Case Study: Open Dealer Exchange achieves a single source of truth and saves countless hours with AuditBoard

How Open Dealer Exchange Achieved a Single Source of Truth with AuditBoard

Open Dealer Exchange, led by GRC manager Myles Gold and a four-person GRC team, was struggling with fragmented audit and risk processes scattered across SharePoint and Excel that made third‑party audits and collaboration slow and meeting‑heavy. To solve this, Open Dealer Exchange implemented AuditBoard to create a single source of truth for GRC activities and improve visibility and executive reporting.

AuditBoard centralized corporate risk management, TPRM, audits, controls and issues into one platform and delivered dashboards and reporting for C‑level visibility; within a year the team completed control testing, third‑party risk assessments, policy and issue management and a SOC 1, with about 30 of 180 employees using AuditBoard quarterly. The AuditBoard WorkStream tasks module cut dozens of meetings, saved “countless hours” and avoided additional headcount, and AuditBoard’s implementation and support remained responsive (support replies within three days, 24 hours for high urgency).

Open Dealer Exchange

Myles Gold

GRC manager