What users are saying about
18 Ratings
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Score 8.9 out of 100
5 Ratings
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Score 9.2 out of 100

Attribute Ratings

  • AuditBoard is rated higher in 1 area: Likelihood to Recommend

Likelihood to Recommend

9.4

AuditBoard

94%
9 Ratings
9.2

MindBridge Platform

92%
5 Ratings

Usability

AuditBoard

N/A
0 Ratings
9.0

MindBridge Platform

90%
1 Rating

Support Rating

AuditBoard

N/A
0 Ratings
10.0

MindBridge Platform

100%
1 Rating

Likelihood to Recommend

AuditBoard

AuditBoard is a great platform for our organization because it allows real-time collaboration between the owners and auditors, plus it is very user-friendly. A couple of the features I love are the view that can be tailored by individual users and the dashboard that allows you to easily check the status of different projects.
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MindBridge

MindBridge [Platform] is an excellent tool to use to gain additional comfort over client's data. The key areas it helps with are analytical procedure risk and inherent risk, but depending on the data you have, it can also be able to assess control risk to a degree. It's a very malleable tool that can be made to fit your client, however, it does require upfront work (as the implementation of any new technology would). The tool may not be scalable for audit work that is very low-risk and requires little hour input in the first place as it may add more hours in the long-run than the normal audit would incur. Our team has used these low-risk audits in our implementation, however, to corroborate the results we get, which we felt has helped us achieve our successes with the tool.
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Pros

AuditBoard

  • Allows line of business managers to review and report SOX control status/changes which automatically update the controls in the related narratives.
  • Shows status of work.
  • Exports system data to Excel to create many helpful reporting possibilities.
  • Organizes audit tasks and information.
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MindBridge

  • Using the output from MB AI we have been able to reduce the inherent risk and analytical procedures risk assessments in our audits which have reduced our substantive testing sample sizes.
  • The output from MB AI allows us to focus on the medium risk and high risk transactions that were recorded in the general ledger during the year.
  • Our younger, more technologically advanced team members really enjoy working with MB AI.
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Cons

AuditBoard

  • It would be nice if AuditBoard had more audit templates available for use on Ops Audit.
  • More timely updates for all users on their new features and release notes.
  • More CPE training and round tables for the users.
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MindBridge

  • It needs to have a deliverable Risk Analysis report, something that can be exported to a PDF and delivered to clients.
  • Accounts receivable and payable analysis needs to be able to handle tiered customers and vendors.
  • Exporting to PDF should be a feature. Works great for Excel.
  • Needs forecasting capability in order for us to use for review engagements.
  • Needs the ability to compare client to industry ratings.
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Pricing Details

AuditBoard

Starting Price

Editions & Modules

AuditBoard editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    MindBridge Platform

    Starting Price

    Editions & Modules

    MindBridge Platform editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      Required

      Additional Details

      Usability

      AuditBoard

      No answers on this topic

      MindBridge

      The only reason I do not give this a 10 is that I would like a deliverable risk report. This would enable me to offer additional services to my non-audit clients.
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      Support Rating

      AuditBoard

      No answers on this topic

      MindBridge

      My experience with customer support may different since I started using the application early on. I am also providing continuous recommendations for improvement or additional features. They have always been available when I needed them and they actually listen and value my opinion. They have implemented many of our recommendations and asked for our input on possible new features.
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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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      MindBridge

      We did not consider any other similar products.
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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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      MindBridge

      • Increased efficiency
      • Better quality audits performed
      • Coming to more reasoned conclusions that are supported by data
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      Screenshots

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