Risk Management Software

As with any newer tool, some of the kinks get worked out in real time. There have been a few updates pushed out that have changed some of the dashboards utilized. The communication was a little unclear, but we've been able to respond to the change. Additionally, the tiered pay structure limits what you have access to, so if cost is prohibitive, you may not get the full capabilities of the tool. Review collected by and hosted on G2.com.

Auditboard is giving us visual insights into our audit processes, while helping us streamline our existing process. The tool is very flexible and gives access to the backend data for reporting and project tracking. Review collected by and hosted on G2.com.

Workiva can be a bit harder to use when formatting with images or insertion of objects, such as graphs. In general, customization options can feel limited at times. Review collected by and hosted on G2.com.

In terms of SEC reporting, Workiva ensures we have strict version control over our document and through linking, ensures data accuracy. Its platform centralizes data, automates updates, and enhances collaboration, reducing manual errors and time spent on tasks. Review collected by and hosted on G2.com.

The learning curve and more advanced building processes can be tough to wrap your head around at first. Setting up your own template and making mistakes will help you learn sooner as you work with your Implementation manager. Review collected by and hosted on G2.com.

Work hard in your implementation to set up some of your own templates so you know how the software works. Review collected by and hosted on G2.com.

We had a very slow and painful close process as well as issues with memory space on previous software solutions. We've now cut our monthly close process on the FP&A side down from 2 weeks to 2 days. Review collected by and hosted on G2.com.

While Scrut Automation is a powerful tool, the initial setup can be a bit overwhelming, especially for teams new to compliance management software. However, their customer support team is very responsive and helpful, which made the onboarding process smoother. Review collected by and hosted on G2.com.

Before adopting Scrut Automation, our compliance processes were disjointed and time-consuming, relying heavily on spreadsheets and manual tracking. Scrut has centralized our compliance management, making it easier to stay audit-ready year-round. The automated alerts and task assignments help our team stay proactive rather than reactive, ensuring we address compliance gaps before they become issues. This has not only improved our security posture but also enhanced our trust with clients, resulting in a smoother compliance journey and quicker audit cycles. Review collected by and hosted on G2.com.

There is nothing at this time I dislike about Drivetrain. Review collected by and hosted on G2.com.

Data quality, data access, less manual reports.

It benefits us by allowing the Accounting team as well as the Finance team to streamline the consolidation process and ease of reporting. Review collected by and hosted on G2.com.

Mosaic is still a fairly early stage company so there are some features and integrations that are lacking but nothing that was a deal breaker. I will say that the team is open to hearing their customers requests and acting upon the product roadmap as planned. Review collected by and hosted on G2.com.

We moved to Mosaic from another FP&A tool that was very much lackluster and holding our Finance team back. Mosaic is helping us spend more time on value-added work vs. manual work and wasting time constantly chasing problems with the tool. The ability to share nice looking dashboards with executives and budget owners is also a huge plus. Review collected by and hosted on G2.com.

Auditability of line items can be enhanced by adding extra features like saved views references, filter references, UX page references etc. Ability to natively view the size consumed by a line item (not just cell count) can greatly help with size impact analysis. Detailed error logging and scheduler accuracy can be improved in Cloudworks. Native support for allowing input/breakback and calculation logic in the same line item can be added to further boost platform adoption in Retail Planning use cases. Review collected by and hosted on G2.com.

Anaplan's versatility is one of its key differentiators. Using Anaplan, comprehensive planning solutions that facilitate quick decision-making can be built for all critical functions - Finance, Sales, Supply Chain, HR and Workforce, Marketing etc. As a partner, this enables me to implement best-in-class solutions for our customers and their planning needs. 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.

My solitary suggestion for improvement with LiveFlow would be the integration of QBO's custom reports, as opposed to being confined to the pre-existing, pre-populated ones. Review collected by and hosted on G2.com.

LiveFlow is serving as an invaluable tool in our business operations, streamlining our reporting processes, saving costs, and enhancing our productivity. LiveFlow has eliminated the need for manually running weekly reports in QBO and emailing them to clients. Instead, I can compile all required reports into a Google sheet and share the link with our clients. This has saved time and effort, and also allows our clients to access these reports whenever they want. LiveFlow provides live data that updates every hour or whenever the Google sheet is opened. This ensures that you and your clients always have access to the most current data, improving decision-making and response times. LiveFlow has helped save money by negating the need for another application to manage commission calculations. By automating manual tasks and centralizing report access, LiveFlow has significantly boosted our productivity. This allows us to focus more on core business activities, improving overall business performance. Although I wish to have the ability to use QBO's custom reports within LiveFlow, the current pre-populated ones still provide you with necessary data and insights. However, integrating the custom reports could further enhance the flexibility and efficiency of your reporting process. 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.

