We performed a comparison between AuditBoard and MEGA HOPEX 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."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."
"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."
"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."
"The most valuable feature is the well-documented instruction."
"Its ability to share the data in real-time has helped us well."
"The dashboard on the homepage makes for an enhanced view at a glance of the various work functions applicable to the user."
"It generates friendly websites and presents specific views of the enterprise (business, functional, applicative, technological, and infrastructure)."
"We have many use cases for this solution but the feature I have found most valuable is the IT Portfolio Management module."
"What's most valuable in MEGA HOPEX is that it follows the reference model where each component is defined. I also like the diagram consistency in MEGA HOPEX."
"I find the IT portfolio management very valuable and helpful."
"The solution itself was easy to use."
"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."
"The most valuable feature is the completeness of HOPEX's meta-model. It's a strong meta-model that's rigid but comprehensive. It's a logical fit for our understanding of how we want things modeled in our database."
"The layout for the end user could be improved."
"They should improve the solution's test sheets feature for ease of use."
"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."
"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."
"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."
"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."
"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."
"They do tend to push people to their professional services, instead of helping the customers with their problems. I understand this is their business. At the same time, however, they need to work on fact sheets or offer some program to help the customers who want to implement it themselves and to make it run properly in their environment."
"Scalability can be a problem sometimes."
"It would be great if this solution could integrate with other tools such as ITSM (ServiceNow) or CMDB."
"The features are limited. I'm hoping in the future the solution will be bigger and include more items. Right now, overall, it needs more."
"MEGA HOPEX's problem is that it is expensive, but it's a fantastic tool."
"I would like to see more regular updates released."
"Lacking more out of the box integrations."
"The initial setup is a little complex."
AuditBoard is ranked 2nd in GRC with 11 reviews while MEGA HOPEX is ranked 4th in GRC with 36 reviews. AuditBoard is rated 8.6, while MEGA HOPEX is rated 7.8. The top reviewer of AuditBoard writes "User-friendly, simple to implement, and has lots of features". On the other hand, the top reviewer of MEGA HOPEX writes "Easy to use and robust with good features". AuditBoard is most compared with Workiva Wdesk, OneTrust GRC, RSA Archer, IBM OpenPages and LogicGate, whereas MEGA HOPEX is most compared with Sparx Systems Enterprise Architect, LeanIX, ARIS BPA, Visio and Avolution ABACUS. See our AuditBoard vs. MEGA HOPEX report.
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