Case Study: United Bankshares, Inc. achieves 35% cost savings with AuditBoard

How United Bankshares, Inc. Drove 35% Cost Savings

United Bankshares, Inc. (UBSI), a $19.7 billion regional bank holding company, faced a rapid growth challenge after multiple acquisitions that more than doubled its assets: its 26‑person internal audit team needed to scale a risk‑based audit program, SOX 404 control suite, and formal audit procedures but found their previous audit management tool slow, costly, and difficult to use. After vetting vendors, UBSI selected AuditBoard and its modules (OpsAudit, WorkStream, SOXHUB, RiskOversight) to address usability, reporting, and SOX certification shortcomings.

AuditBoard delivered an integrated, configurable cloud platform that centralized control testing, automated SOX certification and narrative updates, enabled role‑based access for stakeholders, and provided real‑time visibility and dynamic reporting. As a result, UBSI reports improved coordination with business owners, external auditors, and regulators, faster certification processes, and measurable impact — AuditBoard drove approximately 35% annual cost savings (with the software paying for itself in year one) and an estimated productivity gain equivalent to over 108 audit hours annually.

United Bankshares, Inc.

Courtney Sheff

Senior Internal Audit Manager