AuditBoard vs Workiva Wdesk comparison

AuditBoard and Workiva are both solutions in the GRC category. AuditBoard is ranked #3 with an average rating of 8.6, while Workiva is ranked #5 with an average rating of 7.0. AuditBoard holds a 7.0% mindshare in G, compared to Workiva’s 7.8% mindshare. Additionally, 92% of AuditBoard users are willing to recommend the solution, compared to 71% of Workiva users who would recommend it.

AuditBoard

Read 12 AuditBoard reviews

1,495 Views
733 Comparison Views

92% willing to recommend

Workiva Wdesk

Read 7 Workiva Wdesk reviews

1,389 Views
845 Comparison Views

71% willing to recommend

AuditBoard

Workiva Wdesk

Comparison Buyer's Guide

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Executive Summary

We performed a comparison between AuditBoard and Workiva Wdesk based on real PeerSpot user reviews.

Find out in this report how the two GRC solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.

To learn more, read our detailed AuditBoard vs. Workiva Wdesk Report (Updated: October 2024).

Buyer's Guide

AuditBoard vs. Workiva Wdesk

October 2024

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Helped 815,854 peers since 2012

Categories and Ranking

AuditBoard

Ranking in GRC

3rd

Average Rating

8.6

Number of Reviews

Ranking in other categories

IT Vendor Risk Management (3rd)

Workiva Wdesk

Ranking in GRC

5th

Average Rating

7.0

Number of Reviews

Ranking in other categories

Business Performance Management (11th), Financial Close Software (2nd)

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 Workiva Wdesk is 7.8%, up from 4.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.

GRC

Featured Reviews

Gopichand Rajbhar

IT GRC Manager at Capgemini

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…

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Phillip Gough

Partner, Financial Services at Deloitte TT

Oct 24, 2023

The solution is easy to deploy and enables collaboration, but it must improve its speed and enable users to create pivot tables

The solution is used for financial reporting The collaboration within the platform is valuable. The solution should be able to do pivot tables. I have been using the solution for three years. I am using the latest version of the solution. I rate the tool’s stability a six out of ten. The speed…

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Quotes from Members

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

Pros

"AuditBoard is very user-friendly compared to other audit management software I have used in the past."

"In AuditBoard, there are all the audit steps, including documentation, archiving, and tracking the progress of audits."

"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."

"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 valuable feature is the well-documented instruction."

"There are lots of features."

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

"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."

More AuditBoard pros

"The cross-functionality between connectivity, whether through API connections between different software platforms or the connection of data collection to the actual written ESG report, is highly valuable. The connectivity of all these aspects significantly aids in data assurance, which I consider a bonus."

"It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files."

"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."

"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."

"It makes the compliance process more efficient and more effective."

"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools."

"The collaboration within the platform is valuable."

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."

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

"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."

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

"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."

"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."

"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."

"AuditBoard could benefit from the addition of video capabilities, although it is not a necessity. Small companies that cannot afford licenses for Microsoft Teams or Zoom would benefit greatly from this feature, as it would enhance the communication process."

More AuditBoard cons

"Regarding the solution, reporting has certain areas that can be considered for improvement."

"The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandatory or voluntary reporting requirements, leading to lost linkage connections that must be manually reset each time a change is made. This aspect is not functional now, and I see it as an opportunity for improvement."

"With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together."

"The speed must be improved."

"One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."

"The most critical issue is the need to shift between uppercase and lowercase."

"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities."

Pricing and Cost Advice

"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."

"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."

"Our clients in Asia think that the solution is too expensive."

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815,854 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Computer Software Company

14%

Financial Services Firm

13%

Government

Manufacturing Company

Financial Services Firm

18%

Educational Organization

16%

Computer Software Company

Insurance Company

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.

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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...

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What do you like most about Workiva Wdesk?

The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet.

See all answers

What is your experience regarding pricing and costs for Workiva Wdesk?

Wdesk is affordable and as far as I'm aware, there were no additional costs beyond the standard license increase. We didn't have to make any other changes; it primarily involved accessing the platf...

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What needs improvement with Workiva Wdesk?

The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandat...

See all answers

Comparisons

OneTrust GRC vs AuditBoard

Compared 20% of the time

RSA Archer vs AuditBoard

Compared 18% of the time

LogicGate vs AuditBoard

Compared 6% of the time

IBM OpenPages vs AuditBoard

Compared 4% of the time

ServiceNow Vendor Risk Management vs AuditBoard

Compared 4% of the time

More AuditBoard Competitors

Oracle Hyperion vs Workiva Wdesk

Compared 11% of the time

OneTrust GRC vs Workiva Wdesk

Compared 9% of the time

RSA Archer vs Workiva Wdesk

Compared 8% of the time

LucaNet vs Workiva Wdesk

Compared 7% of the time

Oracle Enterprise Performance Management Cloud vs Workiva Wdesk

Compared 7% of the time

More Workiva Wdesk Competitors

Product Reports

Buyer's Guide

AuditBoard

November 2024

Download AuditBoard product report

Buyer's Guide

Workiva Wdesk

October 2024

Download Workiva Wdesk product report

Also Known As

No data available

Wdesk

Learn More

AuditBoard

Workiva

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.

Wdesk is used across the enterprise to support hundreds of data collaboration, reporting, and compliance processes. Use Wdesk to:

Optimize your structured and composite reports
Improve trust in your data, reports, and presentations
Transform processes to enable insight

Sample Customers

Information Not Available

Noodles Company, eBay, Winnebago, American Assets Trust, AmericanEnterprise, Calpian, Capstone Infrastructure, Cascades, Circor International, Coeur Mining, Davey, Dr Pepper Snapple

Buyer's Guide

AuditBoard vs. Workiva Wdesk

October 2024

Free Report: AuditBoard vs. Workiva Wdesk

Find out what your peers are saying about AuditBoard vs. Workiva Wdesk and other solutions. Updated: October 2024.

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We monitor all GRC 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.