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SAP Risk Management vs. TrustArc

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    SAP Risk Management

    Score9 out of 10
    N/ASAP Risk Management is an enterprise risk management solution that supports risk identification, assessment, analysis, and monitoring. It can be deployed on-premise, or in the cloud.N/A

    TrustArc

    Score9 out of 10
    N/ATrustArc headquartered in San Francisco offers their eponymous data privacy management platform, providing risk assessments, breach management, compliance reporting, among other features.N/A
    Pricing
    SAP Risk ManagementTrustArc
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    SAP Risk ManagementTrustArc
    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
    User Ratings
    SAP Risk ManagementTrustArc
    Likelihood to Recommend
    9.0
    (1 ratings)
    7.0
    (1 ratings)
    Usability
    8.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    SAP Risk ManagementTrustArc
    Likelihood to Recommend
    SAP
    Well-suited: - Managing regulatory compliance across multiple regions with centralized monitoring. - Tracking financial risks like credit exposure, loan repayments, and investment volatility. - Assessing operational risks in supply chains or IT systems to prevent disruptions. Less appropriate: - Small organizations with limited risk complexity, where the system may feel too heavy. - Situations needing real-time external data integration (IoT, third-party feeds), which can be cumbersome. - Highly customized analytics or predictive modeling, as standard dashboards are rigid.
    Incentivized
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    TrustArc
    TrustArc is well suited for a small-to-medium sized digital organization that is concerned about its ability to fulfill data privacy requirements. TrustArc offers an API integration to allow users to handle a larger volume of requests, but I don't have personal experience with this feature. It is a requirement that a cross-functional data privacy team be established in your organization to get the most use out of this product.
    Incentivized
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    Pros
    SAP
    No answers on this topic
    TrustArc
    • Email verification
    • Frontend UI
    • Flexible configurations
    • Easy-to-follow audit trail - each step of the process is clearly defined
    • Integrated process flow - all communication back to data subject is handled through TrustArc
    Incentivized
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    Cons
    SAP
    No answers on this topic
    TrustArc
    • Notification schemes - allowing different access levels to be notified when certain processes occur
    • Two-factor authentication upon login is a desirable feature not implemented
    • Standardized reporting on home dashboard
    Incentivized
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    Alternatives Considered
    SAP
    No answers on this topic
    TrustArc
    OneTrust offers a similar product offering to TrustArc. Our organization had a legacy relationship with TrustArc with respect to its online cookie management preference solution. OneTrust product offerings do provide much of the same functionality as TrustArc and is worthy of consideration if you are evaluating vendors in this space.
    Incentivized
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    Return on Investment
    SAP
    No answers on this topic
    TrustArc
    • Allow organization to be compliant with data privacy laws is a requirement in 2021
    • Flexible offering allows for control of both digital (cookie) and database record requests
    • Sunk cost - organization requires this type of program, TrustArc is an established vendor in this space
    Incentivized
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    ScreenShots