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AuditBoard vs Methodware Kairos 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
6th
Average Rating
8.6
Reviews Sentiment
7.3
Number of Reviews
12
Ranking in other categories
IT Vendor Risk Management (5th)
Methodware Kairos
Ranking in GRC
54th
Average Rating
9.0
Reviews Sentiment
8.7
Number of Reviews
2
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of May 2025, in the GRC category, the mindshare of AuditBoard is 7.4%, up from 5.6% compared to the previous year. The mindshare of Methodware Kairos is 0.2%, down from 0.3% 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.
SM
Meeting industry standards now and for the future, straightforward setup, with reliability
The most valuable feature is the user-friendly mechanism that makes it possible to easily integrate its data with external, contextually important data, so that wholistic data analytics can be performed from a GRC perspective. At TCS, we have created add-ons to allow this software to be able to import and export data using industry standards like OMG’s XMI (XML Metadata Interchange).

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 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."
"There are lots of features."
"Its ability to share the data in real-time has helped us well."
"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."
"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."
"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."
"The most valuable feature is the well-documented instruction."
"The most valuable feature is the ability to import and export using industry standards like XMI and XML metadata interchange managing the data in and data out."
 

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."
"The layout for the end user could be improved."
"Everything is there, and I have no disadvantage to note as of now."
"They should improve the solution's test sheets feature for ease of use."
"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."
"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."
"AuditBoard is overly simple in some instances and there needs to be flexibility to make it more robust."
"We are currently working on making Essence one hundred percent compliant and we are not there yet."
 

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."
Information not available
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Top Industries

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

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

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 ...
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Comparisons

No data available
 

Also Known As

No data available
Kairos
 

Overview

 

Sample Customers

Information Not Available
Global Insurance Syndicate
Find out what your peers are saying about AuditBoard vs. Methodware Kairos and other solutions. Updated: April 2025.
850,028 professionals have used our research since 2012.