Deloitte, a leader in audit and assurance, consulting, tax and risk advisory services, and AuditBoard, a leading cloud-based platform transforming audit, risk, compliance and ESG management today announced the launch of a custom integration between AuditBoard’s connected risk platform and enterprise software provider, SAP, to advise clients to address a clear market need to drive more transparency in risk and controls. This offering is the latest development from Deloitte and AuditBoard’s strategic alliance.
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Streamlined Integration
Specifically, the integration connects SAP’s Governance, Risk and Compliance Process Control module with AuditBoard’s Internal Audit & Sarbanes-Oxley (SOX) solutions, streamlining the sharing of information and results across multiple teams and levels within an organization’s structure. By automating information sharing, the integration enables users to achieve enhanced operational efficiencies and potentially benefit from a connected view of audit and SOX data, creating a single source of truth across the business.
Expert Insights
“This customized integration allows for effective coordination between two distinct purpose-built solutions, SAP and AuditBoard, to help organizations maintain data consistency and reduce manual data replication errors within their essential governance, risk and controls related practices and procedures,” said Lindsay Rosenfeld, Audit & Assurance partner, Deloitte & Touche LLP and National Governance, Risk and Controls leader. “This offering provides clients increased accuracy and reliability of data while also reducing risks of discrepancies that can arise from manual data replication processes.”
AuditBoard’s Growth
Valued by clients for its innovative platform and intuitive user experience, AuditBoard has experienced strong growth by helping organizations of all sizes address their governance, risk, and controls (GRC) needs through a Connected RiskTM approach. AuditBoard was again ranked in the Deloitte Technology Fast 500TM, which honors the most innovative and fastest-growing companies across North America, for the fifth year in a row.
Customer Commitment
“We’re thrilled to help our customers maintain data consistency by joining Deloitte in this valuable integration with SAP,” said Tom Schmit, chief revenue officer at AuditBoard. “Our shared customers will now have access to the stream of reliable data they need to drive their GRC programs, and companies, forward.”
Strategic Alliance Background
Deloitte and AuditBoard launched their strategic alliance in October 2021. The alliance has helped hundreds of clients create and transform their vital governance, risk and controls practices spanning audit, risk, compliance and ESG functions.
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