AuditBoard vs Workiva

Is AuditBoard truly on board with meeting the needs of risk management professionals? User reviews from the past year suggest a resounding "yes," but with a few caveats. AuditBoard consistently earns praise for its user-friendly interface, making it a breeze to navigate even for those new to the world of risk management software. Users particularly appreciate the intuitive design and ease of use, highlighting how it simplifies complex tasks like documenting findings and managing workstreams. This ease of use is crucial, as it allows teams to quickly adapt to the software and maximize their efficiency without a steep learning curve. However, some users have reported that AuditBoard can be a bit sluggish when dealing with large datasets, which could pose a challenge for larger organizations or those with complex data requirements. Additionally, while customer support is generally regarded as responsive and helpful, there have been mentions of inconsistencies, possibly due to team turnover. This inconsistency, though not a dealbreaker, could lead to occasional frustrations when seeking assistance. Despite these minor drawbacks, AuditBoard stands out for its robust reporting capabilities, automation features, and seamless integration with other systems. Users rave about how these features streamline their workflows, saving them valuable time and reducing the risk of errors. For instance, the ability to generate custom reports with detailed insights into risk assessments and audit findings empowers organizations to make informed decisions and proactively mitigate potential issues. Overall, AuditBoard emerges as a powerful and intuitive risk management solution best suited for organizations of all sizes looking to enhance their risk management processes. Its user-friendly interface, coupled with its comprehensive features and generally strong customer support, makes it a compelling choice for businesses seeking to streamline their risk management operations and elevate their overall risk management posture. However, organizations dealing with massive datasets might need to consider the potential for slower performance.

Workiva is a cloud-based comprehensive reporting platform that provides unrestricted global access to FERC and SEC reporting modules, internal controls, and audit and policy management tools for complete in-house risk management. The platform can be difficult to learn initially, but a responsive support team makes it easier to understand the functionalities. In addition, automated reporting processes add a lot of value to the platform. However, the NextGen platform has a few performance issues. Updates can cause temporary glitches and bugs, resulting in unforced errors in datasets. All in all, Workiva is a safe bet for vulnerability management software. In spite of high subscription costs, it’s an excellent candidate if you can fit it into your budget.