AuditBoard's New Revolutionary AI Solution: Accelerate
Native AI across the AuditBoard connected risk platform enables continuous assurance and elevates trust across the enterprise.
AuditBoard, the AI-powered global platform for connected risk transforming audit, risk, and compliance, has just launched Accelerate. This advanced AI solution is designed to deliver seamless natural-language workflows, continuous auditing, monitoring capabilities, document intelligence, and agentic AI functionalities. This innovative launch significantly enhances AuditBoard's already impressive suite of AI tools, positioning it as the world's first AI-driven connected risk platform.
Olabode Olaoke, Head of Cybersecurity Risk at Block, voiced the transformative impact of AuditBoard's AI on their operations, stating, "AuditBoard's AI has already been instrumental in our security risk oversight, and we're just scratching the surface of its potential." With Accelerate, companies can expect their workflows to improve dramatically, leading to quicker insights and greater efficiency.
Transformation Through Advanced AI Capabilities
Accelerate empowers risk teams to provide proactive insights, transforming their role into a proactive enabler for the business. Compliance teams can work more efficiently while enhancing their contributions to security, trust, and business growth. Internal audit teams will experience a remarkable shift; they can now transition from performing manual checks to analyzing root causes, delivering vital insights to the CFO and executive leadership. This innovative solution unifies AuditBoard's latest AI advancements into a streamlined experience.
Key Features of Accelerate
- Audit Agent: This feature revolutionizes audit fieldwork by significantly shortening work schedules, condensing weeks of tasks into just hours. AI-powered capabilities allow for the selection of risk-based samples, which enhance accuracy and efficiency. Moreover, it aids in quickly annotating large sets of receipts and documents for more efficient testing.
- Continuous Monitoring and Auditing: Say goodbye to manual evidence collection and point-in-time assurance practices. By utilizing continuous auditing processes, teams can conduct ongoing control testing, greatly improving efficiency.
- Document Intelligence: Leverage AI to convert raw notes into audit-ready documents, which help provide valuable insights and stakeholder reports. The new features enhance clarity in executive reporting, summarizing progress from various audits while surfacing significant risks and trends.
Happy Wang, AuditBoard’s Chief Product and Technology Officer, emphasizes the importance of Accelerate for its customers, noting that the enterprise-grade AI capabilities allow for significant improvements in audit outputs and enable a sharper focus on real-time insights. Thus, GRC teams can evolve into strategic partners that strengthen overall business practices.
Ensuring Precision and Accountability
AuditBoard's AI prioritizes precision and accountability, with features that are domain-trained and secure. All actions taken by the system are logged for traceability and compliance, ensuring oversight in accordance with internal standards. This allows practitioners to retain control of their processes, applying their judgment while AI significantly accelerates their work.
Join the Evolving Landscape of GRC
Intrigued by these innovative capabilities? You can witness them in action by attending AuditBoard's events, such as Audit & Beyond, where the focus is on redefining risk management in the age of AI. For those looking to delve deeper into these advancements, more information is available on the AuditBoard official website.
About AuditBoard
AuditBoard is the leading AI-powered GRC platform, reshaping how some of the world's largest companies govern their risk management practices. With over 50% of the Fortune 500 companies relying on AuditBoard, it’s standing out in elevating audit, risk, and compliance management. Customers rate AuditBoard highly on platforms like G2 and Capterra. Furthermore, for six consecutive years, Deloitte has recognized AuditBoard as one of the fastest-growing technology companies in North America.
Contact Information
For inquiries, please reach out to Laura Groshans.
Frequently Asked Questions
What is AuditBoard's new AI solution called?
The new AI solution from AuditBoard is called Accelerate.
How does Accelerate impact risk teams?
Accelerate empowers risk teams to provide proactive insights and improves their efficiency and effectiveness in managing risks.
What are some key features of AuditBoard's Accelerate?
Key features include the Audit Agent, Continuous Monitoring and Auditing, and Document Intelligence.
Who can benefit from using AuditBoard?
AuditBoard serves a diverse range of clients, including large enterprises and Fortune 500 companies, helping them manage audit and compliance effectively.
How does AuditBoard ensure precision and accountability?
AuditBoard ensures these by logging all actions taken by the AI system, keeping the processes secure and auditable.
