What users are saying about
5 Ratings
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Score 9.3 out of 100
3 Ratings
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Score 5 out of 100

Likelihood to Recommend

MindBridge Platform

MindBridge [Platform] is an excellent tool to use to gain additional comfort over client's data. The key areas it helps with are analytical procedure risk and inherent risk, but depending on the data you have, it can also be able to assess control risk to a degree. It's a very malleable tool that can be made to fit your client, however, it does require upfront work (as the implementation of any new technology would). The tool may not be scalable for audit work that is very low-risk and requires little hour input in the first place as it may add more hours in the long-run than the normal audit would incur. Our team has used these low-risk audits in our implementation, however, to corroborate the results we get, which we felt has helped us achieve our successes with the tool.
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

MindBridge Platform
Riskonnect
9.0
Common repository of GRC items
MindBridge Platform
Riskonnect
9.0
Risk management
MindBridge Platform
Riskonnect
9.0
Integration with Corporate Performance Management (CPM) systems
MindBridge Platform
Riskonnect
9.0
GRC policy management
MindBridge Platform
Riskonnect
9.0
Incident management
MindBridge Platform
Riskonnect
9.0

Pros

MindBridge Platform

  • Using the output from MB AI we have been able to reduce the inherent risk and analytical procedures risk assessments in our audits which have reduced our substantive testing sample sizes.
  • The output from MB AI allows us to focus on the medium risk and high risk transactions that were recorded in the general ledger during the year.
  • Our younger, more technologically advanced team members really enjoy working with MB AI.
scott young | 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

MindBridge Platform

  • It needs to have a deliverable Risk Analysis report, something that can be exported to a PDF and delivered to clients.
  • Accounts receivable and payable analysis needs to be able to handle tiered customers and vendors.
  • Exporting to PDF should be a feature. Works great for Excel.
  • Needs forecasting capability in order for us to use for review engagements.
  • Needs the ability to compare client to industry ratings.
Samantha Bowling, CPA CGMA | 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

Usability

MindBridge Platform

MindBridge Platform 9.0
Based on 1 answer
The only reason I do not give this a 10 is that I would like a deliverable risk report. This would enable me to offer additional services to my non-audit clients.
Samantha Bowling, CPA CGMA | TrustRadius Reviewer

Riskonnect

No score
No answers yet
No answers on this topic

Support Rating

MindBridge Platform

MindBridge Platform 10.0
Based on 1 answer
My experience with customer support may different since I started using the application early on. I am also providing continuous recommendations for improvement or additional features. They have always been available when I needed them and they actually listen and value my opinion. They have implemented many of our recommendations and asked for our input on possible new features.
Samantha Bowling, CPA CGMA | TrustRadius Reviewer

Riskonnect

No score
No answers yet
No answers on this topic

Alternatives Considered

MindBridge Platform

We did not consider any other similar products.
scott young | 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

MindBridge Platform

  • Increased efficiency
  • Better quality audits performed
  • Coming to more reasoned conclusions that are supported by data
Emily Jordan | 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

Screenshots

Pricing Details

MindBridge Platform

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required

Starting Price

Riskonnect

General

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

Starting Price

Rating Summary

Likelihood to Recommend

MindBridge Platform
9.3
Riskonnect
8.0

Usability

MindBridge Platform
9.0
Riskonnect

Support Rating

MindBridge Platform
10.0
Riskonnect

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