Emfino vs Workiva Audit Management

Emfino is financial software for reporting, consolidation, budgeting, data validation, and analysis across multiple entities. Reports, including consolidated reports, can drill down to transaction-level data. The principal module provides import checks, mapping, built-in reports, a custom report builder, user action logs, cost allocation, IFRS and group adjustments, user management, and monthly sign-off. Consolidation includes inter-group reconciliation, automated inter-group eliminations, and rule- or formula-based adjustment bookings. Emfino accepts transaction, trial balance, balance-sheet split, and key-value data. It can use accounting or ERP systems that export required transaction and trial-balance information in Excel; named examples include Xero, 1C, SAP, QuickBooks, Microsoft Dynamics 365 Business Central, Epicor iScala, Sage, and NetSuite. API imports can be added after manual imports work and pass validation. Subscriptions include secure storage, daily backups, technical support, and a demo system. Included limits are 50 users, five actual import formats, and 40 million cumulative transaction lines.

Workiva Audit Management supports internal audit teams with audit planning, testing, evidence collection, issue tracking, and remediation. Its workflows include AI-driven features, pre-built frameworks, and testing automation. Audit Analytics can examine complete data populations to identify anomalies, errors, potential fraud, and trends for investigation. Teams can adopt and track conformance with the IIA Global Internal Audit Standards. Workiva says each plan includes more than 70 connectors, such as Oracle, Salesforce, Workday, and BlackLine, plus open APIs; iOS and Android mobile apps are also included. Plans have unlimited seats or users, but pricing and packaging are tailored to organizational needs and prices are available on request. Workiva lists SOC 1 Type II, SOC 2 Type II, ISO/IEC 27001:2022, CSA STAR, and FedRAMP Moderate credentials. It states that data is encrypted at rest using AES 256-bit encryption and that contracts include a 99.5% uptime commitment. Global technical support is available 24/7/365, alongside Customer Success Managers and learning resources. Workiva connects audit workflows with finance and risk on a shared platform.