AuditBoard, the leading global platform for networked risk management and transformation in the areas of audit, risk and compliance, is expanding its partnership with Deloitte.
As a result, joint clients will receive targeted local support to make their work processes more efficient, fulfil regulatory requirements and gain valuable insights into their audit and risk processes.
As part of AuditBoard's recent market entry in Germany, Deloitte Germany is establishing a Centre of Excellence to support the implementation of AuditBoard solutions and provide immediate added value to clients in Europe, the Middle East and Africa. The certified team will provide specialised training, resources, content and tailored consulting tailored to the specific requirements in Germany and beyond.
The partnership comes at a time when organisations are increasingly turning to AI-centric platforms such as AuditBoard to boost the productivity of their teams. In global internal audit and GRC functions in particular, manual processes lead to significant efficiency losses. According to a survey of 232 German audit managers, 66 per cent plan their audits at least partially manually, which makes it difficult to optimally allocate resources and react quickly to new risks. Over two-thirds of respondents also rely on manual or partially manual reporting processes, which limit the timeliness and analytical depth of risk reporting for company management.
‘The expanded alliance comes at just the right time to help organisations transform their audit and risk processes,’ explains Bert Glorieux, Partner at Deloitte Germany. ‘With Deloitte's extensive industry experience and AuditBoard's innovative technology, German clients can optimise their governance, risk and compliance processes, realise efficiency gains and achieve better business results.’
Ravi Patel, Director of Alliances, EMEA, at AuditBoard, added: "This collaboration builds on the success of the Deloitte and AuditBoard partnership to date, which has delivered successful implementations and measurable results for hundreds of major clients. Together, we will deliver sustainable value to our clients in Germany and promote excellence in audit and compliance."
AuditBoard's growth is based in part on the success of AuditBoard AI, an intelligent solution that supports advanced workflows in audit, risk and compliance. These features allow teams to save valuable time and focus on the most strategic issues.
For more information on how AuditBoard and Deloitte are working together to overcome challenges in risk management and compliance, please visit AuditBoard.com.