Best Internal Audit Management Software in 2025

Internal audit management is critical for organizations to ensure operational efficiency, compliance with regulations, and risk mitigation. 

With the ever-increasing complexity of business processes, internal audit management software (IAM) plays a pivotal role in automating and streamlining audits. 

This guide will walk you through the top internal audit management software options of 2025, highlighting FlowForma’s powerful, no-code platform and its advantages over other competitors.

What is Internal Audit Management Software?

Internal audit management software helps businesses automate, manage, and optimize their audit processes. 

By automating tasks like evidence collection, documentation, risk assessments, and reporting, these tools help organizations reduce the time and manual effort involved in traditional audit processes. Effective IAM software also ensures that compliance gaps and risks are identified early, assisting businesses in taking corrective actions before problems escalate.

The right internal audit solution helps auditors and compliance officers conduct walkthrough inspections, gather evidence, and provide data analysis, all in one integrated platform.

The Benefits of Using Internal Audit Software

Benefits of using internal audit management software

Let us expand upon some key internal audit management software benefits:

• Risk Mitigation: Internal audit software helps businesses spot and address risks early, reducing errors and potential disruptions. With automated workflows and real-time tracking, it ensures quick corrective actions, allowing management to focus on growth.

• Better Compliance: Staying compliant with industry regulations like DORA for financial services or GDPR for healthcare services is crucial. Audit management software automates compliance checks and provides real-time visibility, helping businesses avoid penalties while maintaining efficiency.

• Improved Workflow Efficiency: By automating repetitive tasks and organizing audits, internal audit tools streamline processes. This allows audit teams to prioritize high-risk areas, boosting efficiency and reducing delays.

• Enhanced Security:  Internal audit tools detect potential threats early, enabling businesses to take immediate corrective actions and reduce the risk of fraud or security breaches.

• Transparency and Accountability: With clear tracking and reporting, audit software promotes transparency, ensuring that all actions are documented and responsibilities are clear. This fosters accountability across the organization.

• Trust with Stakeholders: Well-documented audits build confidence with customers, partners, and investors. Clear compliance and audit trails demonstrate that the business is reliable and ethically managed.
  

• Sustained Growth: By identifying risks and optimizing processes, internal audit management software lays the groundwork for long-term business success, allowing organizations to stay agile and focused on growth.

💡Case Study in Focus: Aon – Standardizing Insurance Renewal Processes

Aon’s internal audit processes for insurance renewals were inconsistent across business units, relying heavily on manual methods like Excel and email. This led to poor visibility, inefficiency, and compliance risks, making it difficult to track and report on processes in a structured manner.

Video showcasing how FlowForma was used by Aon to transform legacy processes

FlowForma Process Automation was used to digitize and streamline Aon’s renewal workflows. The tool enabled automated approvals, document generation, and centralized process data. It also integrated audit-ready compliance checks and built-in audit trails for better tracking.

It transformed operations by standardizing processes, improving compliance, and facilitating easier cross-functional collaboration. 

Aon’s review of FlowForma

Key Features to Consider in Internal Audit Management Software

Key features to look for in audit management software

When evaluating internal audit software, look for these essential features:

• Audit Trail: Complete record of actions taken during audits.

• Real-Time Reporting: Instant access to audit updates and data.

• Risk Management Integration: Connects audit processes with risk management tools.

• Automated Workflows: Reduce manual effort by automating audit processes.

• Document Management: Automatic generation and storage of audit documents.

• Mobile Compatibility: Access audit data and perform tasks from any device.

Top Internal Audit Management Software in 2025 

Let us take a quick look at the 10 best internal audit management software. 

10 Best Internal Audit Management Software in 2025 

Now that we’ve taken a quick look at the ten best tools in the market, let us explore each one in detail. 

1. FlowForma

FlowForma homepage

FlowForma offers an intuitive, AI-powered platform designed for businesses looking to automate their internal audit workflows without the need for technical expertise. This platform enables quick setup and fast automation of complex processes, ensuring real-time visibility and compliance tracking. 

