AuditBoard vs Bitsight comparison

AuditBoard and BitSight are both solutions in the IT Vendor Risk Management category. AuditBoard is ranked #3 with an average rating of 8.5, while BitSight is ranked #4 with an average rating of 8.8. AuditBoard holds a 5.1% mindshare in IVRM, compared to BitSight’s 11.8% mindshare. Additionally, 92% of AuditBoard users are willing to recommend the solution, compared to 100% of BitSight users who would recommend it.

AuditBoard

Read 12 AuditBoard reviews

823 Views
404 Comparison Views

92% willing to recommend

Bitsight

Read 6 Bitsight reviews

1,843 Views
1,336 Comparison Views

100% willing to recommend

AuditBoard

Bitsight

Comparison Buyer's Guide

Download the report

Executive SummaryUpdated on Dec 1, 2024

Bitsight and AuditBoard are competing products in the cybersecurity and risk management landscape. AuditBoard holds the upper hand with its comprehensive feature set and perceived value.

Features: Bitsight provides cybersecurity ratings with detailed analytics, focusing on third-party vendor security. It identifies vulnerabilities, reports on open ports, and offers a comprehensive view of external threats. AuditBoard integrates risk management, audit, and compliance on a single platform, facilitating document requests, editing of work papers, and real-time data access with an internal communication tool.

Room for Improvement: Bitsight could enhance trial accessibility and report customization, refine API integration, and extend geographical reporting capabilities. AuditBoard may improve interface customization, streamline onboarding processes, and enhance third-party integration options.

Ease of Deployment and Customer Service: AuditBoard offers streamlined cloud-based deployment and emphasizes strong support, simplifying implementation. Bitsight also utilizes cloud deployment, distinguished by its responsive customer service for fast issue resolution.

Pricing and ROI: Bitsight provides competitive pricing with a favorable ROI, attracting cost-conscious buyers. AuditBoard justifies higher setup costs by delivering significant ROI through its extensive functionality for comprehensive governance solutions.

To learn more, read our detailed AuditBoard vs. Bitsight Report (Updated: December 2024).

Buyer's Guide

AuditBoard vs. Bitsight

December 2024

Download the complete report

Helped 824,052 peers since 2012

Categories and Ranking

AuditBoard

Ranking in IT Vendor Risk Management

3rd

Average Rating

8.6

Reviews Sentiment

7.5

Number of Reviews

Ranking in other categories

GRC (3rd)

Bitsight

Ranking in IT Vendor Risk Management

4th

Average Rating

8.6

Reviews Sentiment

7.8

Number of Reviews

Ranking in other categories

Attack Surface Management (ASM) (13th)

Mindshare comparison

As of December 2024, in the IT Vendor Risk Management category, the mindshare of AuditBoard is 5.1%, up from 3.6% compared to the previous year. The mindshare of Bitsight is 11.8%, down from 16.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.

IT Vendor Risk Management

Featured Reviews

Gopichand Rajbhar

IT GRC Manager at Capgemini

User-friendly, simple to implement, and has lots of features

There are lots of features. We like the reviewer and auditor, where they support you if you want to upload evidence. At the same time the reviewer or auditor can also put their remark. The solution is user-friendly. It's easy to set up. You can easily find out how to proceed for reassessment, how to upload that evidence, and how you can put in a remark. Everything is a single console where you can easily track what you need. It's stable. The product is scalable. They provide a demo to customers to allow them to explore the tools.

Read full review

Alfredo Alvim

Telecommunications Engineer at Portugal Telecom

Provides comprehensive insights into security posture

We work directly on their website to define all the assets that we need to scan. We have some meetings with the manager. For example, we set objectives to evaluate cyber risk periodically in our organization. One of these objectives is to assess the rating for our internal enterprise. We maintain a comprehensive database to ensure compatibility with our objectives. We aim to prevent a decrease in our security rating and maintain its value over time.

Read full review

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"The most valuable feature is that everybody can use the same tool. You can give a person permission to use AuditBoard and define their access to the Audit Table. For example, we can allow external auditors or clients to review our completed tests. The clients are attached to specific tests that happen regularly, like inventory counts and asset counts. Debt compliance is only done once annually."

"The most valuable feature is the well-documented instruction."

"AuditBoard has several solutions for governance, internal audit, and other categories."

"Its ability to share the data in real-time has helped us well."

"The most significant feature of AuditBoard is its community tools. It provides an internal communication platform that enables users to communicate within the system rather than relying on external tools such as Outlook or Microsoft products. By communicating within the system, all interactions are centralized and accessible, promoting a streamlined workflow."

"For AuditBoard, the simple workflow made it very easy to code with the group."

"There are lots of features."

"I find the most significant elements of this solution are the out-of-the-box reporting, the ease of workflow, workflow management, and the ease of managing our audit process."

More AuditBoard pros

"The product helps us identify the vulnerabilities of internet-facing applications."

"Its customer service team responds quickly."

"The solution is user-friendly."

"I prefer BitSight due to its patch management capabilities. The score is a valuable feature. I have contacted the customer support through e-mail and their response rate is fast. I rate the solution a nine out of ten."

"The best thing about BitSight is the comprehensive list of risk vectors, covering compromised systems, diligence failures, and behavioral anomalies."

"Offers open ports from an external point of view."

