Applied Epic vs AuditBoard
Side-by-side comparison of AI visibility scores, market position, and capabilities
Applied Systems agency management platform for 40,000+ independent insurance agencies with policy, accounting, and carrier integration workflows; competing with Vertafore AMS360 for insurance agency software.
About
Applied Epic is the flagship agency management system (AMS) from Applied Systems — a Chicago-based insurance technology company providing end-to-end management software for independent insurance agencies and brokerages. Applied Epic centralizes the complete agency workflow: client and policy management, certificate of insurance generation, accounting and commission tracking, renewal workflows, marketing submissions to carriers, and agency analytics — replacing the legacy paper-based and disconnected software systems that have historically characterized independent insurance agency operations. Applied Systems serves 40,000+ insurance agencies and brokerages across the US, Canada, UK, and Ireland.
$300M+ ARR Oct 2025 (from $200M Feb 2024); 2,000+ enterprises including 50% Fortune 500; $3B acquisition by Hg May 2024; Gartner Leader 2025 Magic Quadrant for GRC Tools
About
AuditBoard is a cloud-based audit, risk, and compliance management platform founded in 2014 in Los Angeles by Scott Arnold and Bidhan Roy. The company was built on the insight that enterprise audit and compliance teams were stuck managing complex programs in spreadsheets and email, creating inefficiency and risk. AuditBoard's core technology centralizes internal audit, SOX compliance, enterprise risk, and ESG reporting into a unified platform with workflow automation, real-time dashboards, and cross-functional collaboration tools.\n\nThe platform serves over 2,000 enterprises, including more than half of the Fortune 500, making it the market's most widely adopted audit management solution. AuditBoard's product suite covers internal audit management, SOX compliance, operational risk management, vendor risk, and ESG reporting — addressing the full governance, risk, and compliance lifecycle in one integrated environment. Gartner named AuditBoard a Leader in its 2025 Magic Quadrant for Audit Management, reflecting its consistent product execution and customer satisfaction.\n\nAuditBoard crossed $300M in ARR in October 2025, a milestone that cemented its position as one of the largest GRC software companies in the world. In May 2024 the company was acquired by British private equity firm Hg for $3B, providing capital and operational expertise to accelerate its global expansion. As regulatory demands intensify and boards increase scrutiny of risk functions, AuditBoard's comprehensive platform and Fortune 500 penetration give it a commanding position in the fast-growing GRC software market.
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