Abriska 31000 was designed to provide organisations with an intuitive tool for assessing and managing all types of risk from different functions and departments. Its purpose is to ensures that risk management is an integral part of management and governance, is embedded into the culture and practices, and is tailored to the needs of an organisation. Abriska can be used in any size and type of organisation, although it is ideally suited to those looking to embark on or mature its ERM…
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BWise
Score 7.5 out of 10
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BWise is an Governance, Risk Management, and Compliance (GRC) platform formerly owned and supported by Nasdaq, acquired by SAI Global in April 2019.
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Pricing
Abriska 31000
BWise
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Abriska 31000
BWise
Free Trial
Yes
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Abriska 31000
BWise
Features
Abriska 31000
BWise
Governance, Risk & Compliance
Comparison of Governance, Risk & Compliance features of Product A and Product B
Abriska 31000
-
Ratings
BWise
8.3
Ratings
10% above category average
Common repository of GRC items
00 Ratings
8.70 Ratings
Risk management
00 Ratings
8.10 Ratings
Integration with Corporate Performance Management (CPM) systems
- What does our organization aim to achieve with the application? - Who will be using the tool? - How mature is our organization in the areas/processes that will fall in scope? - Are our areas averse to change? - How flexible and prone are our areas to modify their way of doing business and processes/procedures to accommodate BWise? - After implementation, who and how will perform application maintenance and change management (e.g. how easy will it be to update user privileges, central catalogs, assessment configurations, etc).
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.
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).
