AuditBoard vs. MetricStream Platform

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AuditBoard
Score 8.2 out of 10
N/A
AuditBoard is a cloud-based audit management software solution from the company of the same name in Cerritos.N/A
MetricStream Platform
Score 9.0 out of 10
N/A
The MetricStream Platform, from MetricStream in Palo Alto, California is a Governance, Risk Management, and Compliance (GRC) platform supplying a technology infrastructure for deploying GRC apps configurable to meet the needs of the enterprise.N/A
Pricing
AuditBoardMetricStream Platform
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AuditBoardMetricStream Platform
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
AuditBoardMetricStream Platform
Governance, Risk & Compliance
Comparison of Governance, Risk & Compliance features of Product A and Product B
AuditBoard
-
Ratings
MetricStream Platform
5.0
1 Ratings
40% below category average
Common repository of GRC items00 Ratings5.01 Ratings
Risk management00 Ratings5.01 Ratings
Integration with Corporate Performance Management (CPM) systems00 Ratings5.01 Ratings
GRC policy management00 Ratings5.01 Ratings
Incident management00 Ratings5.01 Ratings
Best Alternatives
AuditBoardMetricStream Platform
Small Businesses

No answers on this topic

Rencore Code (SPCAF)
Rencore Code (SPCAF)
Score 8.8 out of 10
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All AlternativesView all alternativesView all alternatives
User Ratings
AuditBoardMetricStream Platform
Likelihood to Recommend
8.0
(10 ratings)
2.0
(1 ratings)
User Testimonials
AuditBoardMetricStream Platform
Likelihood to Recommend
AuditBoard
Auditboard is especially useful for SOX control testing. It is very convenient having all our information on a single platform. It is easy to communicate PBC requests to clients, store control testing working papers for review, communicate deficiencies and build dashboards to provide visual statistics. Situations where it might not be useful are for organizations that are smaller in size where the templates don't fit well with their internal audit/controls program. There is a significant amount of testing required before using the platform, and adapting working papers to fit in well with AuditBoard
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MetricStream
MetricStream is well suited for when you need to pull a report into Excel for further analysis. It is not good for when information needs to be entered as this is all done manually by analysts and managers. If we can implement a way to take parts of uploaded documents and have the system automatically enter the information in the designated fields in MetricStream, it would cut out lots of manual work for our department.
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Pros
AuditBoard
  • AuditBoard allows real-time collaboration between control and business owners and auditors.
  • AuditBoard has a lot of fantastic training sessions and office hours to help users make the most of the product.
  • AuditBoard has great customer service personnel to answer questions and troubleshoot any issues.
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MetricStream
  • Easy to navigate.
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Cons
AuditBoard
  • We used to perform our Risk Control Analysis (RCA) for each audit's planning in an Excel spreadsheet. Once we purchased the Risk Oversight module, AuditBoard helped us convert the RCA to a system function rather than a spreadsheet. At first, we lost some of the functionality the spreadsheet provided, but AuditBoard did continue to help us build and work towards a solution more similar to what we previously had. Though happy with it, it's still not perfect. As one example, I'd like to be able to link actual Ops Audit work steps that cover the risk and controls being outlined in the RCA, rather than just adding a comment to state which steps cover them. More of a preference, I suppose.
  • I also had demoed their beta Resources and Scheduling module, but it didn't have enough functionality at the time to work for how we put the quarterly Internal Audit schedule together (using Excel). One thing I recall was that you couldn't pull in SOX controls or non-chargeable work (such as education or administration) to auditor's schedules; it was meant to schedule the Ops Audits only. It is possible they have already fixed or improved this; I just haven't seen the updated version.
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MetricStream
  • Speed/efficiency.
  • Missing functionality: Uploading documents (Excel sheets) into MetricStream and being able to pull information from that form into the program.
  • Improve number of outages and time that it is out for.
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Alternatives Considered
AuditBoard
I remember there were a lot of sync issues when I used the internally developed software, but that's probably because a few people were working on the same project at the same time. I have not come across this issue in AuditBoard
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MetricStream
Archer is more risk-management-friendly in that it has a better interface and more room to conduct risk-related tasks and pull reports.
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Return on Investment
AuditBoard
  • Hard to quantify. It was cheaper than the tool we had and we were able to get rid of standalone tool for surveys. overall, just better user experience for all.
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MetricStream
  • It keeps records of all of our vendors and the corresponding documents.
  • Other departments can access information on vendors.
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