Risk Management Software

AuditBoard does not do the best with letting clients know about issues happening within their system that are impacting users and sometimes we only find out after we submit a service desk ticket in. Examples include times when we could not download our testing documents and this was a known issue affecting multiple customers, yet we did not learn that this issue was being worked on until after a ticket was submitted. Customer support does do well with working with you once a ticket is submitted which is a positive, I just think they could be more proactive. Review collected by and hosted on G2.com.

It is the repository for all of our working papers. It's our one stop solution to the current year and all prior year work papers becuase you can access it all through the site. Review collected by and hosted on G2.com.

Very often connection is very slow.

There are features to be improved such as - formulas, pivots.

There is no current way to share document with big group of people without giving access to each one to Workiva - for example group of 10000 people within one organization. Review collected by and hosted on G2.com.

Workvia unify all the data into one or two documents, instead to have many on the desktopn. By creating connections between the documents, its significantly reduces the time and automate the processes. Review collected by and hosted on G2.com.

After a nine month implementation, we ultimately decided to stop the process after spending countless hours on it. Vena’s models are extremely rigid and couldn’t accommodate our needs and requirements. Instead, they asked us to lower our expectations because the product simply couldn’t deliver.

On top of that, they failed to integrate with our ERP, despite claiming that "dozens of users are already using it."

I’m furious about the time and money we wasted on this failed process, not to mention an entire year that was completely lost. Review collected by and hosted on G2.com.

As we didn’t complete the implementation and stopped it midway, I’m unable to answer this question. Review collected by and hosted on G2.com.

The software and underlying databasesystem are a little buggy which sometimes results in loss of information. In the end the issues are solved. but this takes longer than needed and SA could definitely improve on that aspect. Review collected by and hosted on G2.com.

It helps us to maintain control over our ISMS-frameworks being ISO-27001, SOC2 and GDPR. Review collected by and hosted on G2.com.

There are a few minor cosmetic suggestions I've made to the DT team. Our feedback tends to be well received and updates are made within the tool quickly. Review collected by and hosted on G2.com.

Reviewing actuals

Actuals reporting

Deparment level forecasting and reporting

Forecasting and budgeting

Headcount planning Review collected by and hosted on G2.com.

There is definitely a learning curve with regards to creating formulas and linking the elements of a financial model. The syntax of the formulas is different from Excel/GSheet, but the support site has lots of examples so one can get pretty far on their own. Review collected by and hosted on G2.com.

Creating new forecasting scenarios (and having those scenarios be populated with actuals over time) is now much easier than combining those in Excel. Review collected by and hosted on G2.com.

It is a not a drag-and-drop tool for do it yourself dashboarding. But it is also not intended to be this. The target of Apliqo is rolling out applications to a group of end users that can get going without the need for extensive trainings. Review collected by and hosted on G2.com.

We mainly use Apliqo (both UX and FPM) for internal reporting. We use it for our day-to-day timesheets, our (financial) month end close, dashboarding and reporting.

The operational model is tracking our projects on a day-to-day basis, provinding an overview of budgets-to-date, time spent (hours/days), expenses tracking. Our users are entering information on a daily basis.

For the financial closing we are currently utilising the P&L/Balance sheet reporting layer across our region, based on input from various countries, coming from different data sources (accounting systems).

Everything gets harmonized through a common mapping to a uniform group layer. Review collected by and hosted on G2.com.

Anaplan's pricing can be confusing and opaque. This is due to an evolving platform, technology, and GTM model. Customers from just 3 years ago may have completely different expectations on pricing and that can cause friction. However, the GTM model had to change - the platform, which did not drastically change from 2014-2022, has received an incredible overhaul in terms of technical functionality, and old pricing models did no capture that at all. Review collected by and hosted on G2.com.

I will specifically answer this question regarding the territory and quota (T&Q) use case. T&Q represents a widespread, needed-everywhere planning problem but it doesn't have any of its own big software players. The reason is that Anaplan is so well-suited to the use case, that you'd waste your time trying to create a bespoke competitor. And Anaplan's offering is only strengthening.