Cons

"AuditBoard is overly simple in some instances and there needs to be flexibility to make it more robust."

"AuditBoard has the potential for improvement in a few key areas. Firstly, I have experienced instances where the platform has experienced technical issues and ceased to function effectively. Additionally, the editing tools provided within the platform can be slow and laggy, particularly when trying to access and edit important documents. This can be a hindrance to my workflow and efficiency. To address these issues, they should begin by improving the speed and reliability of the platform, as well as enhancing the search engine to make it easier to find specific controls and documents within the platform."

"A handful of things in the solution need to be improved. One of them is better communication of updates to the system or tool itself."

"Some of that flexibility could be enhanced. When comparing Archer and TeamMate+, there is a little more open-ended in terms of certain of our audit processes and procedures. And there is significantly greater freedom in creating ad hoc audit processes and procedures, whereas AuditBoard is a little more limiting in this regard."

"The initial setup is somewhat difficult because it has multiple pieces that need to be stitched together. You have to integrate it with the business unit you want to test if you want to go down from the corporate level to the operational level."

"Everything is there, and I have no disadvantage to note as of now."

"The layout for the end user could be improved."

"It is not easy to analyze the results of a survey as a whole."

More AuditBoard cons

"The solution’s benchmarking should be improved."

"Its factor analysis feature could be better."

"At the moment, when the vulnerability score decreases, it remains the same for quite a while, even though issues are resolved in 24 hours."

"BitSight could improve the classes and lower-level detections of anomalies that compound the information used to compute the rating."

"There may be room for improvement in the methodology for identifying findings, as occasional errors occur on the technical side."

"Data enrichment is the major issue."

Pricing and Cost Advice

"Pricing is variable, like with any technology, and is determined by how hard you wish to negotiate. You can get to a price you're willing to pay if you're willing to negotiate aggressively."

"I highly recommend this tool as the price is reasonable. However, consistent pricing is important, and having a loyalty program that rewards long-term customers with lower prices would be a great addition."

"The product has a reasonable price."

"The solution's price is average."

See which vendors are best for you

Use our free recommendation engine to learn which IT Vendor Risk Management solutions are best for your needs.

See recommendations

824,052 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Financial Services Firm

13%

Computer Software Company

13%

Government

Manufacturing Company

Financial Services Firm

17%

Computer Software Company

14%

Insurance Company

Manufacturing Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

What do you like most about AuditBoard?

It consolidates the E2E process in one single solution, and in a very user friendly environment.

See all answers

What is your experience regarding pricing and costs for AuditBoard?

I believe the license is based on the number of key controls that will be tested regularly. You can also pay extra for additional modules, like risk testing and operational audits, etc.

See all answers

What needs improvement with AuditBoard?

AuditBoard is overly simple in some instances and there needs to be flexibility to make it more robust. For IBM OpenPages, the reporting can be more robust as the summary report on each of the modu...

See all answers

What do you like most about BitSight?

The solution is user-friendly.

See all answers

What is your experience regarding pricing and costs for BitSight?

The product is a little expensive and very oriented to large companies.

See all answers

What needs improvement with BitSight?

BitSight could improve the classes and lower-level detections of anomalies that compound the information used to compute the rating. They could evolve to be a more powerful scanner of cyber hygiene...

See all answers

Comparisons

Workiva Wdesk vs AuditBoard

Compared 47% of the time

OneTrust GRC vs AuditBoard

Compared 22% of the time

RSA Archer vs AuditBoard

Compared 19% of the time

LogicGate vs AuditBoard

Compared 5% of the time

IBM OpenPages vs AuditBoard

Compared 4% of the time

More AuditBoard Competitors

SecurityScorecard vs Bitsight

Compared 31% of the time

RiskRecon vs Bitsight

Compared 15% of the time

Black Kite vs Bitsight

Compared 14% of the time

UpGuard Vendor Risk vs Bitsight

Compared 6% of the time

Tenable Lumin vs Bitsight

Compared 6% of the time

More Bitsight Competitors

Product Reports

Buyer's Guide

AuditBoard

December 2024

Download AuditBoard product report

Buyer's Guide

IT Vendor Risk Management

November 2024

Download Bitsight product report

Learn More

AuditBoard

BitSight

Overview

AuditBoard is the leading cloud-based platform transforming audit, risk, and compliance management. More than 35% of the Fortune 500 leverage AuditBoard to move their businesses forward with greater clarity and agility. AuditBoard is top-rated by customers on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the fourth year in a row as one of the fastest-growing technology companies in North America by Deloitte. To learn more, visit: AuditBoard.com.

BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With over 2,100 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. For more information, please visit www.bitsight.com, read our blog or follow @BitSight on Twitter.

Sample Customers

Information Not Available

Fannie Mae, Cabela's, BNP Paribas, PWC, AIR Worldwide, Con Edison, The Container Store, OshKosh, Steris, University of South Florida, Emblem Health, Lloyds Bank

Buyer's Guide

AuditBoard vs. Bitsight

December 2024

Free Report: AuditBoard vs. Bitsight

Find out what your peers are saying about AuditBoard vs. Bitsight and other solutions. Updated: December 2024.

DOWNLOAD NOW

824,052 professionals have used our research since 2012.

See our AuditBoard vs. Bitsight report.

See our list of best IT Vendor Risk Management vendors.

We monitor all IT Vendor Risk Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.