What users are saying about
6 Ratings
3 Ratings
6 Ratings
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Score 7.5 out of 100
3 Ratings
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Score 5 out of 100

Likelihood to Recommend

BWise

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.
Anonymous | TrustRadius Reviewer

Riskonnect

Riskonnect is a greater value for subscription services than their competitors, which can be much pricier. However, some of the reporting and features are still being ironed out from the recent Marsh merger. If I was a RiskMaster user, I wouldn't have any trouble making the move to Riskonnect. They're very similar in my opinion.
Richard Crane | TrustRadius Reviewer

Feature Rating Comparison

Governance, Risk & Compliance

BWise
8.3
Riskonnect
9.0
Common repository of GRC items
BWise
8.7
Riskonnect
9.0
Risk management
BWise
8.1
Riskonnect
9.0
Integration with Corporate Performance Management (CPM) systems
BWise
7.0
Riskonnect
9.0
GRC policy management
BWise
8.7
Riskonnect
9.0
Incident management
BWise
9.0
Riskonnect
9.0

Pros

BWise

  • 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.
Anonymous | TrustRadius Reviewer

Riskonnect

  • Riskonnect has a great claims management piece that's very easy to use, especially if you're used to other solutions such as RiskMaster.
  • It's very configurable -- I can decide which fields I want to use and which I don't. If there's something I don't want to use, I can hide it. If there's a field that I want to rename, I can do that too. Very easy to complete by myself, without help from the vendor.
  • The accident reporting module is fantastic. Employees can easily input accident information by following simple prompts. It's also very easy to identify affected body parts and initial treatment options, and it uses smart logic to determine what the user has to input next. Very easy and paperless. I can even sign documentation online.
Richard Crane | TrustRadius Reviewer

Cons

BWise

  • 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.
Anonymous | TrustRadius Reviewer

Riskonnect

  • The Claims Admin piece is relatively new due to their partnership with Marsh ClearSight. There is a noticeable difference between the two integrated systems, but I suspect this will change quickly. I suspect there are still some kinks that are being worked out.
  • Riskonnect doesn't offer a true mobile app yet, but it can be accessed on mobile devices through responsive design. Not bad, but not great either. Especially when trying to view reports.
  • Riskonnect will work with you to configure, but customization is not their thing. If you need a lot of customization, you may need to look elsewhere.
Richard Crane | TrustRadius Reviewer

Likelihood to Renew

BWise

BWise 9.0
Based on 1 answer
BWIse is very flexible, and an affordable GRC tool.
Anonymous | TrustRadius Reviewer

Riskonnect

No score
No answers yet
No answers on this topic

Usability

BWise

BWise 9.0
Based on 1 answer
I found BWise to be very intuitive and user friendly.
Anonymous | TrustRadius Reviewer

Riskonnect

No score
No answers yet
No answers on this topic

Support Rating

BWise

BWise 9.0
Based on 1 answer
BWise support is knowledgeable and responsive. Bug fixes and development are also timely and ongoing.
Anonymous | TrustRadius Reviewer

Riskonnect

No score
No answers yet
No answers on this topic

Implementation Rating

BWise

BWise 8.0
Based on 1 answer
The main issues were managing the internal conflicts and competing objectives, rather than the capability and implementation of BWise itself.
Anonymous | TrustRadius Reviewer

Riskonnect

No score
No answers yet
No answers on this topic

Alternatives Considered

BWise

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).
Anonymous | TrustRadius Reviewer

Riskonnect

Riskonnect was less expensive and provided a similar value against other market competitors. It was also most similar to RiskMaster, which is what we are using. And the ability to run and share reports is impressive.
Richard Crane | TrustRadius Reviewer

Return on Investment

BWise

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

Riskonnect

  • Safety reporting and trends are very valuable. The ability to analyze and predict can reduce the number of claims as well.
  • Since we are using RiskMaster, there doesn't appear to be a big learning curve on learning Riskonnect. Appears to be easy to jump in and get started.
Richard Crane | TrustRadius Reviewer

Pricing Details

BWise

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Riskonnect

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

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