255 GRC Case Studies from 244 Enterprises by 2025

• -Tax management

• -Compliance
• -Data privacy protection

• -Improved compliance
• -Increased security

Vorwerk Group, a German manufacturing company, optimized transfer pricing efficiency by implementing the Impero solution. The company faced challenges in ensuring proper documentation and chose Impero to automate and streamline transfer pricing control processes. The solution provided increased transparency, improved workflows, and standardized controls, allowing the tax department to focus on value-added tasks. Vorwerk Group scaled its transfer pricing controls to include over 1700 controls, resulting in improved compliance and documentation accuracy. Read More

• -Compliance

• -Improved compliance
• -Time saving

Secure-24 used the Sovos ACA solution to efficiently navigate the reporting process and take the pressure off its internal staff. Read More

• -Compliance
• -Data privacy protection

• -Time saving
• -Improved compliance

Maersk Group Accounting implemented Impero to streamline their closing processes and reduce reconciliation time. The solution has led to significant time savings, automation of workflow processes, and improved variance analysis. Impero supports the internal audit process from beginning to end. Read More

• -Compliance

• -Improved compliance
• -Time saving

Durable Medical Equipment partnered with Sovos Compliance to automate their sales and use tax compliance process. This freed up over 95% of their time and resources, allowing them to focus on growth-oriented tasks. The solution provided by Sovos improved reporting accuracy and simplified the entire compliance process, resulting in increased efficiency for the company. Read More

• -Financial risk management

• -Compliance

• -Improved compliance
• -Time saving

Hafnia, a transportation/shipping company based in Denmark, implemented Impero to automate SOX compliance and internal controls. The flexible solution provided instant time savings and eased the process of SOX compliance, allowing for a concise overview of controls. Hafnia continues to use Impero across the organization. Read More

• -Financial planning & analysis

• -Compliance
• -Data privacy protection

• -Time saving

Region Syddanmark, a government organization in Denmark, implemented Impero to optimize their finance department and elevate quality. The solution centralized data and documentation, resulting in a substantial reduction in time spent on manual tasks. Employees found the solution user-friendly and transparent, leading to improved efficiency and quality. Read More

• -Compliance

• -Cost saving
• -Improved compliance

IDEXX, a healthcare company, faced challenges with their previous sales and use tax provider and the prospect of increased transaction volume. They chose Sovos' Intelligent Compliance Cloud solution for its support and knowledge of tax regulations. The implementation went smoothly, resulting in a one-week reporting process and monthly savings of $150,000. IDEXX's internal teams benefited from Sovos' support and accessibility, allowing them to maintain a small tax team while achieving their goals. Read More

• -Compliance
• -Data privacy protection

• -Cost saving
• -Improved compliance
• -Time saving

Zorch, a Chicago-based company providing brand promotional products and warehousing services, faced challenges in tracking sales and use tax rules and rates for their online store model. Sovos' Taxware solution helped Zorch accurately compute sales tax at the point of sale and compile monthly sales tax filings, saving them time, money, and resources. The solution also provided peace of mind, ease of use, and freed up Zorch's accounting department to focus on other critical activities. Read More

• -Compliance

• -Improved compliance
• -Time saving

Goodin Company implemented Sovos Sales Tax to increase accuracy, reduce penalties, and free up staff time. The solution provided accurate tax rate calculations, decreased audit exposure, and eliminated manual effort required for tax compliance. Goodin achieved peace of mind, saved costs, and refocused on areas of the business that drive growth. Read More

• -Tax management

• -Compliance

• -Cost saving
• -Improved compliance
• -Time saving

Arla, an international dairy conglomerate based in Denmark, implemented Impero to simplify energy and tax compliance processes. The solution provided simple controls tailored to specific tasks, resulting in significant time and cost savings. Arla expanded the use of Impero to include internal organizational controls, further enhancing efficiency. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Improved compliance
• -Increased security
• -Time saving

Kara Goslin, Internal Audit Manager at Deckers, has transformed the perception of internal audit from 'the regulator' to a valued business partner. She has successfully implemented a best in class SOX program and leveraged ERM to drive business goals. Kara's team focuses on maintaining a robust SOX program and developing the ERM program using technology. The biggest challenge for internal auditors is understanding evolving risks and utilizing new technologies. Kara champions agility, effectiveness, and efficiency by utilizing ERM to assist the business and fostering a culture of partnership. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Time saving
• -Improved compliance
• -Cost saving

