AuditBoard vs OneTrust GRC comparison

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601 views|259 comparisons
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2,758 views|1,380 comparisons
Comparison Buyer's Guide
Executive Summary

We performed a comparison between AuditBoard and OneTrust GRC based on real PeerSpot user reviews.

Find out in this report how the two IT Vendor Risk Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed AuditBoard vs. OneTrust GRC Report (Updated: January 2024).
755,469 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
"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.""Its ability to share the data in real-time has helped us well.""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.""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 the well-documented instruction."

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"It does help in the automation of our privacy impact assessments.""As a solution for IT risks, it is a very good product.""One of the valuable features of this solution is it has the ability to review fourth and fifth parties to the nth degree.""The product helps us streamline audit and incident management processes.""OneTrust GRC is stable.""Vendors can be assessed and rated out of the tool, and assessments can be scheduled for updates at certain intervals."

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Cons
"They should improve the solution's test sheets feature for ease of use.""It is not easy to analyze the results of a survey as a whole.""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.""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.""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.""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."

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"The Vendor Risk dashboard is quite basic today and not interactive, but improvements are in coming the next releases.""They could improve by offering free help. A solution, a lot of times, is not just the use of the solution. For example, it is the overall engagement, how well do they support the system, what is their SLA, and how long their response time is to an issue. It would be beneficial if they had some type of professional services where they offer the first five hours of professional services a year for free. That would be a substantial benefit rather than having to buy professional services or professional services packages.""The product is not that easy to set up.""There are limitations to customized workflow automation, and they need to increase both the available automation and the customized workflow.""I haven't seen any return on investment using the solution. If I had the opportunity, I would use a different solution.""OneTrust GRC's workflows aren't automated and need to be manually driven."

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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 →

  • "I found the pricing and setup cost very reasonable."
  • "OneTrust GRC's licensing costs about $15,000 per module."
  • "On a scale from one to ten, where one is cheap, and ten is too expensive, I rate the solution a seven since it falls under the pricey side."
  • "The solution is expensive."
  • More OneTrust GRC 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:The product helps us streamline audit and incident management processes.
    Top Answer:The product is not that easy to set up. It is also not easy to get used to the naming convention. It requires in-depth training.
    Ranking
    Views
    601
    Comparisons
    259
    Reviews
    11
    Average Words per Review
    847
    Rating
    8.6
    Views
    2,758
    Comparisons
    1,380
    Reviews
    4
    Average Words per Review
    383
    Rating
    6.5
    Comparisons
    Also Known As
    OneTrust Vendor Risk Management
    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.

    OneTrust is the largest and most widely used technology platform to operationalize privacy, security and third-party risk management. More than 2,500 customers, both big and small and across 100 countries, use OneTrust to demonstrate compliance with privacy regulations including the GDPR, California Consumer Privacy Act, Brazil LGPD, and hundreds of the world's privacy laws.

    OneTrust's size and scale allows it to offer the easiest-to-use and most affordable solution for implementing use cases including: Privacy Maturity Benchmarking, Data Protection by Design and Default (PbD), Data Protection Impact Assessments (PIA/DPIA), Third-Party Vendor Risk Management, Incident and Breach Response, Data Mapping (Records of Processing), Customer Preference Management, Consent Management, Website Scanning & Cookie Compliance, Mobile App Scanning, Data Subject/Consumer Rights Management and Policy & Notice Management.

    The platform's intelligence comes from DataGuidance by OneTrust, an in-depth and up-to-date source of privacy and security regulatory summaries, guidance, templates, case law, and analysis. The database is updated daily by over 20 in-house privacy researchers, along with a network of 500 lawyers across over 300 jurisdictions.

    OneTrust's 700 employees are located across co-headquarters in Atlanta and in London with additional locations in Bangalore, Melbourne, San Francisco, New York, Munich and Hong Kong. To learn more, visit OneTrust.com.

    Sample Customers
    Information Not Available
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    Top Industries
    REVIEWERS
    Manufacturing Company44%
    Non Profit22%
    Energy/Utilities Company11%
    University11%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Financial Services Firm12%
    Government11%
    Manufacturing Company10%
    VISITORS READING REVIEWS
    Financial Services Firm14%
    Computer Software Company11%
    Government7%
    Healthcare Company6%
    Company Size
    REVIEWERS
    Small Business18%
    Midsize Enterprise27%
    Large Enterprise55%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise19%
    Large Enterprise64%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise14%
    Large Enterprise66%
    Buyer's Guide
    AuditBoard vs. OneTrust GRC
    January 2024
    Find out what your peers are saying about AuditBoard vs. OneTrust GRC and other solutions. Updated: January 2024.
    755,469 professionals have used our research since 2012.

    AuditBoard is ranked 3rd in IT Vendor Risk Management with 11 reviews while OneTrust GRC is ranked 4th in IT Vendor Risk Management with 4 reviews. AuditBoard is rated 8.6, while OneTrust GRC is rated 7.6. The top reviewer of AuditBoard writes " Centralized interactions, beneficial critical notifications, and strong scalability metrics". On the other hand, the top reviewer of OneTrust GRC writes "Costly solution that may not guarantee ROI, but remains effective in IT risk management ". AuditBoard is most compared with Workiva Wdesk, RSA Archer, LogicGate and IBM OpenPages, whereas OneTrust GRC is most compared with RSA Archer, ProcessUnity, LogicGate, Workiva Wdesk and BitSight. See our AuditBoard vs. OneTrust GRC report.

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

    We monitor all IT Vendor Risk Management 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.