels at pulling data from all your different systems—like your CRM, payment processor, and ERP—into one unified place. This isn't just about connecting data; it's about fully automating your accounting processes. HubiFi’s continuous reconciliations mean you can close your books in a matter of hours, not weeks. This gives you a clear, accurate financial picture much faster, which is a game-changer for passing audits and making strategic decisions. Its specialty in ASC 606 compliance makes it a standout choice for subscription and SaaS companies.

AuditBoard

Think of AuditBoard as a central hub for your entire audit team. It’s designed to streamline everything from risk management to compliance, making it a popular all-in-one solution. The platform’s strength lies in its collaborative tools, which help keep everyone on the same page and improve overall efficiency. If your team is juggling multiple spreadsheets and email chains to manage audits, AuditBoard can bring much-needed order to that chaos. It’s a comprehensive suite that helps you manage risk, stay on top of compliance, and execute audits more effectively. Many organizations use it to improve their audit workflows and get everyone working together seamlessly.

TeamMate+

TeamMate+ is a robust and user-friendly platform that supports the entire audit lifecycle. From the initial planning stages to execution and final reporting, it provides the tools your team needs to get the job done. Its intuitive interface is a big plus, as it helps reduce the learning curve and gets your team productive faster. TeamMate+ also offers solid integration capabilities, allowing it to connect with other systems you’re already using. It’s a preferred choice for audit teams that want a reliable, straightforward solution to manage their work from start to finish. The platform is well-regarded for helping teams enhance their productivity and streamline their internal audit processes.

AuditFile

For small to mid-sized firms looking to move away from manual processes, AuditFile is an excellent option. As a cloud-based solution, it makes your audit work accessible from anywhere. It simplifies the entire process with strong features for document management, workflow automation, and real-time collaboration. This is perfect for teams that want to modernize their practices without taking on an overly complex system. AuditFile helps you organize evidence, track progress, and work together in one secure environment. It’s a practical and efficient tool designed to help smaller firms modernize their audit practices and compete with larger players by working smarter.

Workiva

Workiva is a powerful platform known for its exceptional data integration and reporting capabilities. It connects directly to your various data sources to provide real-time insights for audit, risk, and financial reporting. One of its standout features is its collaborative environment, which allows multiple team members to work on documents and reports simultaneously without version control issues. This is incredibly useful for complex reports that require input from different departments. If your team needs to produce accurate, data-driven reports for regulators or stakeholders, Workiva provides a connected and transparent way to get it done. It’s a powerful platform for teams that need to ensure data consistency across all their compliance and reporting documents.

MetricStream

If you’re looking for a solution that goes beyond just auditing, MetricStream is worth a look. It’s a comprehensive Governance, Risk, and Compliance (GRC) platform where audit management is a key component of a much bigger picture. This is ideal for organizations that need to manage risk and ensure compliance across the entire business, not just within the finance department. MetricStream uses automated workflows and detailed reporting to help you stay on top of regulatory changes and internal policies. It provides a holistic view of risk, making it easier to connect your audit findings to broader business objectives. It’s a comprehensive GRC platform for a unified approach to risk management.

ACL GRC

Now part of Galvanize HighBond, ACL GRC is known for its powerful data analytics capabilities. This platform is designed for audit teams that want to dig deeper into their data to uncover trends, anomalies, and potential risks. Instead of just sampling data, its analytics tools allow you to test entire populations of data for a more thorough audit. This helps you move from a reactive to a proactive approach to risk management. By gaining deeper insights from your data, you can make better-informed decisions and provide more valuable recommendations to the business. It’s a great choice for teams looking to improve decision-making through advanced data analysis.

Resolver

Resolver is another platform that approaches auditing from a risk management perspective. Its core focus is on helping organizations identify, assess, and mitigate risks effectively. The audit management features are integrated into this broader risk framework, allowing you to connect your audit activities directly to the company’s most significant risks. Resolver is highly data-driven, providing insights that help you prioritize your efforts and focus on what matters most. If your goal is to build a more resilient organization by getting ahead of potential issues, Resolver provides the tools to make that happen. It’s a valuable tool for audit teams that want to take a data-driven approach to risk mitigation.

