AuditBoard and Deloitte Enhance Governance Solutions in Germany Market

AuditBoard and Deloitte Collaborate for Enhanced Risk Management in Germany



AuditBoard, known for its AI-driven connected risk platform, has officially expanded its successful partnership with Deloitte into the German market. This strategic move aims to provide local clients with customized governance, risk, and compliance (GRC) solutions that streamline processes, enhance productivity, and ensure compliance with stringent regulatory frameworks.

The alliance builds on a previously established relationship which has yielded fruitful implementations across various sectors. Andrew van Lelyveld, Senior IT Manager at ArcelorMittal, acknowledged the transformative impact of working with both companies, stating that they successfully modernized their audit and risk controls through the AuditBoard platform. This sentiment is echoed throughout the industry as organizations recognize the need for efficient risk management solutions amid growing operational pressures.

The partnership comes as many organizations are increasingly gravitating toward AI-powered platforms. According to a recent survey of 232 internal audit leaders in Germany, a staggering 66% still rely on at least partially manual processes for audit planning, leading to inefficiencies that hinder the quick response to emerging risks. Moreover, over two-thirds of these leaders indicated that their reporting processes are also heavily dependent on manual inputs, affecting the quality and speed of insights provided to executive leadership.

To combat these challenges, Deloitte Germany has launched a Center of Excellence dedicated to supporting AuditBoard implementations across Europe, the Middle East, and Africa. This initiative will enable both companies to deliver specialized training, tailored resources, and advisory services that meet the unique needs of the German market. Deloitte's extensive industry expertise combined with AuditBoard’s innovative technological capabilities positions this partnership as a compelling resource for organizations looking to elevate their risk management practices.

Bert Glorieux, a Partner at Deloitte Germany, highlighted the timing of this expanded alliance, asserting it aligns perfectly with the industry’s focus on transforming audit and risk practices. He emphasized how this collaboration will empower German customers to optimize their compliance protocols and achieve better business outcomes.

Ravi Patel, Director of Alliances, EMEA, at AuditBoard, expressed confidence in the partnership's potential to provide substantial value to clients. He noted that their collaborative history has already benefited hundreds of enterprises as they evolve their risk management strategies in response to a rapidly changing regulatory environment.

With the continuous growth of AuditBoard, largely attributed to its AI functionality that enhances workflows across audit, risk, and compliance domains, both companies are well-positioned to meet the rising demands of clients in Germany. This integration of AI not only saves vital time but allows teams to focus on strategically important areas that can drive impactful results for their organization.

In conclusion, as companies in Germany navigate the complexities of compliance and risk management, the partnership between AuditBoard and Deloitte offers a beacon of innovation and efficiency. Their collaborative efforts are set to reshape the landscape of governance, risk, and compliance in Germany, empowering organizations to thrive in an increasingly complex business environment. Interested parties can find more about their offerings by visiting AuditBoard.com.

Topics Business Technology)

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