BWise vs. KnowBe4 KCM GRC Platform (discontinued)

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
BWise
Score 7.5 out of 10
N/A
BWise is an Governance, Risk Management, and Compliance (GRC) platform formerly owned and supported by Nasdaq, acquired by SAI Global in April 2019.N/A
KCM GRC Platform
Score 7.4 out of 10
N/A
KnowBe4 headquartered in Clearwater offers their governance, risk, compliance platform, the KCM GRC Platform.N/A
Pricing
BWiseKnowBe4 KCM GRC Platform (discontinued)
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
BWiseKCM GRC Platform
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
BWiseKnowBe4 KCM GRC Platform (discontinued)
Top Pros
Top Cons
Features
BWiseKnowBe4 KCM GRC Platform (discontinued)
Governance, Risk & Compliance
Comparison of Governance, Risk & Compliance features of Product A and Product B
BWise
8.3
2 Ratings
4% above category average
KnowBe4 KCM GRC Platform (discontinued)
9.3
1 Ratings
16% above category average
Common repository of GRC items8.72 Ratings10.01 Ratings
Risk management8.12 Ratings10.01 Ratings
Integration with Corporate Performance Management (CPM) systems7.01 Ratings00 Ratings
GRC policy management8.72 Ratings8.01 Ratings
Incident management9.02 Ratings00 Ratings
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BWiseKnowBe4 KCM GRC Platform (discontinued)
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Score 8.8 out of 10
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Score 8.8 out of 10
Medium-sized Companies
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Enterprises
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Score 8.4 out of 10
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User Ratings
BWiseKnowBe4 KCM GRC Platform (discontinued)
Likelihood to Recommend
8.1
(2 ratings)
8.0
(1 ratings)
Likelihood to Renew
9.0
(1 ratings)
-
(0 ratings)
Usability
9.0
(1 ratings)
-
(0 ratings)
Support Rating
9.0
(1 ratings)
10.0
(1 ratings)
Implementation Rating
8.0
(1 ratings)
-
(0 ratings)
User Testimonials
BWiseKnowBe4 KCM GRC Platform (discontinued)
Likelihood to Recommend
SAI Global
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.
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Discontinued Products
KnowBe4 KCM GRC Platform is well suited for a company that knows what they're doing compliance wise and needs to save time doing it. It won't be something you can spend a few hours on and then put on autopilot. It was made to create a rhythm within your own team, and you'll need to have the buy-in. It's useful for IT and Legal teams that already have a vendor risk management process, but want to have a better handle on it. Giving an outside auditor read-only access to a scope is also a huge time saver.
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Pros
SAI Global
  • 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.
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Discontinued Products
  • Mapping controls across different compliance frameworks. It saves you a ton of time and energy!
  • Performing risk assessments at the granularity that you prefer, splitting assessments across departments and teams if you wish.
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Cons
SAI Global
  • 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.
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Discontinued Products
  • Vendor management has a few kinks to work out. We want to be able to do internal questionnaires for vendors as a compliance checklist before we sign off on a contract. Nothing in the works yet, but there are a few workarounds.
  • The navigation between different tasks in scope is clunky, and it's easy to lose your place, and it forces you back to the main page of the scope to retrace your steps.
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Likelihood to Renew
SAI Global
BWIse is very flexible, and an affordable GRC tool.
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Discontinued Products
No answers on this topic
Usability
SAI Global
I found BWise to be very intuitive and user friendly.
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Discontinued Products
No answers on this topic
Support Rating
SAI Global
BWise support is knowledgeable and responsive. Bug fixes and development are also timely and ongoing.
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Discontinued Products
Support from KnowBe4 KCM GRC Platform is always great. It's always in-house localized support, with excellent response times, and dedicated Customer Success Managers to answer the bulk of your questions or take your suggestions and make them a feature request. They will also reach out at least quarterly and do health checks to make sure you're using the platform to the best of your ability.
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Implementation Rating
SAI Global
The main issues were managing the internal conflicts and competing objectives, rather than the capability and implementation of BWise itself.
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Discontinued Products
No answers on this topic
Alternatives Considered
SAI Global
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).
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Discontinued Products
Quantivate and Fusion were the other two options we checked out. The quantity was high, and a good bit more expensive, but it was the best performing with its platform. They also had more modules that each cost extra to add to your subscription. KnowBe4 KCM GRC Platform was all-in-one and a little less mature, but the better buy. Fusion was hard to follow in the demo, and I was not overly impressed. I may have made my decision early enough in the demo to not pay much more attention to it.
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Return on Investment
SAI Global
  • Increased employee efficiency especially considering incident management and follow up.
  • Increased visibility and senior management information/awareness.
  • Increased employee accountability.
  • Reduction of silos.
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Discontinued Products
  • Just having the capacity to do things the right way, and formally, has driven some of our compliance efforts.
  • Due to licensing limitations, we likely overspent on seats to the platform that we didn't need but also didn't want to miss out on.
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ScreenShots

KCM GRC Platform Screenshots

Screenshot of View All Compliance Requirements: View all your compliance requirements with details, descriptions, status, scope, and controls for each requirement.Screenshot of View All Compliance Tasks: The “My Dashboard” view narrows focus to tasks assigned to an individual end user, allowing your entire organization to work together towards compliance.Screenshot of View by Scope and Scope Status Report: Scopes enable you to track multiple projects in one place simultaneously allowing you to provide granular user permissions across each project.Screenshot of View Policy Campaign: See all campaign details and easily keep track of your policy campaign completion percentage and user acknowledgments.Screenshot of View Risk Breakdown and Risk Categories: The Risk Dashboard gives you high-level details on your risk categories and risk score associated with these categories.Screenshot of Easily Add Risks: The Risk Wizard makes it easy for you to create unique organizational risks or import risks from existing spreadsheets to your risk register.