Galvanize HighBond

Galvanize HighBond brings together audit, risk, and compliance management into one comprehensive suite. As the platform that now includes ACL GRC, it offers a powerful combination of workflow automation, data integration, and advanced analytics. HighBond is designed to break down silos between departments, fostering better collaboration between audit, risk, and compliance teams. By creating a single source of truth for all GRC activities, it helps streamline processes and provide a holistic view of risk across the organization. It’s a robust solution for businesses that want to enhance collaboration and mature their overall governance programs through a unified platform.

Diligent Compliance

Diligent Compliance is a robust solution focused on helping organizations manage their compliance programs and audit processes with confidence. The platform is designed to streamline workflows, making it easier to track regulatory requirements, manage internal policies, and conduct compliance assessments. Its collaborative features ensure that everyone involved in the compliance process is aligned and has access to the information they need. For businesses in highly regulated industries, Diligent provides the structure and documentation necessary to demonstrate adherence to standards and pass audits. It’s a strong choice for teams that need to ensure adherence to complex regulatory requirements and improve their overall compliance posture.

Key Benefits and Considerations

Switching to an automated audit solution is a big move, but the advantages often speak for themselves. From saving time to gaining deeper insights, these tools can reshape how you view your financial operations. Of course, it's also wise to go in with a clear understanding of the potential challenges. Let's walk through the key benefits and considerations.

Improve Efficiency and Accuracy

Manual audits are a grind. They involve hours of tedious work, from chasing down documents to manually entering data into spreadsheets. This process is not only slow but also ripe for human error. A single misplaced decimal can have significant consequences. Automated audit software takes over these repetitive tasks, using technology to collect, sort, and analyze data automatically. This dramatically speeds up the audit cycle and frees your team to focus on strategic analysis rather than administrative work. By minimizing manual data handling, you also significantly reduce the risk of errors, leading to more reliable and accurate audit outcomes.

Strengthen Compliance and Risk Management

Staying on top of regulatory requirements like ASC 606 can feel like a full-time job. Automated audit software helps you maintain compliance by providing a structured, consistent process. These systems create clear audit trails, making it easy to demonstrate adherence to standards. Many platforms offer ongoing assessments of your internal controls, helping you proactively identify and address weaknesses before they become serious problems. Instead of waiting for an annual audit to find issues, you can manage risk in real time. This continuous oversight helps build a stronger, more resilient compliance framework for your entire organization.

Get Real-Time Data and Reports

How often do you have to wait for end-of-month or quarterly reports to get a clear picture of your financial health? Automated audit software changes that by providing real-time insights through intuitive dashboards. You can track key metrics, monitor audit progress, and generate custom reports with just a few clicks. This immediate access to information allows you to make faster, more informed decisions. If you want to see how these dynamic dashboards work, you can schedule a demo to explore the features firsthand and understand how they can provide clarity for your business operations.

Save Costs and Scale with Ease

While there's an upfront investment, automated audit software typically leads to significant long-term savings. By automating manual labor, you reduce the hours your team spends on audit tasks, directly lowering labor costs. Greater accuracy also means less time and money spent correcting errors. Furthermore, these solutions are built to scale. As your business grows and transaction volume increases, the software can handle the additional load without requiring a proportional increase in your audit team. This makes it a cost-effective solution that supports your company's growth, and you can explore different pricing models to find one that fits your budget.

Enable Continuous Monitoring

Traditional audits offer a snapshot in time, but your business operates continuously. Automated software enables continuous monitoring, a process where analytics are constantly running in the background to identify trends, anomalies, and potential risks as they happen. This shifts auditing from a reactive, backward-looking exercise to a proactive, forward-looking one. By connecting with your various financial systems, the software can flag unusual transactions or deviations from policy right away. This constant vigilance helps you stay ahead of issues and maintain a healthy control environment around the clock. You can learn more about how these integrations work to create a seamless data flow.

Address Potential Drawbacks

It’s important to have realistic expectations. Automated software is a powerful tool, but it's not a cure-all. The success of any system depends heavily on its implementation. If the software is configured improperly or if there are underlying bugs, it can lead to inaccurate results. There's also the initial investment of time and money to consider, along with the need to train your team to use the new system effectively. Acknowledging these potential hurdles is the first step in overcoming them and ensuring you get the most value from your investment. For more on this, you can find helpful insights on handling implementation challenges.

