What users are saying about
6 Ratings
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Score 7.5 out of 100
3 Ratings
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Score 9 out of 100

Feature Set Ratings

  • BWise ranks higher in 1 feature set: Governance, Risk & Compliance

Governance, Risk & Compliance

8.3

BWise

83%
7.4

Accelus Risk Intelligence (discontinued)

74%
BWise ranks higher in 5/5 features

Common repository of GRC items

8.7
87%
2 Ratings
7.0
70%
1 Rating

Risk management

8.1
81%
2 Ratings
8.0
80%
1 Rating

Integration with Corporate Performance Management (CPM) systems

7.0
70%
1 Rating
7.0
70%
1 Rating

GRC policy management

8.7
87%
2 Ratings
7.0
70%
1 Rating

Incident management

9.0
90%
2 Ratings
8.0
80%
1 Rating

Attribute Ratings

  • BWise is rated higher in 1 area: Support Rating
  • Accelus Risk Intelligence (discontinued) is rated higher in 1 area: Likelihood to Recommend

Likelihood to Recommend

8.1

BWise

81%
2 Ratings
9.0

Accelus Risk Intelligence (discontinued)

90%
1 Rating

Likelihood to Renew

9.0

BWise

90%
1 Rating

Accelus Risk Intelligence (discontinued)

N/A
0 Ratings

Usability

9.0

BWise

90%
1 Rating

Accelus Risk Intelligence (discontinued)

N/A
0 Ratings

Support Rating

9.0

BWise

90%
2 Ratings
8.0

Accelus Risk Intelligence (discontinued)

80%
2 Ratings

Implementation Rating

8.0

BWise

80%
2 Ratings

Accelus Risk Intelligence (discontinued)

N/A
0 Ratings

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

Thomson Reuters Accelus is very well suited to allow us to manage our equity exposure across both geographies and sectors and view/modify these reports on both a real-time and historical basis. On the fixed income side it is a more cumbersome solution and does not allow the same ease of update and modifications it affords in the equity asset class.
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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

  • Great firm-wide risk profile.
  • Ease of multi asset risk assessment.
  • Easy compliance/regulatory integration.
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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

  • Speed of updating system with new assets.
  • Lacks detail in fixed income.
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Pricing Details

BWise

Starting Price

Editions & Modules

BWise editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    Accelus Risk Intelligence (discontinued)

    Starting Price

    Editions & Modules

    Accelus Risk Intelligence (discontinued) editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Likelihood to Renew

      SAI Global

      BWIse is very flexible, and an affordable GRC tool.
      Read full review

      Discontinued Products

      No answers on this topic

      Usability

      SAI Global

      I found BWise to be very intuitive and user friendly.
      Read full review

      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

      Thomson Reuters provides excellent customer service across products - this product is no exception. Whenever we have had any sort of issue or question they are very quick to respond and provide useful answers and insight. We have not had any sort of major issue that they were unable to address in a timely and appropriate manner.
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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

      Thomson Reuters product offers a much more compelling value proposition than the Eze Suite for us for a few reasons. First, the upfront and installation costs are much less. And secondly, the platform integrates much more seamlessly with our compliance and regulatory systems without as much ongoing maintenance and coding issues.
      Read full review

      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

      • More cost-effective solution than the competition.
      • Manageable upfront/initial integration and installation costs.
      Read full review

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