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

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

Accelus Risk Intelligence (discontinued)

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.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Governance, Risk & Compliance

BWise
8.3
Accelus Risk Intelligence (discontinued)
7.4
Common repository of GRC items
BWise
8.7
Accelus Risk Intelligence (discontinued)
7.0
Risk management
BWise
8.1
Accelus Risk Intelligence (discontinued)
8.0
Integration with Corporate Performance Management (CPM) systems
BWise
7.0
Accelus Risk Intelligence (discontinued)
7.0
GRC policy management
BWise
8.7
Accelus Risk Intelligence (discontinued)
7.0
Incident management
BWise
9.0
Accelus Risk Intelligence (discontinued)
8.0

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

Accelus Risk Intelligence (discontinued)

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

Accelus Risk Intelligence (discontinued)

  • Speed of updating system with new assets.
  • Lacks detail in fixed income.
Anonymous | 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

Accelus Risk Intelligence (discontinued)

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

Accelus Risk Intelligence (discontinued)

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

Accelus Risk Intelligence (discontinued)

Accelus Risk Intelligence (discontinued) 8.0
Based on 2 answers
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.
Anonymous | TrustRadius Reviewer

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

Accelus Risk Intelligence (discontinued)

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

Accelus Risk Intelligence (discontinued)

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.
Anonymous | 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

Accelus Risk Intelligence (discontinued)

  • More cost-effective solution than the competition.
  • Manageable upfront/initial integration and installation costs.
Anonymous | TrustRadius Reviewer

Pricing Details

BWise

General

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

Accelus Risk Intelligence (discontinued)

General

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

Rating Summary

Likelihood to Recommend

BWise
8.1
Accelus Risk Intelligence (discontinued)
9.0

Likelihood to Renew

BWise
9.0
Accelus Risk Intelligence (discontinued)

Usability

BWise
9.0
Accelus Risk Intelligence (discontinued)

Support Rating

BWise
9.0
Accelus Risk Intelligence (discontinued)
8.0

Implementation Rating

BWise
8.0
Accelus Risk Intelligence (discontinued)

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