One of the least helpful aspects of Solver is its occasional complexity in setup and configuration. While it offers powerful features, getting everything optimized and customized to fit specific business needs can sometimes be time-consuming, especially for users without technical expertise. Additionally, some of the advanced features require a steeper learning curve to fully utilize.

The main downsides of using Solver include the initial implementation effort and the occasional difficulty in troubleshooting issues. Integrations with other systems, while valuable, can sometimes lead to compatibility challenges or slowdowns. Additionally, depending on the version or package, certain advanced features might come with higher costs, which could limit accessibility for smaller teams or organizations with tighter budgets. Review collected by and hosted on G2.com.

Solver is helping me address challenges related to reporting and financial analysis. Its Excel-like interface makes customizing our reports much easier, allowing us to tailor the data presentations to meet specific business needs. The ability to quickly create, modify, and distribute reports has significantly improved our efficiency in data analysis and decision-making. By streamlining these processes, Solver helps us better understand our financials, identify trends, and make more informed business decisions. Review collected by and hosted on G2.com.

I don't have a lot of complaints, with Rhythm. I think there are a lot of features that would not get utilized if you don't have someone experienced to walk you through them all, but the learning curve isn't very steep. Review collected by and hosted on G2.com.

Currently, Rhythm is being used to outline long-term and short-term goals for operations. We are also using it to outline operations objectives, projects and tasks to meet those goals. Review collected by and hosted on G2.com.

Not many things to think of. The platform is user-friendly and it's easy to build formulas. If you have your data in a good spot structure wise, Datarails does a great job of being able to process and produce outputs quickly Review collected by and hosted on G2.com.

Datarails help solve quite a few problems for us, including:

Automating monthly financial close and report distribution

Data Validation

Collaborative budgeting and forecasting

Ability to quickly produce ad hoc reporting

Ease of adjusting data structure and account hierarchies

Significantly reduced file sizes in excel that improves collaboration within the team

All of the above enables our FP&A team to dive into the numbers and financial analysis vs. time spent ensuring reporting is correct and reconciled. We are spending more time working on the business vs. rolling up the numbers now which is a huge step forward for the team. Review collected by and hosted on G2.com.

Honestly, I would love to share something constructive but so far, it is a dream. We determined how we wanted to do our university goal setting through OKRs without knowing that AchieveIt would make it such a lighter lift. The best suggestion I can make is that we are considering an enterprise license and would love more information about the cost and options. Review collected by and hosted on G2.com.

We have implemented OKRs in conjuction with AchieveIt. This system is helping to provide transparency about the goals of each of our units. As an administrator, it will help us report to the Board and also create a shared understanding of baselines, benchmarks, and where we are going. This has always been opaque in our org. 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.

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.

Certain assumptions can be difficult to create, such as the equivalent of an IF statement. Occassionally limited by maximum amount of reports or custom tables. Review collected by and hosted on G2.com.

Jirav offers an all-in-one solution for reporting. 3 statement models are part of the reporting with little effort on our end. We are able to create multiple scenarios based on revenue that assist us with debt covenant reporting, etc. Review collected by and hosted on G2.com.

So far I have a good experience, there are some issues but attended immediately. Review collected by and hosted on G2.com.

Management of regulatory compliance or frameworks. It is easy to manage and track compliance, saves you a lot of time. The Audit module significantly streamlines the process of collecting evidence, saving you valuable time and effort. By automating and centralizing evidence collection, it eliminates the need for constant back-and-forth emails and reminders to owners. Instead of manually chasing down submissions, the module provides a structured platform where evidence can be uploaded and tracked seamlessly. This reduces administrative overhead, minimizes delays, and ensures that all required documentation is gathered efficiently and in a timely manner. Overall, it enhances productivity and ensures a smoother, more organized audit process. 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.

Formulas and calculations can be tricky to manage. You need one or two administrators that have a strong knowledge of these as well as triggers. Finding a clear learning path of the product, that does not result in additional charges. Taking an accelerated class on formulas and having to pay for it or pay a consultant is not a solution when we already pay for the product. Dashboards are not user friendly, each tile needs to be manually updated with dates. There are no features to select dates for an entire dashboard tab. Review collected by and hosted on G2.com.

We have created a lot of efficiency in our month-over-month forecasting. Being able to pick up the last month's forecast and create a new version with the existing values means teams can update only those values that have changed and not all values. We can compare against actuals and review trends. The connections to OfficeConnect, allows us to bring updates to individuals on an immediate basis with a refresh. Being able to use the Planning tool within Excel allows users to easily update personnel and capital projects, while also having calculations that are repeatable for future analysis. Review collected by and hosted on G2.com.