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ARIS Risk and Compliance Manager vs AuditBoard comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Feb 4, 2025

Review summaries and opinions

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

Categories and Ranking

ARIS Risk and Compliance Ma...
Ranking in GRC
14th
Average Rating
8.0
Reviews Sentiment
8.0
Number of Reviews
2
Ranking in other categories
No ranking in other categories
AuditBoard
Ranking in GRC
6th
Average Rating
8.6
Reviews Sentiment
7.3
Number of Reviews
12
Ranking in other categories
IT Vendor Risk Management (5th)
 

Mindshare comparison

As of May 2025, in the GRC category, the mindshare of ARIS Risk and Compliance Manager is 0.9%, up from 0.7% compared to the previous year. The mindshare of AuditBoard is 7.4%, up from 5.6% compared to the previous year. It is calculated based on PeerSpot user engagement data.
GRC
 

Featured Reviews

BPMexp67 - PeerSpot reviewer
Covers the entire risk management cycle, from identification and evaluation to control, mitigation, and monitoring
The most effective features are the basic ones to evaluate and control risk. We have many specific small models inside of ARIS Risk and Compliance Manager, like issue management. These are smaller add-ons depending on the needs. You are including specific models as well. The basic ones do exactly what is required for risk management: identification, evaluation, control, mitigation, and modification. And, we have dashboards with the possibility to configure compliance policies and risk limits based on which we can create alarms. If there are maximum limits, we create alarms attached to the responsible people. Normally, there is someone that identifies the risk, and then you have the risk owner. These people [normal users] can send notifications to the risk owner, who will evaluate the risk and decide whether it's important to control it or not. I remember a project where the customer wanted to control all risks and assigned many people to identify them. They started identifying risks everywhere. After a few years, the customer realized that it didn't make sense to control all of them. So, they created limits—levels of risk the company was willing to accept because it was more expensive to implement controls than to manage the risk. So, regarding ARIS Risk and Compliance Manager, you can implement all the risks and policies you can imagine because it's very customizable. You can customize a lot of things.
Gopichand Rajbhar - PeerSpot reviewer
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.

Quotes from Members

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

Pros

"We can set it so that for a specific risk, or for all risks if we want, people will receive automatic notifications to do the evaluation and implement or test the control at a set interval, like every six months or every year."
"The most valuable feature is the risk testing, where you can attach your processes to the risk, and automatically generate all of the tests."
"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."
"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."
"AuditBoard is very user-friendly compared to other audit management software I have used in the past."
"Its ability to share the data in real-time has helped us well."
"AuditBoard has several solutions for governance, internal audit, and other categories."
"For AuditBoard, the simple workflow made it very easy to code with the group."
"In AuditBoard, there are all the audit steps, including documentation, archiving, and tracking the progress of audits."
"The most valuable feature is the well-documented instruction."
 

Cons

"In future releases, I would like to see more features around AI (artificial intelligence)."
"I would like to see the modeling less strict so that connectors can be more flexible."
"AuditBoard is overly simple in some instances and there needs to be flexibility to make it more robust."
"Everything is there, and I have no disadvantage to note as of now."
"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."
"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."
"The layout for the end user could be improved."
"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."
"It is not easy to analyze the results of a survey as a whole."
 

Pricing and Cost Advice

Information not available
"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."
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Top Industries

By visitors reading reviews
No data available
Financial Services Firm
13%
Computer Software Company
9%
Government
9%
Manufacturing Company
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What is your experience regarding pricing and costs for ARIS Risk and Compliance Manager?
We have some nominated licenses, which are per user, and concurrent licenses. The concurrent licenses are more expensive than the other ones but are better, at least for a big company. We can have ...
What needs improvement with ARIS Risk and Compliance Manager?
In future releases, I would like to see more features around AI (artificial intelligence).
What is your primary use case for ARIS Risk and Compliance Manager?
I recommend it to my customers. Sometimes, we follow the normal cycle: risk identification, then evaluation, then mitigation, and lastly, monitoring. In other processes, we use the software to anal...
What do you like most about AuditBoard?
It consolidates the E2E process in one single solution, and in a very user friendly environment.
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 is your primary use case for AuditBoard?
I used AuditBoard primarily for risk assessment questionnaires in a very premature risk environment. I also have experience with IBM OpenPages, mostly for operational risk to track issues, to look ...
 

Overview

 

Sample Customers

Alicorp, Tesco, Dubai Municipality, Emirates NBD, Suva - ARIS serves customers across all industries and of every size worldwide. Companies trust ARIS as being in the market of business process management for more than 30 years, serving users worldwide, from 1 user companies to the Fortune 500.
Information Not Available
Find out what your peers are saying about ARIS Risk and Compliance Manager vs. AuditBoard and other solutions. Updated: April 2025.
850,028 professionals have used our research since 2012.