AuditBoard vs SAP Audit Management

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.

SAP Audit Management is the absolute best software available for large, multi-national companies that have dedicated internal audit resources. Further, due to the implementation costs, I would only recommend a company to be serious about purchasing this software if external audit expenses were upwards of $2 million per annum. Also, better suited for an organization that already has solid audit procedures in place but wants to integrate them and increase audit efficiency. A company starting from scratch would not value this particular software as much because integration becomes less important in that scenario.

• 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.

• Project management
• Risk assessment and management
• Streamlining internal auditing

• 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.

• Limitation only audit SAP system if organization using other ERP system they may need separate audit management tool.
• Expensive for small organization

Considering we use it in biweekly or monthly basis - the product runs very well in every aspect.

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

I wouldn't say there is a true peer to SAP Audit Management currently available on the market. SAP Audit Management is the only software that is. It is designed by and developed for audit practitioners across the world. Further, the software unlocks the disparate information for Internal Audit departments and supports audit experts in their day-to-day activities with an easy to use. collaborative, and risk-based approach towards audit procedures.

• 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.

• Has significantly minimized external audit fees for the time our organization has used it
• Has helped meet all the customer-specific requirements highlighted in it's checklist for the time we have used it
• It has integrated numerous audit functions including risk management, access control, and process control