Ideagen’s audit management product garners fresh recognition

Credit: Shutterstock.com/ YURALAITS ALBERT

Ruddington-based software solutions provider Ideagen has been recognised as a Representative Vendor by Gartner for its Pentana audit management product.

Gartner, which delivers research to global technology organisations and business leaders, named Ideagen among the representative vendors in its recent “Market Guide for Audit Management Solutions”.

The report assesses the global and current audit software market, and Pentana was evaluated on criteria expected of a modern auditing application.

Colin Smith, Ideagen’s head of audit, said: “We firmly believe that Ideagen Pentana is the leading audit automation software on the market and we are delighted to be recognized by a well-respected organisation’s such as Gartner.

“Our Pentana software offers a complete solution for risk-based auditing, leveraging our enterprise risk management expertise and technology to deliver ambitious organisational governance objectives and high operational performance.

“Audit teams in regulated businesses need visibility of current and emerging risks in all areas of the organisation in order to manage these risks, ensure compliance and prevent failures while at the same time connecting business strategy to operational performance and facilitating stakeholder participation.

“Through Pentana, the software generates a “three lines of defence” environment that drives compliance and delivers real time insights into the organisation’s risk profile and the status of management and financial controls”.

Currently, Ideagen Pentana is used by over 450 organisations worldwide including Heineken, BBVA, PwC, BT, Shell, Sky and BDO.