Compliance: AuditBoard Partners with EY to Accelerate Its Rollout to Major European Companies

By partnering with the consulting giant EY (Ernst & Young), AuditBoard is pursuing a clear goal: to accelerate its international expansion, particularly its growth in Europe. This is a strategic market, but one that has historically been difficult to penetrate.

Originally based in the United States, the software company must navigate significant local challenges. This partnership with EY thus allows it to immediately benefit from an international sales network and strong local credibility. EY, with a presence in more than 150 countries, also provides the company with access to a portfolio of large corporate clients. Highly demanding sectors such as finance, energy, and manufacturing are natural targets for the software-as-a-service (SaaS) solutions developed by AuditBoard.

The Regulatory Headache in the United Kingdom After Brexit

One of the biggest challenges for multinational companies in Europe is the fragmentation of laws. This is particularly true in the United Kingdom, where the regulatory framework is changing:

• Accountability of Executives: The British government is drastically tightening its governance requirements. Companies must now demonstrate the actual effectiveness of their internal controls or face significant financial penalties for their executives.
• The End of Uniform Standards: Since leaving the European Union, the United Kingdom has been establishing its own regulatory framework. For companies operating in both London and on the continent, meeting dual compliance requirements has become impossible to manage without an IT tool capable of unifying these different requirements in real time.

Comparison: Traditional Methods vs. Digital Solutions

This partnership addresses the market's evolving needs. Today, companies are looking for flexible, connected tools —a far cry from the approaches of the past.

• The traditional approach (without a dedicated tool): Risk management relies on scattered Excel spreadsheets, emails sent to various departments, and paper-based reports prepared once a year. The information is often outdated, the checks are time-consuming and repetitive, and the risk of human error is very high.
• The digital approach (with AuditBoard): Everything is centralized on a single web-based platform (SaaS). Data is updated automatically, audit tasks are scheduled in advance, and smart alerts notify teams at the first sign of a problem. Management has a clear, real-time view of the company’s security.

Practical applications in the most sensitive sectors

EY now integrates AuditBoard tools into the core of its digital transformation projects to address very specific business needs:

• In the financial sector: The software enables banks to instantly map transaction-related risks and verify that each process complies with new national and European banking regulations.
• In the energy sector: For network and power plant operators, the tool centralizes the tracking of industrial safety inspections and automates the environmental reports required to maintain their operating permits.
• In the industry: Manufacturers use the platform to monitor the risk of outages or disruptions within their global supply chains by linking each external supplier to the company's quality standards.

A cornerstone of modern risk management

Founded in 2014 by audit professionals who had encountered the limitations of traditional tools, AuditBoard quickly established itself as a key player. The company now has more than 2,000 clients worldwide, including more than half of the Fortune 500 companies. It relies on more than 800 employees to support companies in their transition toward more transparent and secure governance.