Syft Analytics vs Workiva Audit Management

Syft Analytics turns accounting and connected business data into financial reports, visualizations, budgets, forecasts, and insights. Reports support sorting, filtering, comparisons, drill-down, and export to PDF, Word, or Excel, and can be shared as interactive Live View reports. Budgets can combine profit and loss, balance sheet, KPIs, and non-financial Connections data. Scenario support in the newer budget and forecast experience is available on Advanced. Syft Assist AI can generate report and visualization insights, summaries, and action items, depending on plan. Listed connections include Xero, QuickBooks Online, Sage, MYOB, FreeAgent, Sage Intacct, Stripe, Shopify, and HubSpot. Spreadsheet Link works with Microsoft Excel and Google Sheets on Standard, Plus, and Advanced. Standard includes one dashboard and P&L budgets only; Plus allows up to three dashboards and budgets; Advanced allows unlimited dashboards and budgets. The web service has a free plan and a 14-day trial, with encryption, access controls, MFA, and stated SOC 2 certification.

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.