Creating the Means to Cope with those Rampant Risks of Today and Tomorrow

The human excellence in rooted in a host of different ideas, and yet one that defines them the best is the idea of growing on a consistent basis. We say what we did because the stated element has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow continue keep on delivering the right goods. The same has grown to become a lot more evident in recent times, and assuming one new GRC-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.

AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, has officially announced a brand-new set of capabilities that are designed to help teams stay prepared against proliferating risks. According to certain reports, the stated new capabilities are all based on AuditBoard’s new connected risk model, which uses innovative and purpose-built solutions to help teams surface and manage more risk, work smarter with greater impact, and engage front-line stakeholders. Talk about these capabilities in a bit more detail, they begin from AuditBoard AI. Like the name might suggest, this solution bets on proprietary algorithms as well as the full spectrum of artificial intelligence technology, including generative AI, machine learning, and natural language processing, to conceive relevant insights, intelligent suggestions, and powerful automations across audit, risk, and compliance programs. Once implemented, the whole AI infrastructure should prove useful when it comes to automating time-consuming workflows, along with connecting and analyzing large amounts of data from across teams to identify emerging risks and scale programs accordingly. Another angle in play here is the one of cybersecurity, considering AuditBoard AI is uniquely built with secure controls to meet the standards of Audit, IT Security, and Risk for the largest organizations. Next up, we must get into nitty-gritty of AuditBoard Analytics that expands upon the company’s already industry-leading automation and analytics capabilities. The stated expansion comes notably disguised in a new offering which supercharges audit testing, streamlines analysis, and improves the efficiency and effectiveness of audit execution. Providing class-leading out-of-the-box capabilities for performing common audit and compliance tests, the solution simultaneously hands you the flexibility to build personalized analytics workflows using a No/Low Code mode. The last bit is significant, as it puts forth a setup where even the teams with no coding expertise or a data analytics background can enjoy its utility. Given such a considerate theme, AuditBoard is now, quite comfortably, one of the most flexible and approachable analytics options for audit, risk, and compliance teams.

“Successfully navigating today’s dynamic risk landscape requires leveraging the latest advances in AI and analytics, as well as engaging the entire organization in the process of effective risk management,” said Evan Fitzpatrick, Chief Product Officer at AuditBoard. “We’re excited to announce these new platform capabilities, which empower teams with the modern tools they need to surface critical insights, collaborate effectively, and respond with speed.”

Rounding up the highlights is AuditBoard’s new Operational Risk Management solution. You see, according to a survey conducted by the company, 74% of customers are managing more risks than they were just a year ago. Hence, to aid its customers in this cause, AuditBoard’s new ORM capabilities make it possible for them to effectively engage their frontline operational teams and better surface and manage all the risks in play. Apart from that, the solution also lets operational teams easily self-report risks, self-assess controls, and log risk events with visibility into their broader risk program, thus birthing greater risk awareness, alongside a significant reduction in risk exposure.

Founded in, AuditBoard’s take on audit, risk, compliance, and ESG management, is fully validated the fact that more than 40% of the Fortune 500 companies leverage AuditBoard to move their businesses forward. In case you are still not convinced, then it might be worth your while to know how customers, in general, have rated AuditBoard a market leader in the G2 Grid Reports of Audit Management and GRC software for 16 and 15 consecutive quarters, respectively. The company has achieved a similar stature on other platforms like Capterra, and Gartner Peer Insights as well. To go with that, AuditBoard was also named among the 2023 Top 100 B2B apps at G2’s prestigious Best B2B Software Awards.

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