How to Choose and Implement the Right Software

Picking the right automated audit software is a big decision, but it doesn't have to be overwhelming. The key is to break the process down into manageable steps. By thinking through your company’s unique situation and what you hope to achieve, you can find a solution that not only fits your needs today but also supports your growth tomorrow. A thoughtful approach to choosing and implementing your software will set your team up for a smooth transition and long-term success.

Let’s walk through how to select the best tool for your business and get it up and running effectively.

Assess Your Company's Needs

Before you even look at a demo, start with an internal check-up. What are the biggest headaches in your current audit process? Are you spending too much time on manual data entry, struggling with version control on spreadsheets, or worried about human error? Make a list of your pain points and then define what success would look like. Your goal is to find software that aligns with your specific operational goals. Understanding what you need to fix is the first step toward finding a tool that provides a real solution and helps you achieve your mission.

Evaluate Features and Integrations

Once you know what you need, you can start comparing features. Look for software that automates the most time-consuming tasks and offers robust reporting and analytics. But don't stop there—one of the most critical factors is how well the software plays with your existing tech stack. A tool that doesn't connect to your ERP, CRM, or accounting software will only create more data silos. Prioritize solutions that offer seamless integrations to ensure a single source of truth for your financial data. This connectivity is what truly streamlines your audit process from end to end.

Consider Industry Requirements

Not all audit software is created equal, especially when it comes to industry-specific rules. A construction company has very different compliance concerns than a SaaS business dealing with ASC 606 revenue recognition. Be sure to select a platform that understands the nuances of your field. A general-purpose tool might get the job done, but specialized software will provide templates, workflows, and compliance checks tailored to your industry’s regulations. This saves you from having to build custom workarounds and gives you greater peace of mind. You can often find helpful industry insights on a potential vendor's blog.

Compare Pricing and ROI

Software pricing can be complex, with models ranging from per-user monthly fees to flat annual rates. When you request a quote, make sure you understand exactly what’s included. However, the cheapest option isn't always the best value. Think about the return on investment (ROI). How much time will your team save? How much will you reduce the risk of costly compliance errors? A slightly higher upfront cost might deliver significantly more value in the long run. Compare different pricing models and weigh them against the potential savings in efficiency and accuracy.

Keys to a Successful Implementation

Choosing the software is only half the battle; implementing it correctly is what makes it work. A structured rollout is essential. Start by creating a clear implementation plan with a realistic timeline, defined milestones, and assigned responsibilities. Begin with a pilot program, perhaps with a single department or process, to work out any kinks before a company-wide launch. A careful, phased approach helps manage the transition smoothly, minimizes disruption to your daily operations, and ensures you get the maximum benefit from your new tool from day one.

Plan for Training and Change Management

For any new software to stick, your team has to be on board. That’s where training and change management come in. Don't just show them which buttons to click—explain why you're making the change and how it will make their jobs easier. Provide comprehensive training sessions and create easy-to-access resources for ongoing support. Establishing clear roles for who manages the system is also crucial. A great first step is to have key team members schedule a demo with potential vendors to get comfortable with the platform and ask questions early on.

Get the Most from Your Software

Choosing and implementing your automated audit software is a huge step, but the work doesn’t stop there. To truly get your money's worth and see a real impact on your operations, you need to actively manage and use the tool. Think of it less like a household appliance you set and forget, and more like a high-performance car that needs the right driver to reach its potential. By understanding its features, clearing up common myths, and staying current, you can make sure your software delivers on its promise of efficiency and accuracy for years to come. This proactive approach helps you adapt to changes in your business and the broader regulatory environment, ensuring your investment continues to pay off.

Use Advanced Features Effectively

Simply having the software installed isn't enough—you have to dig into its more powerful capabilities. Many teams barely scratch the surface, using their new tool for basic tasks while ignoring the features that could save them the most time. Take a look at what your software offers beyond the basics. For example, true audit automation can handle repetitive work like data entry and analysis, which not only speeds up the audit cycle but also significantly reduces the chance of human error. Schedule regular check-ins with your team to see which features they’re using and which ones they might need more training on. You might discover an automated workflow or reporting tool that completely changes your process for the better.

