Deloitte, a provider of audit and assurance, consulting, tax and risk advisory services, and AuditBoard, a cloud-based platform transforming audit, risk, compliance and ESG management, expanded their working relationship on Wednesday.

The companies announced the launch of a custom integration between AuditBoard’s connected risk platform and enterprise software provider, SAP, to advise clients to address a clear market need to drive more transparency in risk and controls. This offering is the latest development from Deloitte and AuditBoard’s strategic alliance.

Deloitte and AuditBoard launched their strategic alliance in October 2021. The companies said the alliance has helped hundreds of clients create and transform their vital governance, risk and controls practices spanning audit, risk, compliance and ESG functions.

Specifically, the new integration connects SAP’s governance, risk and compliance process control module with AuditBoard’s internal audit and Sarbanes Oxley (SOX) solutions, streamlining the sharing of information and results across multiple teams and levels within an organization’s structure.

By automating information sharing, the companies highlighted that the integration can enable users to achieve enhanced operational efficiencies and potentially benefit from a connected view of audit and SOX data, creating a single source of truth across the business.

“This customized integration allows for effective coordination between two distinct purpose-built solutions, SAP and AuditBoard, to help organizations maintain data consistency and reduce manual data replication errors within their essential governance, risk and controls related practices and procedures,” said Lindsay Rosenfeld, audit and assurance partner, Deloitte & Touche LLP and national governance, risk and controls leader.

“This offering provides clients increased accuracy and reliability of data while also reducing risks of discrepancies that can arise from manual data replication processes,” Rosenfeld continued.

Valued by clients for its platform and user experience, AuditBoard has experienced strong growth by helping organizations of all sizes address their governance, risk, and controls (GRC) needs.

AuditBoard was again ranked in the Deloitte Technology Fast 500, which honors the most innovative and fastest-growing companies across North America, for the fifth year in a row.

“We’re thrilled to help our customers maintain data consistency by joining Deloitte in this valuable integration with SAP,” AuditBoard chief revenue officer Tom Schmit said. “Our shared customers will now have access to the stream of reliable data they need to drive their GRC programs, and companies, forward.”