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We were already implementing AuditBoard’s SOXHUB and Compliance modules at the time, and we just happened to get exposure to the RiskOversight module at the AuditBoard annual conference. We demoed and we decided, hey, let’s add this module on in our current implementation — and the rest is history.
Our users used to go through and spend about an hour rating the different risks — with RiskOversight, that process went down from about an hour to about 20 minutes. We went from a several week process on administering the survey, digesting results, building your report, and presenting that to management — to it being a one man show.
I have one guy on my team who can do the exercise, he can get the risk listing set up, he can administer that test to as many folks in the organization as he wants. Then all those results are populated automatically in the platform, the heat map is generated, and we can present to our executives directly in the software.
One unexpected surprise was the level of executive engagement that we now have. They brag about it amongst the organization — they want to put it in front of people. This level of software-driven sophistication, it meshes really well with our product and tech company vibes overall.