Clear Up Common Misconceptions

Let's clear the air on a few things. A common myth is that these tools fully automate the audit process, removing the need for human oversight. That’s simply not true. Automated software is a powerful assistant, but it can’t replace the critical thinking and professional judgment of your team. Another fear is that automation will make jobs redundant. In reality, it frees up your financial professionals from tedious, manual tasks so they can focus on more strategic work like risk analysis and advisory services. By handling the myths head-on, you can get better buy-in from your team and set realistic expectations for what the software can and can’t do.

Keep Up with Updates and Improvements

Technology is always moving forward, and your audit software is no exception. The developers behind these platforms are constantly releasing updates, patching security vulnerabilities, and adding new features based on user feedback and changing regulations. It’s crucial to stay on top of these improvements. Remember, automation is a programmed logic; it doesn't have reasoning capabilities of its own and relies on the instructions it's given. By installing updates, you ensure the logic is current and effective. Make it a habit to read the release notes and explore new functionalities. You can also check out our HubiFi blog for insights on how to apply new tech to your financial processes.

What's Next in Automated Auditing?

The future of auditing is leaning heavily into artificial intelligence and machine learning. These technologies promise even smarter and more predictive capabilities, like identifying anomalies in massive datasets that a human might miss. As these tools evolve, the focus will remain on maintaining high audit quality standards set by bodies like the PCAOB. The goal isn't to replace auditors but to enhance their abilities, giving them more powerful tools to ensure accuracy and compliance. Staying informed about these trends will help you prepare for what’s next and ensure your company is ready to adopt the next generation of auditing technology when the time is right.

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Frequently Asked Questions

Will automated audit software replace my finance team? Not at all. Think of this software as a powerful new member of your team, not a replacement for it. Its job is to handle the repetitive, time-consuming tasks that bog down your skilled professionals, like manual data entry and reconciliation. This frees up your people to focus on what they do best: strategic analysis, risk assessment, and making critical judgments. The goal is to empower your team with better tools, not to make them obsolete.

We're a growing business, not a huge corporation. Is this type of software still right for us? Absolutely. Automated audit software isn't just for large enterprises. Many solutions are designed specifically for small to mid-sized businesses that want to move away from manual spreadsheets and establish more efficient processes. The key is to find a tool that matches your specific needs. Whether you're struggling with compliance or just want to close your books faster, there's likely a platform that can scale with you as you grow.

What's the real difference between a general audit platform and a specialized one? General audit platforms are great for organizing workflows and improving team collaboration across a wide range of standard audit tasks. A specialized tool, on the other hand, is built to solve a very specific and often complex problem. For example, a platform like HubiFi is designed for businesses with high transaction volumes that need to automate complex revenue recognition under rules like ASC 606, which requires deep integration with multiple data sources.

How do I know if my company is actually ready for this kind of software? A good way to tell is by looking at your current pain points. Are you spending weeks trying to close the books each month? Is human error causing costly rework and compliance headaches? Do you lack a clear, real-time view of your company's financial health? If you're nodding along to these questions, it’s a strong sign that your processes are holding you back and that automation could provide a significant benefit.

How much work is involved in getting this software up and running? The implementation process depends on the complexity of your business and the software you choose. It’s not an overnight switch. A successful rollout involves careful planning, starting with a pilot program to work out any issues before a full launch. Working with a vendor who provides strong support and understands your business needs is crucial. A thoughtful implementation ensures the software is configured correctly and that your team is trained and ready to use it effectively from day one.

Jason Berwanger

Former Root, EVP of Finance/Data at multiple FinTech startups

Jason Kyle Berwanger: An accomplished two-time entrepreneur, polyglot in finance, data & tech with 15 years of expertise. Builder, practitioner, leader—pioneering multiple ERP implementations and data solutions. Catalyst behind a 6% gross margin improvement with a sub-90-day IPO at Root insurance, powered by his vision & platform. Having held virtually every role from accountant to finance systems to finance exec, he brings a rare and noteworthy perspective in rethinking the finance tooling landscape.