Texas Farm Credit, a customer-owned cooperative financial institution, shares how their small audit team leverages AuditBoard to provide real-time visibility into risk and mitigation efforts. By using AuditBoard's SOXHUB and OpsAudit solutions, the team has increased efficiency, reduced administrative tasks, and improved communication. They have also been able to write 80% of their audit reports during fieldwork using AuditBoard's hashtagging feature. The company has experienced a positive return on investment by providing real-time risk information to support decision-making. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Cost saving
• -Improved compliance
• -Time saving

TopBuild, a construction and architecture company based in the United States, centralized their SOX, audit, and compliance management using AuditBoard. By leveraging AuditBoard's solutions, they were able to gain real-time visibility into status, streamline communication with stakeholders, and save significant time and resources. The implementation of AuditBoard resulted in improved reporting capabilities, increased efficiency, and saved approximately three quarters to one full-time employee. Read More

• -Compliance
• -Security testing

• -Improved compliance
• -Time saving

GoHealth, an insurance company based in Chicago, Illinois, leveraged AuditBoard to streamline their first-year SOX program. They used AuditBoard's SOXHUB solution to centralize documentation, improve communication during testing, and create a strong controls environment. The real-time visibility provided by AuditBoard allowed control owners to take ownership of their controls. The company plans to continue using AuditBoard as they expand and implement more operational audits. Read More

• -Compliance
• -Security testing

• -Time saving
• -Improved compliance

National Storage Affiliates, a real estate investment trust in the United States, reduced SOX hours by 20% by switching to AuditBoard. They leveraged AuditBoard's SOXHUB solution to streamline communication with external auditors and completed internal control testing reviews in real time. The time savings allowed them to work on strategic projects in other areas of the business. Read More

• -Change management

• -Compliance
• -Data privacy protection
• -Security testing

• -Improved compliance
• -Increased security
• -Time saving

-

• -Compliance
• -Data privacy protection

• -Improved compliance
• -Time saving

Darling Ingredients, a global rendering company in the food/beverages industry, implemented AuditBoard to facilitate cross-departmental collaboration and team-wide communications. The company achieved workflow improvements, increased efficiency, and improved communication by leveraging AuditBoard's modules. The configurability of AuditBoard made it easier to manage IT audit at a growing company. The case study does not provide the creation year or a summary. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Improved compliance
• -Increased security
• -Time saving

Flowers Foods, Inc., a food and beverage company based in the United States, empowered their remote audit team and improved stakeholder collaboration by implementing the AuditBoard solution. The solution provided real-time visibility, improved business owner engagement, and saved time and resources through testing, automation, and intuitive design. Flowers Foods experienced increased efficiency and productivity, as well as positive feedback from business owners. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Improved compliance
• -Increased security
• -Time saving

Altra Motion's internal audit team leverages AuditBoard's technology to stay on top of emerging issues, collaborate effectively while remote, and gain visibility into controls and team activities during the COVID-19 pandemic and recovery. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Cost saving
• -Improved compliance
• -Time saving

CSG, a leading provider of customer engagement solutions, implemented AuditBoard's SOXHUB, OpsAudit, and WorkStream modules to streamline their audit and compliance processes. The implementation resulted in increased visibility, improved collaboration, time savings on administrative tasks, elimination of duplicate testing, and enhanced agile audit practices. The company plans to expand their gains to enterprise risk management using AuditBoard's RiskOversight module. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Improved compliance
• -Increased security
• -Time saving

Ulterra Drilling Technologies L.P., a leading oil and gas drill bit manufacturer, partnered with Protiviti and AuditBoard to strengthen their audit capabilities and prepare for future growth. By leveraging Protiviti's expertise and AuditBoard's software solution, Ulterra improved efficiency, streamlined audit processes, and facilitated collaboration among stakeholders. The implementation of AuditBoard's platform resulted in significant time savings and reduced stress for Ulterra's accounting team. The partnership between Protiviti and AuditBoard also enhanced Ulterra's IPO readiness and provided valuable industry best practices and guidance. Read More

