AuditBoard

Pros: The centralization of everything SOX. Having the ability to link all testing to narratives, and providing the business the ability to view and make changes, which systematically flow to control pages.

Cons: The requirement to have different modules in order to get the full potential out of the tool. All things SOX should be included in SOXUB module

Pros: The desire to be a connected risk platform, not just accommodate a single use case as an information repository.

Cons: Still a few kinks in the user experience, best features only available for premium plan subscribers.

Pros: AuditBoard's SOXHUB module is really where the tool excels. It gives businesses the ability to easily monitor an always-changing risk & controls matrix. It is very straightforward and user-friendly for new users. Additionally, AuditBoard has demonstrated a continuous effort to innovate with new system features & functionality. This has been accomplished by listening closely to their customer's feedback.

Cons: While AuditBoard is fairly flexible, there are some limitations like its control hierarchy of Entity -> Process -> Subprocess. This only really only allows for a hierarchy that is most granular at the L2 to L3 process levels and you may not currently create more granular process levels than that. Also, I wish the SOX risk assessment feature was more robust and allowed for more streamlined mapping of control setup and chart of accounts. Currently, we still use Excel to do our scoping. Also, if you have multiple ERPs with various charts of accounts, this gets more complex and will take hard work to map everything out.

Pros: How it's easy to navigate and use, there are always new enhancements coming out that helps utilize the system more. If there are issues, customer support is quick to respond and help resolve the issue.

Cons: Some features are restrictive to tiers or features aren't compatible with certain Microsoft Office versions.

Pros: I like that AuditBoard provides a centralized system, making it easy to manage audits, track issues, and access documentation all in one place for better efficiency and collaboration.

Cons: Given that there are many futures and customization options, it does feel difficult at times trying to navigate through the settings and figuring out what you are actually looking for.

Pros: The customer support was great and allowed us to build out our AuditBoard platform exactly how we needed.

Cons: AuditBoard Sync won't save if the session has timed out but won't give a warning that the file will not be saved to AuditBoard.

Pros: 1. Onboarding and customer support. 2. Ease of implementation. 3. Continuous functionality enhancements. 4. Ease of use. 5. Supports our processes.

Cons: 1. License requirements can be a little confusing. There are not any other issues we have with AuditBoard

Pros: Ease of use , things are well laid out and as long as you put some initial investment into the foundation of how things are laid out it will flow smoothly.

Cons: Initially it takes some time to onboard. You need to thoroughly think through how controls/processes should be organized

Pros: Its simplicity of use, combined with multiple features important for Internal Audit/SOX work, such as controls and documents testing platform, outreach to stakeholders to perform periodic controls and provide evidence needed for testing, connectivity to other enterprise applications.

Cons: Doesn't provide a good option of cloning existing controls and requires to create new control every time.

Pros: Audit Board seemed like it had lots of options

Cons: It was a pro that Audit board had a lot of interfaces, however we never really used a lot of them because we were not properly trained.

Pros: Clean user interface, very user friendly, conveys a sense of professionalism and organization for tasks.

Cons: I have not encountered any egregious weaknesses with this tool.

Pros: Auditboard is easy to use and very intuitive.

Cons: customization is not as easy as some other similar products.

Pros: User friendly capabilities and a lot out of the box options.

Cons: There isn't much I don't like, very satisfied with AB.

Pros: Convenient workflows and PBC coordination to optimize testing efficiency. User experience is very straightforward.

Cons: There are areas of opportunity for increasing resource planning efficiencies versus visual import/exports. Seems like this is coming in 2025, though!

Pros: I like the training sessions and the presentations on how to use the platform. Connected Risk is the best way to enhance any organization's system of internal control. We need to embrace AI and AB open the door in so many ways.

Cons: The conference should be a little longer and start on Monday evening with events.

Pros: Customer Service. Everyone is friendly and helpful.

Cons: Dashboards have limitations currently. However, exited about the new Dashboards coming out soon!

Pros: User interface is user friendly and pretty easy to train users

Cons: Implementation was not as straight forward as expected

Pros: new functions each year, make audit more easy and organized

Cons: Team and Role and Data analysis cannot integrated with CostPoint.

Pros: Demo and going through implementation now

Cons: contract process was painful during the initial negotiation

Pros: My favorite feature is the workstreams process to streamline stakeholder communications and document requests.

Cons: Nothing at the moment. AuditBoard seems to be very customizable and and the product teams are very open to considering the potential enhancements our team has suggested.

Pros: customer success engagement and product philosophy of centralized risk/audit data in one platform

Cons: out-of-box by design is good but adapting to customer's specific needs is a drawback, how to balance it is the key

Pros: User experience and user interface is extremely easy to understand. The template system also creates a high level of efficiency, especially adding in templates created in prior years.

Cons: The control certification functionality (using surveys to confirm if any control changes exist) unfortunately does not allow consolidation or bundling of controls for control owners. Thus, they have to click into each survey one by one. This makes it a bit more frustrating for management as it increases time spent.