T&Q has the hallmarks needs of planning: nuanced, many disparate data sets, very large data sets, operational and financial considerations, many distributed stakeholders, and consistent collaboration. Anaplan checks each of those boxes an we see it at our customers. Our customers tell us they love a prescriptive approach that they still can own (the new T&Q app comes out of the box), where they can merge what they love about their current process with the best-in-class they need. These streamlined T&Q apps help our customers create fairer territories with better account scoring, build better quotas to set the right incentives and reach the right attainment curve, and do it all significantly faster. Our happiest customer now deploys territories and quota before the yera begins when it previously took them until 6 weeks into Q1. Review collected by and hosted on G2.com.

Mapping the GL accounts on set up is slighly time consuming but even this aspect is reasonable. Review collected by and hosted on G2.com.

LifeFlow allows us to provide detailed and up the the minute financials to key players in the organization that don't live in QuickBooks like the finance team does. Leaders are able to get the information they need to make decisions right from a spreadsheet. We also value the consolidation of our multiple companies in different combinations as needed to customize based on each unique stakeholder. Review collected by and hosted on G2.com.

One thing that has been challenging for me to get used to about monthly reporting is what to do when our numbers go down in a month instead of in an upward trajectory. One way to mitigate this is the emphasis on both a general progress and a numerical report. Review collected by and hosted on G2.com.

AchieveIt is allowing me to set goals and have ongoing evaluation with ease. It also helps with reporting my goal progress to the larger company and my supervisor. Review collected by and hosted on G2.com.

We did extensive diligence for an FP&A tool because as a small org, this was a big decision for us. We're pleased to report there's not a single reason we regret that decision! We made the right one. Review collected by and hosted on G2.com.

Abacum is democratizing our financial data, allowing us to plan better operationally, and to forecast revenue realization. Review collected by and hosted on G2.com.

*Data Explorer's load time is slow. I'd like the initial view limited to 100 records to speed it up.

*Unable to control the report archive for my users. I want to be able to delete reports in their archive, similar to being an admin in a workspace.

*Parameter naming is inflexible. I had an issue where a previous report creator was using 'periods' and I was using 'period'. This created a confusing extra period filter in the report archive for users. To fix this, I had to delete the old parameter out of every report and setup a new paramter. Then I had to publish the report to the report archive and now my users have 2x the report because I can't control their archive space.

*Default LID entry in input templates. My users think it's clunky and they constantly make mistakes while using it e.g., leaving the last column cell blank & somehow breaking it by putting a value in the main line (even though I thought that wasn't supposed to be possible... they found a way to break it). I then have to clear out everything, save, and re-enter in the LID section.

*Solver is very slow sometimes or has issues fetching drill-down data or it fails. I'd like to have an indication of when Solver is experiencing a slowdown or issues.

*Customizing a drill-down in a report is cumbersome.

*No way to 'view as' a role. In many programs I admin, I can 'view as' a role so I can interact with the program the way the user is enabled to.

*Auto-save feature for input templates. I had 2 users enter their budgets and not his save this cycle.

*Overhaul the look and UI experience of input templates. I had some users complain that it wasn't "slick looking"... I get that it's Excel, so maybe at least Learning Academy courses on beautifying a report template and best practices for the user experience.

*Maybe I missed this option, but there is no way (?) to get a summary of my publisher jobs for the day so I can see what ran or did not run easily.

*Lack of user community. With many other software programs, users can respond and try to help others, and then an official representative of the software responds occasionally. The Solver community forum is a borderline ghost town.

*Need the ability to lock roles in the planning security section instead of having to lock the entire scenario down

*Metrics on how often reports are viewed and by what users Review collected by and hosted on G2.com.

Solver enables our company to quickly build up its future financial picture. Since the department heads can enter their budgets and forecasts directly into Solver, we get the information ASAP. This helps our executive team intervene if necessary, informs their decision-making, and helps them with their plan. Review collected by and hosted on G2.com.

