AuditBoard vs MetricStream comparison

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AuditBoard Logo
1,252 views|568 comparisons
92% willing to recommend
MetricStream Logo
1,631 views|684 comparisons
66% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between AuditBoard and MetricStream 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. MetricStream Report (Updated: May 2024).
771,063 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Its ability to share the data in real-time has helped us well.""The most valuable feature is the well-documented instruction.""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.""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.""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.""AuditBoard is very user-friendly compared to other audit management software I have used in the past.""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."

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"The interface is mobile-friendly and it is getting a good response from our customers.""Key features are usability and ease of configuration. It allows us to have all the information in a single place and provide real-time indicators and information for our executives."

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Cons
"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.""They should improve the solution's test sheets feature for ease of use.""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.""Everything is there, and I have no disadvantage to note as of now.""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.""It is not easy to analyze the results of a survey as a whole.""The layout for the end user could be improved."

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"We would like to have more dashboards and reports, such as geographical and trend reports in the next version. Also, an improvement in the mobile version would be helpful.""I would like to see out-of-the-box integration with more security, it would be helpful."

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Pricing and Cost Advice
  • "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."
  • More AuditBoard Pricing and Cost Advice →

  • "They are flexible in terms of customers' needs."
  • More MetricStream Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:It consolidates the E2E process in one single solution, and in a very user friendly environment.
    Top Answer: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.
    Top Answer:The layout for the end user could be improved for the control owners and people from whom I request information. If you have a good knowledge of internal auditing, you know there are internal controls… more »
    Top Answer:There are 3 industry leading GRC software and they are IBM OpenPages, MetricStream and RSA Archer. In the areas of Operational Risk, Regulatory Management, Policy Management, Operational Resilience… more »
    Top Answer:Here are some of the pros and cons of Fusion Risk Management and MetricStream for Operational Resilience and Business Continuity Fusion Risk Management Pros: Fusion Risk Management is an… more »
    Ranking
    2nd
    out of 86 in GRC
    Views
    1,252
    Comparisons
    568
    Reviews
    11
    Average Words per Review
    847
    Rating
    8.6
    12th
    out of 86 in GRC
    Views
    1,631
    Comparisons
    684
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    Comparisons
    Workiva Wdesk logo
    Compared 55% of the time.
    OneTrust GRC logo
    Compared 20% of the time.
    RSA Archer logo
    Compared 13% of the time.
    IBM OpenPages logo
    Compared 6% of the time.
    LogicGate logo
    Compared 6% of the time.
    Learn More
    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.

    Provides advanced capabilities such as risk calculators and risk heat maps for risk analysis and monitoring.
    Sample Customers
    Information Not Available
    Federal Home Loan Bank of Chicago, ACCO Brands Corporation, AgFirst Farm Credit Bank, AIB International, Associated Banc-Corp, BAE Systems, Barclaycard, Dell Inc, DIRECTV, Energizer, Fresenius Kabi, Hasbro, Goodyear, HudsonCity Savings Bank, Infigen Energy, Kaydon, Leroy Merlin, Mountry Financial Corp., Nicholas Piramal, Pepco, Pfizer, Societe Generale, Whitney Bank
    Top Industries
    REVIEWERS
    Manufacturing Company44%
    Non Profit22%
    Energy/Utilities Company11%
    University11%
    VISITORS READING REVIEWS
    Computer Software Company15%
    Financial Services Firm12%
    Government10%
    Manufacturing Company10%
    VISITORS READING REVIEWS
    Educational Organization25%
    Financial Services Firm18%
    Computer Software Company11%
    Retailer4%
    Company Size
    REVIEWERS
    Small Business18%
    Midsize Enterprise27%
    Large Enterprise55%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise18%
    Large Enterprise64%
    VISITORS READING REVIEWS
    Small Business16%
    Midsize Enterprise32%
    Large Enterprise52%
    Buyer's Guide
    AuditBoard vs. MetricStream
    May 2024
    Find out what your peers are saying about AuditBoard vs. MetricStream and other solutions. Updated: May 2024.
    771,063 professionals have used our research since 2012.

    AuditBoard is ranked 2nd in GRC with 11 reviews while MetricStream is ranked 12th in GRC. AuditBoard is rated 8.6, while MetricStream is rated 8.6. The top reviewer of AuditBoard writes "User-friendly, simple to implement, and has lots of features". On the other hand, the top reviewer of MetricStream writes "Reasonably priced, stable, with out of the box deployment, and has good local support". AuditBoard is most compared with Workiva Wdesk, OneTrust GRC, RSA Archer, IBM OpenPages and LogicGate, whereas MetricStream is most compared with RSA Archer, IBM OpenPages, OneTrust GRC and Workiva Wdesk. See our AuditBoard vs. MetricStream report.

    See our list of best GRC vendors and best IT Vendor Risk Management vendors.

    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.