AuditBoard, the world’s leading platform for connected risk management and transformation in the areas of audit, risk, and compliance, is expanding its partnership with Deloitte to the German market. This will provide joint clients with targeted, local support to streamline their work processes, meet regulatory requirements, and gain valuable insights into their audit and risk processes.
“We are extremely satisfied with the collaboration with AuditBoard and Deloitte,” says Andrew van Lelyveld , Senior IT Manager at ArcelorMittal. “We were able to transform and modernize our control environment with the help of the AuditBoard platform and the partnership with Deloitte.”
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As part of AuditBoard’s market entry in Germany, Deloitte Germany is establishing a Center of Excellence to support the implementation of AuditBoard solutions and deliver immediate value to clients in Europe, the Middle East, and Africa. The certified team offers specialized training, resources, content, and tailored consulting tailored to specific requirements in Germany and beyond.
The partnership comes at a time when companies are increasingly turning to AI-centric platforms like AuditBoard to boost their teams’ productivity. Manual processes, particularly in German internal audit and GRC functions, are leading to significant efficiency losses. According to a survey of 232 German audit managers, 66 percent plan their audits at least partially manually, which hampers optimal resource allocation and rapid response to emerging risks. More than two-thirds of respondents also rely on manual or partially manual reporting processes, which limits the timeliness and analytical depth of risk reporting for management.
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“The expanded alliance comes at exactly the right time to support organizations in transforming 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 optimize their governance, risk, and compliance processes, realize efficiency gains, and achieve better business results.”
Ravi Patel , Director of Alliances, EMEA, at AuditBoard, added: “This collaboration builds on the existing success of the Deloitte and AuditBoard partnership, which has already delivered successful implementations and measurable results for hundreds of large clients. Together, we will deliver sustainable value to our clients in Germany and promote excellence in audit and compliance.”
AuditBoard’s growth is based, among other things, on the success of AuditBoard AI, an intelligent solution that supports advanced workflows in audit, risk, and compliance. These capabilities enable teams to save valuable time and focus on the most strategically important topics.
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Source – PR Newswire
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