Besides, FlowForma’s integration with Microsoft 365 makes it an ideal solution for businesses looking to streamline their audit management while reducing manual intervention.

FlowForma Key Features

1. No-code workflow automation

FlowForma’s no-code workflow automation empowers internal audit teams to design, automate, and optimize audit processes without the need for coding skills. 

Advantage of FlowForma’s no-code platform

Users can create complex audit workflows for tasks like risk assessments, field inspections, and approval chains, making it easy for auditors to adapt and streamline operations.

2. Real-time reporting

FlowForma’s real-time reporting feature including audit reports 

The real-time reporting feature provides audit managers with instant access to data, progress updates, and key performance indicators. This ensures that audit teams can monitor the effectiveness of their processes, identify bottlenecks, and quickly adjust strategies when necessary. 

3. AI-powered automation

The platform’s AI-powered Copilot and Agentic AI make audit workflows smarter by automating decision-making, suggesting process improvements, and extracting actionable insights from audit data. 

Caption: FlowForma’s AI Copilot 

The Copilot helps guide the creation and modification of audit processes, while Agentic AI assists with real-time actions, such as pulling data from documents or automating repetitive tasks. This helps auditors focus on high-value tasks while enhancing the overall speed and accuracy of audits.

Learn more about leveraging Agentic AI and FlowForma AI Copilot in our AI masterclass.

4. Audit trail for compliance

FlowForma’s built-in audit trail feature automatically logs all actions within the audit process, creating a secure and traceable record of every step taken. 

Internal audit management software helps maintain audit trail for compliance

This ensures full transparency and accountability, which is particularly useful for financial, insurance, and adjacent sectors. It also supports compliance with industry standards and regulations like DORA, GDPR, ISO, etc. 

5. Automated document generation

FlowForma automates the generation of audit documents, such as reports, contracts, and compliance certificates, directly from the data captured within the audit process. 

This eliminates the need for manual document creation, reducing errors and ensuring accuracy, consistency, and regulatory compliance. 

The platform also offers version control, allowing audit teams to track document changes and maintain a clear history of updates. By streamlining document generation and versioning, audit teams save time, improve efficiency, and enhance document integrity.

6. Built-in compliance tracking

The platform provides built-in compliance tracking, ensuring that all audit processes adhere to internal policies and external regulatory requirements. It allows auditors to monitor compliance in real time, track deviations, and take corrective actions quickly.

 How FlowForma's Compliance Module Helps Organisations

7. Data security 

FlowForma ensures that all audit data is securely stored within your organization’s own SharePoint tenancy, integrating seamlessly with the broader Microsoft environment. This gives businesses full control over their data, ensuring it is protected with enterprise-grade security measures such as role-based access control and data encryption.

By leveraging Microsoft 365, FlowForma offers a secure, scalable platform for internal audit management, providing seamless integration and enhanced data privacy.

✅Real-world example: How Coinford ensured compliance with the Building Safety Act

Coinford, a construction company, faced challenges in ensuring compliance with the Building Safety Act, particularly regarding safety audits and regulatory checks during the construction process. Managing these manually led to inefficiencies, risks, and potential compliance issues.

FlowForma’s platform was implemented to automate internal audit processes, including safety audits and compliance checks related to the Building Safety Act. 

The platform’s in-built compliance tracking allowed Coinford to monitor all audit activities in real-time, ensuring all processes adhered to the latest regulatory requirements.

ROI Stats from Coinford

With clear audit trails and compliance visibility, Coinford could take immediate action on non-compliance issues. Read the entire case study here. 

FlowForma Pros

• No coding required, accessible for all
• Transparent pricing, no hidden costs
• Discovery Agent, Agentic AI and AI Copilot for intelligent automation 
• Offers in-built document generation, compliance, and audit trail features 
• Adheres to global internal audit standards 
• Microsoft 365 integration

FlowForma Cons

• Initial onboarding may be needed
• Not suitable for small businesses

FlowForma Pricing

When it comes to internal audit management software pricing, choose a tool that offers transparent, process-centric pricing to ensure the costs remain predictable and only escalate with your needs.

Tools like FlowForma offer transparent, process-based pricing with no hidden fees.