• -Compliance
• -Security testing

• -Cost saving
• -Improved compliance
• -Time saving

Allegro MicroSystems, a manufacturing company based in the United States, leveraged AuditBoard to maintain audit continuity and efficiency during the COVID-19 pandemic. By centralizing all audit documentation in one location, the company saved time and costs while gaining full visibility into their control environment. The use of AuditBoard allowed for seamless communication with global stakeholders and ensured a smooth transition to remote work. Read More

• -Compliance
• -Security testing

• -Cost saving
• -Improved compliance
• -Time saving

United Bankshares, Inc. drove 35% cost savings by implementing AuditBoard solution. The solution helped the company scale their audit program, improve coordination between internal audit and external stakeholders, and optimize their efficiency and coverage. With real-time visibility, customizable reporting, and a user-friendly interface, United Bankshares was able to streamline their audit processes and achieve significant time and cost savings. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Improved compliance
• -Increased security
• -Time saving

TriNet improved its audit efficiencies with AuditBoard, a centralized solution that provided greater organization, collaboration, productivity, and accountability. The implementation of AuditBoard helped TriNet simplify document management, track issues and remediation requirements, improve collaboration and accountability, and streamline operational audits. The user-friendly interface and excellent support from AuditBoard contributed to high user adoption and overall satisfaction. Read More

• -Compliance
• -Data privacy protection

• -Improved compliance
• -Increased security

Cornerstone OnDemand's internal audit team leverages AuditBoard to collaborate across the business, automate tedious tasks, and gain full visibility into their audit programs. They use AuditBoard's WorkStream module to empower control owners, eliminate back-and-forth emails, and facilitate effective collaboration. With AuditBoard's centralized database and single control page layout, Cornerstone OnDemand keeps their SOX documentation accurate, consistent, and easily accessible. AuditBoard's real-time reporting capabilities and former auditor support make it the preferred solution for managing complex audit management challenges. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Cost saving
• -Improved compliance
• -Time saving

Post Holdings, a consumer packaged goods holding company, implemented AuditBoard to streamline their SOX compliance and audit program. The platform provided significant cost and time savings, allowing the company to reallocate resources to more value-add activities. AuditBoard facilitated collaboration across internal audit, co-source partners, and the organization, improving communication and rapport with stakeholders. The implementation resulted in improved efficiencies, cost savings, and comprehensive assurance for Post Holdings. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Improved compliance
• -Increased security
• -Time saving

The case study is about Rick Baltz, VP of Internal Audit at Belden, who applies his knowledge of risk mitigation in audit to manage risk while riding his Harley Davidson motorcycle. He emphasizes the importance of understanding and managing risks in both business and motorcycle riding. Belden leverages technology to support business objectives and maintain a global team. The case study does not mention the creation year. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Time saving
• -Cost saving
• -Improved compliance

Origin Bank reduced staff reporting time by 87% using AuditBoard, a connected platform that streamlined communication, eliminated version control issues, and improved stakeholder alignment. The platform allowed the bank to cut staff reporting time from 16 hours to 2 hours, centralize documentation, and collaborate effectively with internal and external auditors. Read More

• -Compliance
• -Data privacy protection
• -Security testing

• -Improved compliance
• -Increased security
• -Time saving

SingleStore, a technology firm based in San Francisco, partnered with SureCloud to assess and strengthen the security of their Helios platform. SureCloud conducted a detailed cyber assessment, including application and software testing, network infrastructure analysis, and vulnerability remediation. SingleStore praised the quality of the test and the consultant's expertise. They also benefited from real-time reporting and effective communication of the findings. The engagement with SureCloud provided SingleStore with clear visibility of cyber risks and actionable recommendations for improving their cybersecurity posture. Read More

• -Compliance
• -Security testing

• -Improved compliance
• -Time saving

Elevations Credit Union centralized audit, risk, and compliance using AuditBoard. They were able to efficiently manage multiple regulations and frameworks, create a single source of truth for their audit, risk, and compliance program, and decrease time spent on administrative reporting by 50%. AuditBoard's CrossComply module helped them manage various regulations, while the platform streamlined reporting, issue and action plan management, and collaboration with regulators. Read More