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AuditBoard vs OneTrust GRC comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

AuditBoard
Ranking in GRC
3rd
Ranking in IT Vendor Risk Management
3rd
Average Rating
8.6
Number of Reviews
12
Ranking in other categories
No ranking in other categories
OneTrust GRC
Ranking in GRC
2nd
Ranking in IT Vendor Risk Management
1st
Average Rating
8.2
Number of Reviews
14
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2024, in the GRC category, the mindshare of AuditBoard is 7.0%, up from 3.7% compared to the previous year. The mindshare of OneTrust GRC is 8.5%, down from 9.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
GRC
 

Featured Reviews

Gopichand Rajbhar - PeerSpot reviewer
Nov 1, 2022
User-friendly, simple to implement, and has lots of features
We have limited access, where we can do the risk assessment, check the evidence, and, if there are any deviations, we can put that remark in a comment. The reviewer will check that from their end.  In AuditBoard, companies have their own controls. According to ISO 27,001, in the risk assessment…
Gerald Pegg - PeerSpot reviewer
Oct 11, 2024
Streamlined incident management with user-friendly automation tools and responsive support
I use OneTrust specifically for incident management. For my company, I helped to create the incident management program that we currently use, particularly with gathering the information and sending out assessments to different vendors to collect information for further research and discovery.  I…

Quotes from Members

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

Pros

"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."
"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."
"AuditBoard has several solutions for governance, internal audit, and other categories."
"The most valuable feature of AuditBoard is its ability to facilitate the editing of work papers in a seamless and efficient manner. This is achieved through a built-in tool that allows for real-time editing without the need for downloading the working paper. This feature has proven to be incredibly time-saving for me as it eliminates the step of having to download the file and make changes, instead providing an easy-to-access "edit work paper" option. Overall, this feature has greatly improved my experience with AuditBoard and has been a significant contributor to its success in my opinion."
"Considering the solution's return on investment, it has been extremely helpful since we were doing a lot of documentation. Previously, in our company, we were using an Excel sheet which made things quite messy."
"Its ability to share the data in real-time has helped us well."
"In AuditBoard, there are all the audit steps, including documentation, archiving, and tracking the progress of audits."
"There are lots of features."
"The product helps us streamline audit and incident management processes."
"We receive notifications or cases and prioritize them accordingly, which helps us address issues promptly."
"One of the valuable features of this solution is it has the ability to review fourth and fifth parties to the nth degree."
"As a solution for IT risks, it is a very good product."
"It does help in the automation of our privacy impact assessments."
"OneTrust GRC offers policy management, including documentation, distribution, attestation, and policy management."
"Vendors can be assessed and rated out of the tool, and assessments can be scheduled for updates at certain intervals."
"The most valuable feature of the solution is that it already has visibility about all the data protection regulations or other cybersecurity regulations related to several countries"
 

Cons

"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."
"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."
"Everything is there, and I have no disadvantage to note as of now."
"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."
"After sending out a request to my network for documents, it would be great to have a receipt that shows who received the request and who did not."
"They should improve the solution's test sheets feature for ease of use."
"AuditBoard is overly simple in some instances and there needs to be flexibility to make it more robust."
"It is not easy to analyze the results of a survey as a whole."
"There could be enhancements related to AI."
"The implementation of OneTrust could have been smoother, particularly in terms of scoping for those outside of governance, risk, and compliance."
"The platform was not built in a way that allowed multinational entities to use it seamlessly."
"The product is not that easy to set up."
"They could enhance the product's functionalities like audit management and ensure consistency across modules."
"I wish there were more customization options, particularly within the privacy rights automation module."
"I haven't seen any return on investment using the solution. If I had the opportunity, I would use a different solution."
"The Vendor Risk dashboard is quite basic today and not interactive, but improvements are in coming the next releases."
 

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."
"OneTrust GRC is an expensive solution."
"The platform is expensive."
"OneTrust GRC's licensing costs about $15,000 per module."
"On a scale from one to ten, where one is cheap, and ten is too expensive, I rate the solution a seven since it falls under the pricey side."
"The solution is expensive."
"I found the pricing and setup cost very reasonable."
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Top Industries

By visitors reading reviews
Computer Software Company
14%
Financial Services Firm
13%
Government
9%
Manufacturing Company
9%
Financial Services Firm
14%
Computer Software Company
12%
Government
7%
Healthcare Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

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.
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.
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...
What do you like most about OneTrust GRC?
We have data from Jira regarding addiction related to Europe as well as California. Additionally, we have data related to the Indian Data Protection Bill. Therefore, GDPR compliance is highly benef...
What is your experience regarding pricing and costs for OneTrust GRC?
I don't have specifics on pricing. I know it's not very cheap, but the budget aspect is outside my wheelhouse.
What needs improvement with OneTrust GRC?
I wish there were more customization options, particularly within the privacy rights automation module. More customization on the backend would allow for adjusting specific category labels tailored...
 

Comparisons

 

Also Known As

No data available
OneTrust Vendor Risk Management
 

Overview

 

Sample Customers

Information Not Available
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Find out what your peers are saying about AuditBoard vs. OneTrust GRC and other solutions. Updated: November 2024.
815,854 professionals have used our research since 2012.