Audit & Compliance

Wolters Kluwer TeamMate is a comprehensive audit management platform specifically designed for internal audit departments, providing dedicated tools for risk-based audit planning, fieldwork execution, issue management, and reporting. Part of Wolters Kluwer's financial and risk advisory solutions, TeamMate has served internal audit professionals for over 30 years and is deployed at thousands of organizations worldwide. TeamMate+ is the current cloud-based version, supporting the complete internal audit lifecycle from risk assessment through audit reporting. Risk Assessment tools enable auditors to evaluate and prioritize risk across the audit universe, creating defensible risk-based audit plans. Audit Project Management provides structured workpaper management, task assignment, and review workflows. Time Tracking captures audit hours for budgeting and efficiency analysis. Issue Management tracks findings, root causes, and management action plans through resolution. Analytics and Reporting provide real-time dashboards on audit status, key risk indicators, and portfolio metrics. The platform integrates with data analytics tools including IDEA and ACL for transaction-level testing. Wolters Kluwer's regulatory content expertise complements TeamMate's process capabilities with up-to-date guidance on audit standards and regulatory changes. TeamMate is particularly popular with financial services internal audit departments, government internal auditors, and large corporate audit functions. Its dedicated audit focus—as opposed to broader GRC platforms—means features are optimized for auditor workflows.

Workiva is the leading cloud platform for connected financial reporting, audit management, and compliance, trusted by over 6,000 organizations globally including most Fortune 500 companies. Founded in 2008 and public since 2014, Workiva's Wdesk platform connects data, documents, teams, and processes for financial close, SEC reporting, internal audit, and ESG disclosure. The platform's connected data model is its core differentiator—when source data changes, every linked report, presentation, and document updates automatically, eliminating the manual update cascades that cause errors in traditional workflows. SEC Filing capabilities support 10-K, 10-Q, 8-K, and proxy statement preparation with XBRL tagging for regulatory submission. Financial Close management provides checklist-based close processes with role assignments and status tracking. Internal Audit management offers risk-based audit planning, fieldwork documentation, and reporting. ESG reporting has become a major growth area, with Workiva's platform supporting sustainability disclosure frameworks including GRI, SASB, TCFD, and CSRD. SOX compliance management tracks control documentation, testing, and deficiencies. Workiva's integration with ERP systems and data sources automates data population. The platform's collaboration features enable distributed teams to work simultaneously on complex financial documents. Workiva commands premium pricing but delivers significant ROI through reduced preparation time and error elimination for high-stakes financial reporting.