This structure allows mid-sized organizations and enterprises to scale their use with evolving needs, without worrying about hidden costs. 

Check out the complete pricing details here.

2. AuditBoard

 AuditBoard Homepage

AuditBoard is an enterprise-grade audit management software that offers seamless integration with risk management and SOX compliance.

With features that help track compliance with SOX regulations and other financial standards, AuditBoard is ideal for companies in regulated industries. Its real-time reporting capabilities make it easier for teams to stay updated and ensure compliance at all stages of the audit process.

AuditBoard Key Features

• Audit management for large enterprises
• Manage SOX audits and compliance
• Connects with risk management tools
• Streamlines audit workflows for effective workflow management 
• Real-time dashboards provide live updates on audits

AuditBoard Pros

• Built for the complex audit requirements of large enterprises
• Comprehensive compliance features
• Excellent support for maximizing platform use

AuditBoard Cons

• Complex features require time to learn
• Expensive for businesses with fewer resources

3. Workiva

 Workiva homepage

Workiva provides an audit management solution with a strong focus on financial compliance and ESG (Environmental, Social, and Governance) reporting. This software integrates seamlessly with financial systems, enabling teams to streamline audit workflows while ensuring full regulatory compliance. 

Workiva also offers extensive real-time reporting features, which are essential for businesses managing complex financial and ESG audits.

Workiva Key Features

• Manages financial audits and compliance
• ESG reporting tools to track environmental, social, and governance data
• Automated reporting and dashboards
• Integrated workflow management
• Collaboration tools to enhance communication between teams.

Workiva Pros

• Supports the management of environmental and social audits
• Works seamlessly with financial systems
• User-friendly reporting makes compliance and reporting easy

Workiva Cons

• Limited non-financial audit support
• Expensive for smaller organizations
  
  

4. TeamMate+ (Wolters Kluwer) 

Wolters Kluwer solutions page: TeamMate+Audit

TeamMate+ offers comprehensive audit management features tailored to public sector organizations and multinational corporations.

Its features enable organizations to standardise and streamline audit workflows across multiple locations, ensuring consistency and compliance at a global level. With a strong focus on regulatory compliance, TeamMate+ provides a full suite of tools for audit tracking, reporting, and document management.

TeamMate+ Key Features

• Global audit management
• Supports multinational organizations 
• Risk management integration
• Compliance tracking for regulatory compliance
• Automated reporting for generating detailed audit reports

TeamMate+ Pros

• Ideal for public sector and global teams
• Strong compliance tracking ensures adherence to regulatory standards
• Comprehensive reporting for audit and compliance

TeamMate+ Cons

• Requires time for global setup
• Pricing is on the higher end for smaller businesses

5. Resolver 

Resolver internal audit management page

Resolver is a specialised internal audit management tool that focuses on providing real-time insights into audit and risk management. 

Its capabilities extend beyond simple audit management, offering advanced analytics that help organizations identify and mitigate risks during the audit process. Resolver’s real-time analytics enable businesses to track audit progress and adjust their strategies as needed.

Resolver Key Features

• Real-time risk management
• Provides in-depth audit data analysis
• Built-in compliance features
• Auto-manages audit documentation
• Real-time reporting for immediate access to audit status

Resolver Pros

• Proactive risk management to address risks before they escalate
• Advanced analytics provides deep insights for decision-making
• Comprehensive compliance features

Resolver Cons

• Complex interface that requires time to learn
• Can be expensive for smaller businesses

6. Nintex 

Nintex homepage

Nintex supports businesses that require automation of complex audit workflows and documentation. 

With powerful workflow automation capabilities, Nintex simplifies the creation of customised audit processes while ensuring that all documentation is generated and stored automatically. 

Its ability to handle complex processes makes it a great choice for organizations with advanced auditing needs.

