Aravo vs. BWise

Aravo is an excellent option to keep track of suppliers, make sure they go through the necessary flow to comply with IT and regulatory requirements. It is an easy way to keep a record of suppliers which is evidence to help us in this regulatory compliance process and as a evidence for internal/external audits.

Incentivized

Well suited for general compliance, multiple initiatives, and integration with TeamMate. SAP GRC Process control may be better suited for an SAP environment. Oracle GRC may be better suited for an Oracle environment. Overall, BWise is a very cost effective, and flexible solution.

Incentivized

• Great reporting tool (uses SAP Business Objects). It is quite flexible on types of reports that can be created and supported. Also the reporting consultants are very competent and nice.
• Highly customizable solution: almost everything can be tailored to an organization's needs, assessments, audits, issues, recommendations, tasks, etc. However, there's a trade-off between customization and the integration of different areas of the organization.
• Increases visibility and efficiency in the organization. BWise offers centralized repositories (catalogs) that can be easily accessed and used by everyone in the organization (e.g. Process catalog, Policies and Procedures catalog, Risks, Controls, Laws catalogs, etc.). Also, the application allows findings on controls tested by Audit to be automatically reflected in controls monitored by SOX for example, without the need for SOX to retest them. So one area can leverage on the work of other areas increasing operational efficiency.
• Increases integration and avoids silos. By choosing the correct design (e.g. Risk Workshops instead of Open Assessments), one area can see and benefit from another areas' work. An example was mentioned above; another would be Operational Risk area considering the results of Business Continuity, Vendor Management, Info Security, etc. assessments when carrying out theirs. Additionally, processes can be integrated: when contracting a new vendor for instance, one can include questions about data confidentiality and usage of models in the Vendor risk assessment. Answers to these could then trigger Info Sec / Model Risk assessments.
• Increases accountability. Application provides full audit/change log with the type of change, name of executor, and date of change.
• Easier follow-up. BWise sends automatic emails with reminders to the people required to take action on an issue, assessment, etc.

Incentivized

• Integration with SAP for continuous control monitoring.
• Control mapping to standards: ISO; COSO; COBIT; HIPAA; SP800_53 (NIST); FedRAMP; PCI_DSS; BITS; GAAP; AICPA; BSI; CCM; COPPA; CSA
• Surveys.

Incentivized

BWIse is very flexible, and an affordable GRC tool.

Incentivized

It is an excellent tool for supplier management, from selection, evaluation, control and improvement of suppliers. It is easy for suppliers to integrate their information and it can be linked to the company's information, it remains registered, and it is easy to modify it according to all of the company's requirements.

Incentivized

I found BWise to be very intuitive and user friendly.

Incentivized

BWise support is knowledgeable and responsive. Bug fixes and development are also timely and ongoing.

Incentivized

The main issues were managing the internal conflicts and competing objectives, rather than the capability and implementation of BWise itself.

Incentivized

Wasn't personally involved in the vendor selection process. I am aware that one of the main drivers for selecting BWise was cost (I believe BWise total project cost was several times lower than MetricStream's).

Incentivized

• Increased employee efficiency especially considering incident management and follow up.
• Increased visibility and senior management information/awareness.
• Increased employee accountability.
• Reduction of silos.

Incentivized