AuditBoard vs. MetricStream Platform

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.

Incentivized

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.

Incentivized

• 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.

Incentivized

• Easy to navigate.

Incentivized

• 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.

Incentivized

• 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.

Incentivized

Auditboard is a unique product that is primarily used for audit and internal controls which made it the best alternative. It provides a way to organize a large amount of testing working papers, provides efficient workflow, and can provide dashboards/reporting statistics to enhance internal audit and internal controls. In addition, this product is extremely useful to communicate with clients when sending out PBC requests and communicating control deficiencies

Incentivized

Archer is more risk-management-friendly in that it has a better interface and more room to conduct risk-related tasks and pull reports.

Incentivized

• 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.

Incentivized

• It keeps records of all of our vendors and the corresponding documents.
• Other departments can access information on vendors.

Incentivized