Name: BWise
Rating: 7.5 (6 reviews)
Author: SAI Global

Help Desk

Web and Video Conferencing

Customer Support

Augmented Reality Development

Performance Testing

Development

School Management

Education

Business Intelligence (BI)

Collaboration

Data Analytics  and BI Services

Data Discovery and Visualization

Digital Rights Management (DRM)

Document Management

Enhanced 911 (E911)

Enterprise Generative AI

Integrated Workplace Management (IWMS)

Payment Facilitation

Enterprise

Accounting

Trust Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Corporate Volunteering

Employee Monitoring

HR Management

Payroll

Recruitment Agency

Stock Option Plan Administration

Talent Intelligence

Talent Management

Video Interview

Workforce Analytics

Workforce Management

Human Resources

3D Printing

AI Governance

Application Performance Management (APM)

Cloud Migration

Cloud Storage

DevSecOps

Firewall

Fraud Detection

Hadoop-Related

Integration Platform as a Service (iPaaS)

Network Performance Monitoring

Product Implementation Services

Robotic Process Automation (RPA)

Telecom Expense Management (TEM)

Web Scraping

Zero Trust Security Solutions

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Appointment Scheduling

Audience Engagement

Content Management

Cross-Channel Campaign Management

Email Marketing

Email Testing

Employee Advocacy

Enterprise Marketing Management

Marketing Automation

Social Media Advertising

Social Media Management

Survey & Forms Building

Web Analytics

Wholesale Marketplace

Marketing

Job Site Management

Project Management

Waste Management

Professional Services

Customer Relationship Management (CRM)

Social Commerce

Sales

Cloud Access Security Brokers

Secure Access Service Edge (SASE)

User and Entity Behavior Analytics (UEBA)

Security

Camp Management

Digital Forensics

Estate Planning

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

ServiceNow Governance, Risk, and Compliance

ServiceNow

Archer Integrated Risk Management Platform

Archer Technologies LLC

Aravo

Aravo Solutions

Ideagen Risk Management

Ideagen

MetricStream Platform

MetricStream

Forcepoint Data Loss Prevention

Forcepoint

Clear Analytics

Jira Service Management

Atlassian

SAI360

SAI Global

Oracle Fusion Cloud ERP

Oracle

BWise is an Governance, Risk Management, and Compliance (GRC) platform formerly owned and supported by Nasdaq, acquired by SAI Global in April 2019.

Predict360, the flagship software solution by 360factors, is a Risk and Compliance Intelligence Platform augmented with Artificial Intelligence technology to predict and mitigate operational risks while streamlining regulatory compliance. Predict360 integrates regulations and obligations, compliance management, risks and controls, KRIs, audits and assessments, policies and procedures, and training in a single cloud-based SaaS platform based on artificial intelligence to provide predictive analytics and unique insights for predicting risks and streamlining compliance.

Predict360 by 360factors

ManageEngine's DataSecurity Plus is a software solution to help users find, analyze, and track sensitive personal data—also known as PII/ePHI— residing in Windows file servers and failover clusters.

ManageEngine DataSecurity Plus

BWise

Governance, Risk and Compliance (GRC) Platforms are software for automating the performance and security risk management, and compliance auditing policies inherent in IT asset management.

Governance, Risk & Compliance

Likelihood to Recommend

Likelihood to Renew

Usability

Support Rating

Implementation Rating

Common repository of GRC items

Risk management

Integration with Corporate Performance Management (CPM) systems

GRC policy management

Incident management

The goal of IT governance is ultimately to ensure that the processes governing evaluation, selection, prioritization, and funding of competing IT investments are driven by the overall business

A common repository linking all GRC elements such as policies, risks, regulations, etc.) to give a 360 degree view

Risk management capabilities including alert engine to warn of trending risk exposure and risk visualizations like heat maps, dashboards, etc.

Ability  to integrate with external CPM software

Support for policy lifestyle changes including creation, approval, communication etc.

