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AuditBoard vs MEGA HOPEX 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

AuditBoard
Ranking in GRC
7th
Average Rating
8.6
Reviews Sentiment
7.3
Number of Reviews
12
Ranking in other categories
IT Vendor Risk Management (9th)
MEGA HOPEX
Ranking in GRC
4th
Average Rating
7.8
Reviews Sentiment
7.2
Number of Reviews
41
Ranking in other categories
Enterprise Architecture Management (3rd), Business Process Design (7th)
 

Mindshare comparison

As of August 2025, in the GRC category, the mindshare of AuditBoard is 6.9%, up from 6.1% compared to the previous year. The mindshare of MEGA HOPEX is 1.8%, up from 1.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
GRC
 

Featured Reviews

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.
JorgeValdez - PeerSpot reviewer
A simple and intuitive tool that provides more features than other tools in the market
The solution can be used to model customer journeys and business processes I use the solution for my customers to model banking products. I also model and define business capability. The biggest value of the product is that we can use it to work in different industries like government,…

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 the well-documented instruction."
"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."
"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."
"AuditBoard has several solutions for governance, internal audit, and other categories."
"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."
"HOPEX has a panel that offers various views. I think that is very good. MEGA has an app for integrating with a lot of apps. We help our clients integrate HOPEX with a different product like Apple Gateway, for example. I've been with the company for 15 years, and we connect with everything. Our clientele includes almost all of the banks in Mexico."
"The tool is very simple and intuitive to use."
"What I find the most valuable is the process workflow. It is really good."
"I have observed MegaHOPEX has capabilities in architecture and other areas."
"I find the IT portfolio management very valuable and helpful."
"I find the process modeling and value chain features valuable. The application portfolio management functionality and workflow management capabilities are also nice. It provides a holistic view for stakeholders and helps align IT with business strategies. It facilitates collaboration across the organization and covers all domains, including business, applications, technology, and data."
"Its availability is very good."
"MEGA offers a more integrated GRC platform to facilitate enhanced coordination between the functions of Risk, Compliance, and Internal Audit on a single platform solution - HOPEX."
 

Cons

"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."
"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 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."
"The layout for the end user could be improved."
"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."
"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 is overly simple in some instances and there needs to be flexibility to make it more robust."
"It has a data domain where we load our data objects onto the tool but doesn't provide data governance capabilities such as cleansing or validating data."
"We would like to see integration with other products, such as being able to use our workflow with SharePoint and Microsoft Office."
"MegaHOPEX lacks comprehensive features that a governance tool should have, particularly in data governance."
"Better documentation and training would be helpful."
"There could be continuous AI enhancements for the platform."
"MEGA HOPEX's initial setup could be easier. The newer version is better but they still need to improve the process. The deployment took approximately four to eight hours."
"MEGA HOPEX can improve process simulation in the BPA module. If the solution was better we would not have to use another solution for this purpose. Simulating scenarios in the future for the to-be processes is in demand. If we can have the simulation engine built inside MEGA HOPEX, we would not have to purchase another license or solution to integrate them with each other. This would be a great improvement."
"The solution is quite expensive."
 

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."
"MEGA HOPEX's licensing costs are yearly."
"The product is reasonably priced for the value it offers. There's a good balance between cost and features."
"The tool is relatively expensive."
"It is very expensive."
"The product has a high cost."
"The pricing depends on the number of licenses purchased."
"If you want to use additional features, such as the Risk Management capability, then it is a little too expensive."
"The price of the support depends on the vendors that are reselling this module or the MEGA HOPEX version 5. We are on premium support and are their only partners in the GCC, we have a premium support contract with them. The support we have is not with the client. The client does not bear the cost, it's us who bear the cost."
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Top Industries

By visitors reading reviews
Financial Services Firm
14%
Manufacturing Company
9%
Computer Software Company
8%
Healthcare Company
7%
Financial Services Firm
20%
Government
9%
Computer Software Company
9%
Insurance 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 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 ...
Any experience with Strategic Project Portfolio Management Solutions?
Hi @Cheryl Joseph ​Looking at the crossover between Project and Portfolio management with EA, then Planview could be a good choice. If looking at Portfolio Management from an EA perspective then Le...
 

Comparisons

 

Overview

 

Sample Customers

Information Not Available
Aetna, Fannie Mae, M&T Bank, Glatfelter Insurance Group, Zions Management Services Company, The College Board, Baxter Credit Union, AXA Financial, Missouri Department of Conservation, New York State OTDA, MEG Energy Corp, Walgreens, Procter & Gamble, Biogen Idec, Gilead Sciences, Organic Valley, Trinity Health, Nissan and Ford
Find out what your peers are saying about AuditBoard vs. MEGA HOPEX and other solutions. Updated: July 2025.
865,384 professionals have used our research since 2012.