BWise vs. SAP Audit Management

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
SAP Audit Management
Score 9.3 out of 10
N/A
SAP Audit Management streamlines internal audit activities with mobile capabilities. The product enables documentation of evidence, organization of work papers, and creation of audit reports. It can be deployed on premises or in the cloud.N/A
Pricing
BWiseSAP Audit Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
BWiseSAP Audit Management
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
Features
BWiseSAP Audit Management
Governance, Risk & Compliance
Comparison of Governance, Risk & Compliance features of Product A and Product B
BWise
8.3
2 Ratings
9% above category average
SAP Audit Management
-
Ratings
Common repository of GRC items8.72 Ratings00 Ratings
Risk management8.12 Ratings00 Ratings
Integration with Corporate Performance Management (CPM) systems7.01 Ratings00 Ratings
GRC policy management8.72 Ratings00 Ratings
Incident management9.02 Ratings00 Ratings
Monitoring Tasks
Comparison of Monitoring Tasks features of Product A and Product B
BWise
-
Ratings
SAP Audit Management
10.0
1 Ratings
18% above category average
Remote monitoring00 Ratings10.01 Ratings
Network device monitoring00 Ratings10.01 Ratings
Multiple Server Monitoring00 Ratings10.01 Ratings
Multi-device monitoring00 Ratings10.01 Ratings
Automated alerts and notifications00 Ratings10.01 Ratings
Management Tasks
Comparison of Management Tasks features of Product A and Product B
BWise
-
Ratings
SAP Audit Management
9.0
1 Ratings
6% above category average
Patch Management00 Ratings10.01 Ratings
Service configuration management00 Ratings9.01 Ratings
Software and hardware inventory00 Ratings8.01 Ratings
Policy-based automation00 Ratings9.01 Ratings
Reporting
Comparison of Reporting features of Product A and Product B
BWise
-
Ratings
SAP Audit Management
10.0
1 Ratings
19% above category average
Performance data reports00 Ratings10.01 Ratings
Customizable reporting00 Ratings10.01 Ratings
Data visualization00 Ratings10.01 Ratings
Risk analysis00 Ratings10.01 Ratings
Security
Comparison of Security features of Product A and Product B
BWise
-
Ratings
SAP Audit Management
8.7
1 Ratings
14% above category average
Data backup and recovery00 Ratings9.01 Ratings
Antivirus and malware management00 Ratings7.01 Ratings
Administrator access control00 Ratings10.01 Ratings
Best Alternatives
BWiseSAP Audit Management
Small Businesses
Rencore Code (SPCAF)
Rencore Code (SPCAF)
Score 8.8 out of 10

No answers on this topic

Medium-sized Companies
Forcepoint DLP
Forcepoint DLP
Score 8.9 out of 10
FloQast
FloQast
Score 9.3 out of 10
Enterprises
Forcepoint DLP
Forcepoint DLP
Score 8.9 out of 10
FloQast
FloQast
Score 9.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
BWiseSAP Audit Management
Likelihood to Recommend
8.1
(2 ratings)
10.0
(4 ratings)
Likelihood to Renew
9.0
(1 ratings)
-
(0 ratings)
Usability
9.0
(1 ratings)
-
(0 ratings)
Support Rating
9.0
(1 ratings)
8.5
(2 ratings)
Implementation Rating
8.0
(1 ratings)
-
(0 ratings)
User Testimonials
BWiseSAP Audit Management
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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SAP
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.
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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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SAP
  • Project management
  • Risk assessment and management
  • Streamlining internal auditing
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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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SAP
  • Limitation only audit SAP system if organization using other ERP system they may need separate audit management tool.
  • Expensive for small organization
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Likelihood to Renew
SAI Global
BWIse is very flexible, and an affordable GRC tool.
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SAP
No answers on this topic
Usability
SAI Global
I found BWise to be very intuitive and user friendly.
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SAP
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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SAP
Considering we use it in biweekly or monthly basis - the product runs very well in every aspect.
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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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SAP
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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SAP
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.
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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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SAP
  • 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
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ScreenShots