AuditBoard Product Overview
AuditBoard is a comprehensive, cloud-based platform designed to transform and streamline audit, risk, compliance, and Environmental, Social, and Governance (ESG) management for organizations of all sizes and industries.
Key Functions
Audit Management
AuditBoard provides a robust solution for managing the entire audit lifecycle, including risk assessments, planning, preparation, execution, fieldwork, remediation, and reporting. It enables organizations to efficiently manage audits, whether as standalone projects or as part of an enterprise-wide audit management strategy.
Key Features
Integrated Modules
IT Risk and Compliance
Automates IT risk and compliance processes, ensuring continuous monitoring and adherence to regulatory requirements.
ESG Management
Streamlines ESG programs, generating both qualitative and quantitative data for meaningful reporting.
Risk Management
Visualizes and addresses risks across the organization, providing a unified view of risk, compliance, issues, frameworks, and policies.
Audit and Controls Management
Maps and audits risks, ensuring comprehensive controls management and compliance.
Automation and Workflows
Automates routine tasks such as testing workflows, document requests, issue tracking, commenting, and time tracking. This automation simplifies administrative tasks, increasing employee productivity and focus on critical activities.
Artificial Intelligence (AI) Capabilities
AI algorithms uncover unseen patterns and insights, connecting disparate data to provide coherent views of risks and compliance. Features include Automated Vendor Assessments, Intelligent Staffing, and Automated Framework Updates, which significantly streamline workflows and enhance compliance efficiency.
Data Analytics and Reporting
Offers easy-to-build, customizable dashboards and no-code analytics for in-depth analysis. Integrates with external tools like Tableau or Power BI to centralize data from multiple sources, providing high visibility into operations and enabling data-driven decisions.
Collaboration and Integration
Encourages collaboration across teams through well-connected modules, ensuring a unified view of governance, risk, and compliance. Integrates with applications like Microsoft Office and Google Drive to enhance productivity and reduce the learning curve.
Operational Efficiency
Streamlines staffing decisions by aligning skills with audit activities and meeting IIA standards within a centralized system. Enhances fieldwork, testing, and review processes through built-in workflows and intuitive in-app markup solutions. Automates follow-up and keeps stakeholders on track, eliminating hours spent chasing down documentation.
Real-Time Insights and Flexibility
Provides real-time insights through highly visual dashboards and reports, helping organizations make strategic decisions about risks, resources, and audit results. Supports both agile and traditional project methodologies, making the organization more nimble and adaptable.
Benefits
Efficiency and Productivity
Automates core workflows, reducing manual effort and increasing team efficiency.
Compliance and Risk Management
Ensures continuous monitoring and adherence to regulatory requirements, mitigating risks and enhancing compliance.
Data-Driven Decisions
Offers comprehensive analytics and reporting capabilities, enabling organizations to make informed strategic decisions.
Scalability and Flexibility
Supports organizations of all sizes and industries, providing a flexible and scalable solution for audit, risk, and compliance management.
AuditBoard is a powerful tool that revolutionizes enterprise audit and compliance software by providing a fully integrated GRC platform that helps auditors work smarter and more efficiently.