Nintex Key Features

• Supports complex workflow automation
• Automates document creation
• Real-time workflow monitoring to track workflows in real time
• Seamlessly integrates with existing tools

Nintex Pros

• Highly customizable for complex auditing needs
• Advanced automation to automate intricate tasks effectively
• Provides live updates on workflow progress

Nintex Cons

• Initial training is required for effective use
• Higher cost, especially for smaller businesses

7. Power Apps + Power Automate 

Microsoft Power Platform

Power Apps and Power Automate are great for businesses already using Microsoft products. These tools enable users to create custom audit workflows that integrate seamlessly with other Microsoft applications like SharePoint and Teams. 

Power Apps allows for easy customisation of audit flows, while Power Automate automates those processes, improving efficiency and reducing errors.

Power Platform Key Features

• Custom workflow design for tailored audit workflows
• Works seamlessly with Microsoft 365
• AI-powered automation for automating decisions and tasks 
• Automated alerts that notify users of key actions
• Seamless integration with Microsoft 365

Power Platform Pros

• Ideal for businesses using Microsoft tools
• Customizable workflows support building tailored solutions for audits
• Leverages Microsoft’s AI capabilities

Power Platform Cons

• Limited use outside of the Microsoft environment 

8. Onspring 

Onspring’s internal audit management platform

Onspring is designed to align audit, compliance, and GRC workflows. It enables businesses to automate audit processes while ensuring that all workflows are compliant with industry regulations. 

With a focus on simplicity and scalability, Onspring is suitable for businesses of all sizes looking to streamline their audit and compliance processes.

Onspring Key Features

• Automates audit and compliance processes
• Aligns audits with governance, risk, and compliance (GRC) functions
• Customizable workflows tailored to your needs
• Real-time reporting provides live updates on audit status
• Manages audit documentation

Onspring Pros

• GRC-focused for businesses integrating audit with GRC
• Easy-to-learn interface
• Works for businesses of all sizes

Onspring Cons

• Limited features for large organizations with complex audit needs

9. LogicGate

LogicGate internal audit management page

LogicGate offers a unique solution for businesses looking to automate audits while also mapping risks. This integrated approach helps businesses gain better insights into both their audit processes and risk management.

LogicGate Key Features

• Integrated risk mapping 
• Audit automation that automates repetitive audit tasks
• Real-time monitoring to provide immediate updates on status
• Compliance tracking to ensure audit compliance
• Risk-based workflow automation

LogicGate Pros

• Combines audits and risk management
• Real-time updates to keep businesses informed instantly
• Customizable workflows for unique audit needs

LogicGate Cons

• Complex interface that requires training to navigate
• Needs significant investment to implement

10. MetricStream

MetricStream internal audit management platform

MetricStream is a governance, risk, and compliance (GRC) software platform that offers a comprehensive suite of tools to manage internal audits across large, global enterprises.

It is designed for businesses that require mature audit and compliance frameworks, and it seamlessly integrates with other business systems. 

MetricStream stands out for its advanced capabilities in managing audits and internal controls across multiple regions, helping global enterprises stay compliant with evolving regulations.

MetricStream Key Features

• Manage audits across multiple locations and regions
• Combines audit management with broader GRC functions
• Keeps detailed records of audit activities for compliance
• Automates the entire audit process, from planning to reporting
• Combines audit data from different systems for holistic insights

MetricStream Pros

• Suited for large, global enterprises with complex audit and compliance needs
• Provides an integrated approach to governance, risk, and compliance
• Offers reporting and analytics capabilities for audit tracking and compliance monitoring

MetricStream Cons

• The platform requires significant time and effort for setup, especially in global environments
• Pricing can be prohibitive for smaller organizations due to its enterprise-focused design

Achieve Operational Excellence through FlowForma’s Internal Audit Management 

FlowForma customer testimonial from Hegarty

Choosing the best internal audit management software depends on your organization's specific needs. Whether you prioritize no-code automation, advanced risk mapping, or seamless integration with existing systems, the tools listed above offer a wide variety of features and capabilities to suit any business.

FlowForma stands out as a powerful, user-friendly, and cost-effective workflow automation solution that makes internal audit automation accessible to all, regardless of technical expertise. For organizations looking for fast, scalable automation with a clear ROI, FlowForma is the ideal choice.

Ready to get started? Request a demo and discover how FlowForma can streamline your internal audit processes today.