If you forget to upload changes you lose your work, which with time happens less as it because a habit to save, but still happens on occaison if you're forgetful! Review collected by and hosted on G2.com.

My role requires analysing hundreds of thousands of rows of customer performance data each month, and ten's of rows. This is very laborious for excel to store the data and analyse with excel forumlas. Datarails however has this data stored elsewhere, with their formulas to use to then pull said data. These speeds up my work so much and takes away a lot of stress caused by excel freezing. Not to mention the time saved updating the analysis with the new data! Review collected by and hosted on G2.com.

At the outset, it is important that team members are trained to use the software since some features are not intuitive. There is a bit of a learning curve but Rhythm does provide training tools. You get what you put into the system. The team needs to commit to using Rhythm properly. The team has to be made accountable to enter their information on a regular basis in order to have data that is actionable. Review collected by and hosted on G2.com.

At the company level, the Executive use Rhythm to plan strategy, objectives and follow through on completion. At the team/department level, the members use Rhythm to focus on completing tasks that align with the company strategy and objectives so that the entire company is aligned and working towards common goals. Review collected by and hosted on G2.com.

Nothing. Cost was great, the platform was straightforward, and if we had questions their team was able to help answer things quickly. Review collected by and hosted on G2.com.

We purchased Sprinto to help us achieve ISO27001:2023 compliance. Having gone through SOC2 Types 1 and 2, ISO9001, and other audits with other tools, the Sprinto experience was seamless and helped us achieve compliance in record time. From helping to gather evidence to ensuring that we had appropriate processes in place for areas we did not consider, Sprinto was a huge boon for us. Review collected by and hosted on G2.com.

There is a higher learning due to the flexibility of the system. Review collected by and hosted on G2.com.

With Compyl, we have all our program information in one place that can be reported on or visually shown through dashboards. This also allows us to know the current state of compliance across a number of different frameworks. Review collected by and hosted on G2.com.

It is not a one-stop-shop for all of your risk management needs. For example, it's not a risk management information system, or RMIS, where you can store claim, insurance, and TCOR data. However, it is a more targeted approach to managing business continuity and other risks. Review collected by and hosted on G2.com.

Fusion solves our business continuity planning needs and lets us view all those critical functions, applications, vendors, and mitigagte against any potential risk factors. Review collected by and hosted on G2.com.

It is just my personal preference for the future, but possible integration with Power BI to automate reporting would be a valuable enhancement. However, the system does provide comprehensive data analysis itself. Review collected by and hosted on G2.com.

Firstly, the product provides great customer service and a comprehensive knowledge base. This was crucial for us because, during the setup stage, especially since it was the first time for our organization, we lacked experience using the platform. The company offers various training sessions, guidance, personal support, and excellent in-system support for any questions. Additionally, the program is easy to use; we easily engaged our leaders and used the voting option online during our meetings. The product is well-designed to bring all the pieces together and monitor the progress of risk mitigation.

Essential ERM addresses several critical issues. The system effectively tracks and manages incidents, linking them to risks, controls, and action plans, which enhances our organizational response and mitigation strategies. Moreover, it aligns enterprise risks with strategic objectives, ensuring that business unit leaders and executives are effectively engaged. Review collected by and hosted on G2.com.

We are just waiting for the launch of Vareto 2.0 to start implementing Planning, but everything we have heard about the roadmap has us super excited! Review collected by and hosted on G2.com.

Getting us out of excel(s) and manual processes, which reduces time spent compiling information once the books are closed so that we can spend more time analyzing results

Transaction level observability so we can make the most informed business decisions

Organizing our reporting and planning all in one place that allows our teams to be collaborative Review collected by and hosted on G2.com.

The only issue I have seen with hyperProof is if a jumpstart is done with similar controls as it can create duplicates with no way of mass deletion. However, HyperProof is fixing this issue, and the reason why it is important as a user to test everything in the sandbox before doing anything in the production enviroment. Review collected by and hosted on G2.com.

HyperProof is helping to solve issues such as time maintaining security packages and audits. Review collected by and hosted on G2.com.