Introducing Ideagen’s new technology editions for internal audit and enterprise risk management
Jul 28, 23
Ideagen is building a new technology edition of our internal audit and risk management solutions.
It will combine the rich functionality that our users love with a clean, modern interface that's easy for everyone to engage with.
You'll also get something truly unique – a single environment for audit and risk data where the integration is natively built. No bolt-ons required.
What’s unique about the new-tech editions?
There will be two new SaaS editions that specialize in audit and risk:
- Enterprise Risk Management
- Internal Audit
Each solution works independently of the other – you don’t need to have both. But if you want live enterprise risk data that feeds directly into your audit universe, without complex bolt-ons, then this is the only system that can do it in a single environment.
You don’t need to worry about data falling through the cracks, or work being lost.
Enterprise Risk Management: The New-Tech Edition
Ideagen’s new edition is designed to help companies fully understand the effect of risk on performance, so they can react in an agile and well-informed way.
Highlights:
- Flexible scoring and formulas: This will be the most flexible software for assessing risk in the way that works best for your business - not in a way that’s dictated by your risk management software.
- Intelligent connections: connect the dots by linking every KPI, event, and outcome across your organization so that risk is fully understood.
- Two-way API: Every business uses a range of digital solutions. But that shouldn’t be a barrier to you getting the data that you need. The new technology will have a two-way API that’s native to the product, giving you a true enterprise risk data hub.
- ‘No excuses’ risk management: this is easy to use tech for everyone, from daily to casual users – no excuses! You’ll find yourself chasing people less.
- Enhanced content library: Centralized library for objectives, risks, controls and tasks
(ORCT) that’s easy to access and keep up to date.
Internal Audit: The New-Tech Edition
Purpose-built for internal auditors, this modern SaaS edition connects everyone and everything in your audit universe.
Highlights:
- Enterprise risk data feed: Get a real-time view of the risk landscape from your internal audit system so that all activity is in line with risk priorities.
- Two-way API: It’s very easy to embed this into your company’s IT infrastructure with a two-way API. Data is updated and collated automatically from any software that your company uses.
- Advanced automation: This is a real time-saver. Automate workflows, get instant alerts when a risk needs to be escalated to internal audit, and make sure tasks stay on schedule.
- Ease of use: The system is designed by internal auditors, so you’re in safe hands. Get your team up and running quickly, spend less time managing systems, and get things done with fewer clicks between steps.
- No hidden costs, no limits on audits: the simple licensing model means that you get what you need to plan, manage and execute the audit lifecycle in the way that works best for your company.
How will the new technology editions integrate with other systems you use?
This is where Ideagen’s new internal audit and risk management editions really shine.
Most companies use a range of digital tools, covering different departments and specific needs. This can make it difficult and time-consuming for audit and risk teams to see the data they need, and to pass information to stakeholders. It also creates blind spots where risks can go unnoticed and unchallenged.
We think that the only way to get a complete view of risk is if all your systems talk to each other - from the frontline to board level.
Ideagen’s new editions will have a two-way API that’s native to internal audit and enterprise risk. This means that it can feed data into and out of any other SaaS software used in your business. You don’t need to buy a separate tool to make this connection.
When are the new-tech editions coming?
- Risk Management will launch in March 2024
- Internal Audit will also launch in March 2024
What will happen if you are now using Pentana Audit or Pentana Risk?
If you are using Pentana Audit or Pentana Risk already, then you can move on to the new software editions whenever you are ready. We will continue to support you.
In the meantime, you will notice a name change.
- Pentana Audit and Pentana MK are now known as Ideagen Internal Audit.
- Pentana Risk is now known as Ideagen Risk Management.
The full Ideagen software portfolio is being renamed in a similar way – it doesn’t affect how you use the existing audit and risk editions. Find out more
Want to know more? Contact us and be the first to hear the updates on our new editions.