A skills audit tool should provide the capability to quickly understand the underlying skills data of employees, teams and the organization as a whole. From an internal perspective this helps to understand employee skills gaps and objectively engage those employees around their progression. It also enables greater development and collaboration across different teams. An external Skills Audit is generally done via a 3rd party, and has a goal of understanding organizational compliance, or an objective view of employee capabilities in merger and acquisition situations. For both instances, by becoming a skills-based business and embedding a skills management system will provide significant efficiencies in the data capture, measurements and objective decision making.