AuditBoard Review - Features, Pricing & Deals

AuditBoard is a cloud-based platform that helps organizations manage their audit, risk, sustainability, and compliance processes. The software serves businesses across many industries, from retail and insurance to construction and transportation.

The platform combines several key functions into one unified system. Users can handle risk assessments, plan audits, and track compliance requirements all in one place. It integrates smoothly with common business tools like Microsoft Office and Google Drive to help teams work more efficiently.

Organizations use AuditBoard to streamline their workflows, from initial planning through to final reporting. The system automates many routine tasks, such as document requests and follow-ups, which helps reduce manual work. Teams can also access real-time insights through dashboards and create custom reports to track progress.

While pricing isn't publicly available, AuditBoard offers custom quotes based on each organization's specific needs. Companies need to contact their sales team directly for detailed pricing information.

Today, many Fortune 500 companies rely on AuditBoard for their audit and compliance needs. The platform has earned recognition for its governance, risk, and compliance capabilities, with users particularly noting its easy-to-use interface and comprehensive feature set.

Online Reviews (Last 6 Months Summarised)

AuditBoard offers a mixed bag of features that audit and compliance professionals find both impressive and frustrating. Users love its intuitive interface and centralized platform, which simplifies complex workflows and allows seamless team collaboration. The innovative tools, like the SOXHUB module, help generate risk and control matrices quickly.

However, the platform isn't without drawbacks. Some users find the cost prohibitively high, especially for smaller organizations, and report challenges with customization and technical limitations. Customer support gets mixed reviews, with complaints about proactive communication during system issues. While the platform shows promise, potential buyers should weigh its strengths against these potential friction points.

Features

  • Comprehensive Audit Management: Conduct thorough risk assessments, plan audits strategically, and streamline documentation workflows across your organization.
  • Operational Audit Templates: Create flexible audit processes using customizable templates, filter issue data, and initiate remediation projects seamlessly.
  • Advanced Collaboration Tools: Automate document requests, track stakeholder progress, and maintain a centralized view of auditable entities and risks.
  • Real-Time Analytics Dashboard: Access visual insights into audit performance, track action plans, and support both agile and traditional project methodologies.
  • Enterprise Integration Capabilities: Seamlessly connect with best-of-breed applications like Microsoft Office and Google Drive to enhance productivity.
  • Compliance and Risk Management: Support global internal audit standards, manage IT security audits, and align audit activities with strategic organizational objectives.
  • Automated Remediation Workflows: Identify and resolve issues efficiently, support multiple remediation owners, and track comprehensive action plans.

Pricing

  • AuditBoard offers custom pricing tailored to each organization's specific needs, requiring direct contact with their sales team for a personalized quote.
  • Pricing structure is not publicly transparent, with costs varying based on organization size, industry, and specific feature requirements.
  • No standard fixed pricing tiers are available, emphasizing a bespoke approach to software licensing and implementation.
  • Enterprise-level clients can expect more comprehensive pricing discussions that include potential volume discounts and multi-year contract options.

Frequently Asked Questions

What does AuditBoard do exactly?

AuditBoard is a cloud platform that helps companies manage their audit, risk, compliance, and ESG programs all in one place. It lets teams work together on tasks like SOX compliance, operational audits, risk assessments, and security questionnaires. Think of it as mission control for your governance and risk teams - they can track projects, share documents, and create reports without jumping between different systems.

Is AuditBoard good for small businesses?

AuditBoard works best for mid-sized to large organizations that have dedicated audit or compliance teams. While small businesses could use it, the cost and feature set are built for bigger companies with more complex needs. If you're a small business just starting with compliance, you might find AuditBoard has more horsepower than you need right now. Over 50% of Fortune 500 companies use AuditBoard, which shows its focus on larger enterprises.

How hard is it to implement AuditBoard?

Most customers find AuditBoard easier to set up than older GRC platforms. The system is web-based, so there's no software to install. Implementation usually takes a few weeks to a few months depending on how many modules you're using and how much historical data you're bringing over. AuditBoard provides implementation support to help you get started. Users typically say the interface is pretty intuitive, but like any specialized tool, your team will need some training to get the most out of it.

Can AuditBoard integrate with our existing systems?

Yes, AuditBoard connects with many common business systems. It works with Microsoft Office and Google Drive for documents, and can pull data from systems like ServiceNow, Jira, and Workday. Some users mention that while basic integrations work well, more complex data exchanges might need some extra setup. If you have unique systems, AuditBoard offers APIs that your IT team can use to build custom connections.

What do users like and dislike about AuditBoard?

Users typically love AuditBoard's user-friendly design, how it connects different risk and compliance activities, and its reporting features. The biggest complaints center around pricing (it's not cheap), occasional sluggishness with large data sets, and some users wish for more advanced customization options without needing technical help. Support gets mixed reviews - some users praise the responsiveness while others mention that AuditBoard could be more proactive about communicating system issues before customers discover them.

Last Updated
March 4, 2025 13:14

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