AuditBoard announced additional features in its cloud-based audit, risk and compliance management platform through the release of AuditBoard Automation and Analytics, aimed mostly at internal audit and SOX teams.
The new tool works within the platform’s existing internal audit, SOX, risk management and IT compliance solutions to allow teams to draw upon their data to automate routine processes and streamline analytics. The platform handles tasks such as automated evidence collection, automated testing, continuous auditing and continuous monitoring. It also centralizes documentation, evidence, requirements, design, testing and version control in one place.
The automation and analytics tool can leverage third-party solutions like Alteryx, Fastpath and Snowflake.
“Internal audit leaders have voiced their need for powerful, flexible and easy-to-use automation and analytics solutions for their teams,” explained AuditBoard chief technology officer Kevin Jhangiani, in a statement. “They are also seeking a way to leverage best-of-breed RPA and analytics applications to enhance efficiency and productivity in their audit and risk work.”