System captures risk-related incidents, including cause and result

Oracle BPM Suite

SAP Enterprise Portal

Microsoft SQL Server

SAP Business Warehouse

OpenText Business Process Monitor

BWise 2016-02-11 10:47:01

SAP BusinessObjects Business Intelligence

BI Brainz

BWise 2015-11-20 06:32:19

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Integration with sap

Allows integration

Among different

Not customizable

Types of reports

Risk assessment

Highly customizable

Automatic emails

Easily accessed

Reporting tool

Take action

Policies and procedures

Sap business

Application allows

Home

Governance, Risk & Compliance Platforms

BWise is used as a GRC platform to manage multiple compliance initiatives for SOX, IT compliance, PCI compliance, Procurement compliance, Internal Audit, and Management Self-testing.
BWise is integrated with TeamMate audit tracking, for internal audit testing and annual compliance testing.
BWise is used for testing across the enterprise, giving management a view into the control effectiveness, across the company, and across compliance initiatives.

Bwise is very customizable to accommodate multiple compliance initiatives, across the enterprise.
Integration with TeamMate, made tracking audit testing and results easy to stay on top of.
Being able to map controls, and test once, and report control effectiveness for multiple initiatives was important.

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.

BWise was the most cost effective, and flexible solution evaluated, and eventually implemented.
BWise is a great repository for controls, and for managing GRC compliance.
BWise handled mapping multiple compliance initiatives to the master controls very well.
BWise integrated with TeamMate for testing controls very well.

SAP Business Warehouse, Oracle BPM Suite, Microsoft SQL Server

Control compliance.
Control testing.
Control remediation tracking.
Management awareness.

Integrating with TeamMate for control testing, tracking, remediation.
Management awareness.
Management Self-testing.

Continuous control monitoring.
Managing additional compliance initiatives.
HR Employee surveys.

Price
Product Features
Product Usability
Product Reputation
Positive Sales Experience with the Vendor
Third-party Reviews

Evaluating short term objectives verses strategic long term objectives.

Vendor implemented
Implemented in-house
Professional services company

Change management was a big part of the implementation and was well-handled

Competing business objectives was the most significant issue encountered.
Project management, and managing the timeline was the next significant issue.
Customization of the complex environment, and implementation was an issue.
Implementing multiple compliance initiatives at once was a challenge, but considered necessary to move to one tool set.

BWise worked very closely with us, and helped us through a very complex implementation. Sales, and product support were very knowledgeable, and capable, with a very in-depth understanding of the product, and how to customise and adapt the framework for our environment, and complex requirements. 
We implemented multiple compliance initiatives, across multiple companies, across a multinational enterprise.
We also performed a custom integration with TeamMate, for audit control testing, tracking, and reporting.

Managing the Master control list.
Managing multiple compliance initiatives.
Mapping controls to the multiple compliance initiatives, multiple companies, and many locations.
Dashboards, and reporting results.
Managing and restricting views across lines of business, companies, locations, and compliance initiatives.

Custom integration with audit tools like TeamMate, but we completed an effective integration.
Mapping controls to standards, COSO, COBIT, ISO, HIPAA, PCI, NIST.
Most standard GRC requirements were managed pretty well.

The BWise application is the tool we're using to support and implement our governance, risk, and compliance project. It is an ERM (Enterprise Risk Management) corporate-wide initiative sponsored by our executive officers. It encompasses our financial, compliance, audit and risk divisions. This project objective is to increase integration among the aforementioned divisions, minimize silos, and improve efficiency and reporting to senior management.

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.

Internal Quality Check. I think this is the most prominent area BWise should improve on. Currently they lack internal Quality Check/Review.
Internal dialogue among employees. When various consultants are involved in the same project, their communication and updating each-other could be a bit stronger.
Inclusion of content. The application could benefit considerably from including some out-of-the-box content (e.g. COSO principles, Risk catalogs, etc.).
Risk Workshop functionality. This is one of the main functionalities that allows integration among different areas of an organization. However, it comes pretty much "take it or leave it"; it's almost not customizable.
Consultants' transparency. When an organization requests a particular design of the application or solicits changes to such design, it would be great if BWise consultants could always and more thoroughly advise on the implications of these changes, design to the organization's strategic objectives and ultimate target.
Product features. Application has room for improving its programming, e.g. providing internal checks when creating/answering an issue/finding (for instance, remedy implementation date cannot be before the recommendation response date or the recommendation creation date). Another example would be the possibility of automatic periodic followup (e.g. every 1 month until completion).

Increased employee efficiency especially considering incident management and follow up.
Increased visibility and senior management information/awareness.
Increased employee accountability.
Reduction of silos.

BWise

Overview

What is BWise?