Likelihood to Recommend 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.
Read full review SAP Audit Management is the absolute best software available for large, multi-national companies that have dedicated internal audit resources. Further, due to the implementation costs, I would only recommend a company to be serious about purchasing this software if external audit expenses were upwards of $2 million per annum. Also, better suited for an organization that already has solid audit procedures in place but wants to integrate them and increase audit efficiency. A company starting from scratch would not value this particular software as much because integration becomes less important in that scenario.
Read full review Pros 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. Read full review Project management Risk assessment and management Streamlining internal auditing Read full review Cons 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. Read full review Limitation only audit SAP system if organization using other ERP system they may need separate audit management tool. Expensive for small organization Read full review Likelihood to Renew BWIse is very flexible, and an affordable GRC tool.
Read full review Usability I found BWise to be very intuitive and user friendly.
Read full review Support Rating BWise support is knowledgeable and responsive. Bug fixes and development are also timely and ongoing.
Read full review Considering we use it in biweekly or monthly basis - the product runs very well in every aspect.
Ä°hsan Akkarpuz STA Site Engineer (CV Car, B Car, Cargo, Engine, Transmission)
Read full review Implementation Rating The main issues were managing the internal conflicts and competing objectives, rather than the capability and implementation of BWise itself.
Read full review Alternatives Considered 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).
Read full review I wouldn't say there is a true peer to SAP Audit Management currently available on the market. SAP Audit Management is the only software that is. It is designed by and developed for audit practitioners across the world. Further, the software unlocks the disparate information for Internal Audit departments and supports audit experts in their day-to-day activities with an easy to use. collaborative, and risk-based approach towards audit procedures.
Read full review Return on Investment Increased employee efficiency especially considering incident management and follow up. Increased visibility and senior management information/awareness. Increased employee accountability. Reduction of silos. Read full review Has significantly minimized external audit fees for the time our organization has used it Has helped meet all the customer-specific requirements highlighted in it's checklist for the time we have used it It has integrated numerous audit functions including risk management, access control, and process control Read full review ScreenShots