Overview
What is BWise?
BWise is an Governance, Risk Management, and Compliance (GRC) platform formerly owned and supported by Nasdaq, acquired by SAI Global in April 2019.
BWise - The peaks and valleys of our GRC journey
Pricing
What is BWise?
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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- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Details
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- Tech Details
What is BWise?
BWise Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
Comparisons
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Reviews and Ratings
(6)Attribute Ratings
Reviews
(1-1 of 1)BWise GRC Implementation Review
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.
SAP GRC Process control may be better suited for an SAP environment.
Oracle GRC may be better suited for an Oracle environment.
Overall, BWise is a very cost effective, and flexible solution.
- Common repository of GRC items
- 90%9.0
- Risk management
- 90%9.0
- Integration with Corporate Performance Management (CPM) systems
- 70%7.0
- GRC policy management
- 90%9.0
- Incident management
- 90%9.0
- 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.
- 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
- Vendor implemented
- Implemented in-house
- Professional services company
We used Deloitte as a consultant, to provide project management, and implementation expertise for our custom, and complex environment.
We implemented multiple compliance initiatives (SOX; PCI; IT General controls; Procurement; Audit; Management Self-testing, HR Employee Surveys; Questionnaires; and other Surveys.
Multiple companies, and multiple locations across the enterprise.
The project was very complex, with defining the master data, and mapping controls to multiple compliance initiatives, for multiple companies, in multiple locations. We also performed a custom integration with TeamMate, for Audit integration, testing, tracking, reporting, and remediation.
We brought together a Steering committee, with the project sponsors, and the Business and Process owners represented.
Having a consultant act as the PMO helped objectivity, and communicating clearly how competing objectives, requirements, and concerns were being addressed.
- 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.
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.