Redboard

Redboard is a software package designed specifically for credit unions to streamline and automate their audit processes. It is tailored to cater to credit unions of all sizes, from small credit unions with shared audit responsibilities to large credit unions with dedicated audit teams. According to the vendor, Redboard is used by credit union professionals, auditors, risk managers, compliance officers, and internal audit managers across the industry.

Key Features

Document Request Automation: According to the vendor, Redboard automates the process of managing document requests through spreadsheets and emails, potentially saving time and streamlining the document request process.

Findings Management: Redboard provides a structured workflow for managing findings from multiple audits over multiple years. It tracks and color codes due dates, automates task and deadline reminders, and collects required remediation documentation from the business units, according to the vendor.

Internal Audit Program: Redboard offers electronic workpaper management to streamline the audit process. It integrates document requests and findings management for a centralized audit workflow and is optimized for branch audits, according to the vendor.

Accountability: According to the vendor, Redboard ensures consistent accountability by automatically sending reminders to business units and their managers. It maintains a detailed audit trail of every user action, offers a document repository with automatic revision history, and provides a historical repository of past audits and documentation.

Reporting: Redboard offers built-in templates for board and management reporting, according to the vendor. It generates findings accountability reports and allows users to create custom reports, potentially facilitating the process of providing deliverables to outside auditors.

Business Unit Portal: Redboard provides a dedicated portal for business unit staff and managers, according to the vendor. It offers work queues for document requests and findings, aiming to ensure timely responses with zero training required for business unit users.

Financial Grade Security: According to the vendor, Redboard ensures the security of audit data with end-to-end encryption. It is hosted on Ongoing Operations, a trusted CUSO that meets all NCUA requirements, and is built to meet or exceed the security requirements of the NCUA and FFIEC.

Fanatical Customer Service: Redboard offers a 60-day no-risk trial, according to the vendor. It provides one-day customer setup and onboarding, includes all support costs with no extra fees, and guarantees a support response time of less than 24 hours.

Radical Ease of Use: According to the vendor, Redboard requires minimal training as the system is designed to be intuitive and self-explanatory. It features simple icons and instructional text for easy navigation.

Lines of Defense: Redboard automates the IIA lines of defense model for risk management, according to the vendor. It supports multiple departments and can be used for audit or compliance purposes.