MindBridge Platform vs. Riskonnect IRM

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MindBridge Platform
Score 9.2 out of 10
N/A
MindBridge Ai Auditor is an AI powered auditing & financial risk assessment platform, from the company of the same name in Ottawa.N/A
Riskonnect IRM
Score 5.2 out of 10
N/A
Riskonnect is an Integrated Risk Management platform. Riskonnect products are all connected, allowing users to navigate to review, analyze, and report from a single interface.N/A
Pricing
MindBridge PlatformRiskonnect IRM
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
MindBridge PlatformRiskonnect IRM
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Best Alternatives
MindBridge PlatformRiskonnect IRM
Small Businesses

No answers on this topic

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Medium-sized Companies
Workday Financial Management
Workday Financial Management
Score 8.0 out of 10
Qualys Cloud Platform
Qualys Cloud Platform
Score 8.6 out of 10
Enterprises
Workday Financial Management
Workday Financial Management
Score 8.0 out of 10
Qualys Cloud Platform
Qualys Cloud Platform
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MindBridge PlatformRiskonnect IRM
Likelihood to Recommend
9.2
(5 ratings)
-
(0 ratings)
Usability
9.0
(1 ratings)
-
(0 ratings)
Support Rating
10.0
(1 ratings)
-
(0 ratings)
User Testimonials
MindBridge PlatformRiskonnect IRM
Likelihood to Recommend
MindBridge
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.
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Riskonnect
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Pros
MindBridge
  • 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.
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Riskonnect
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Cons
MindBridge
  • 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.
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Riskonnect
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Usability
MindBridge
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.
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Riskonnect
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Support Rating
MindBridge
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.
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Riskonnect
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Alternatives Considered
MindBridge
We did not consider any other similar products.
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Riskonnect
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Return on Investment
MindBridge
  • Increased efficiency
  • Better quality audits performed
  • Coming to more reasoned conclusions that are supported by data
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Riskonnect
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ScreenShots

MindBridge Platform Screenshots

Screenshot of MindBridge Ai Auditor DashboardScreenshot of Risk by Account Report