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ARIS Risk and Compliance Manager vs MetricStream comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

ARIS Risk and Compliance Ma...
Ranking in GRC
14th
Average Rating
8.0
Number of Reviews
2
Ranking in other categories
No ranking in other categories
MetricStream
Ranking in GRC
10th
Average Rating
8.6
Number of Reviews
2
Ranking in other categories
Continuous Controls Monitoring (10th), IT Governance (3rd), IT Vendor Risk Management (12th)
 

Mindshare comparison

As of November 2024, in the GRC category, the mindshare of ARIS Risk and Compliance Manager is 0.8%, down from 1.1% compared to the previous year. The mindshare of MetricStream is 4.3%, up from 4.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
GRC
 

Featured Reviews

BPMexp67 - PeerSpot reviewer
Covers the entire risk management cycle, from identification and evaluation to control, mitigation, and monitoring
The most effective features are the basic ones to evaluate and control risk. We have many specific small models inside of ARIS Risk and Compliance Manager, like issue management. These are smaller add-ons depending on the needs. You are including specific models as well. The basic ones do exactly what is required for risk management: identification, evaluation, control, mitigation, and modification. And, we have dashboards with the possibility to configure compliance policies and risk limits based on which we can create alarms. If there are maximum limits, we create alarms attached to the responsible people. Normally, there is someone that identifies the risk, and then you have the risk owner. These people [normal users] can send notifications to the risk owner, who will evaluate the risk and decide whether it's important to control it or not. I remember a project where the customer wanted to control all risks and assigned many people to identify them. They started identifying risks everywhere. After a few years, the customer realized that it didn't make sense to control all of them. So, they created limits—levels of risk the company was willing to accept because it was more expensive to implement controls than to manage the risk. So, regarding ARIS Risk and Compliance Manager, you can implement all the risks and policies you can imagine because it's very customizable. You can customize a lot of things.
AP
Reasonably priced, stable, with out of the box deployment, and has good local support
They have now reworked it. The interface is mobile-friendly and it is getting a good response from our customers. It's a very good feature that the product offers. It is also available as a cloud option, which is getting a lot of interest from customers who are looking into the GRCC. It is very useful, especially in the solution platform. It has good features and good functionality, and our customers feel there is a lot of merit in that. I think that the portal is constantly improving. They do their own enhancements very often. They keep doing those enhancements from their site itself.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The most valuable feature is the risk testing, where you can attach your processes to the risk, and automatically generate all of the tests."
"We can set it so that for a specific risk, or for all risks if we want, people will receive automatic notifications to do the evaluation and implement or test the control at a set interval, like every six months or every year."
"Key features are usability and ease of configuration. It allows us to have all the information in a single place and provide real-time indicators and information for our executives."
"The interface is mobile-friendly and it is getting a good response from our customers."
 

Cons

"I would like to see the modeling less strict so that connectors can be more flexible."
"In future releases, I would like to see more features around AI (artificial intelligence)."
"We would like to have more dashboards and reports, such as geographical and trend reports in the next version. Also, an improvement in the mobile version would be helpful."
"I would like to see out-of-the-box integration with more security, it would be helpful."
 

Pricing and Cost Advice

Information not available
"They are flexible in terms of customers' needs."
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Top Industries

By visitors reading reviews
No data available
Educational Organization
32%
Financial Services Firm
21%
Computer Software Company
9%
Non Profit
4%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

What is your experience regarding pricing and costs for ARIS Risk and Compliance Manager?
We have some nominated licenses, which are per user, and concurrent licenses. The concurrent licenses are more expensive than the other ones but are better, at least for a big company. We can have ...
What needs improvement with ARIS Risk and Compliance Manager?
In future releases, I would like to see more features around AI (artificial intelligence).
What is your primary use case for ARIS Risk and Compliance Manager?
I recommend it to my customers. Sometimes, we follow the normal cycle: risk identification, then evaluation, then mitigation, and lastly, monitoring. In other processes, we use the software to anal...
What advice do you have for others considering MetricStream?
There are 3 industry leading GRC software and they are IBM OpenPages, MetricStream and RSA Archer. In the areas of Operational Risk, Regulatory Management, Policy Management, Operational Resilience...
 

Overview

 

Sample Customers

Alicorp, Tesco, Dubai Municipality, Emirates NBD, Suva - ARIS serves customers across all industries and of every size worldwide. Companies trust ARIS as being in the market of business process management for more than 30 years, serving users worldwide, from 1 user companies to the Fortune 500.
Federal Home Loan Bank of Chicago, ACCO Brands Corporation, AgFirst Farm Credit Bank, AIB International, Associated Banc-Corp, BAE Systems, Barclaycard, Dell Inc, DIRECTV, Energizer, Fresenius Kabi, Hasbro, Goodyear, HudsonCity Savings Bank, Infigen Energy, Kaydon, Leroy Merlin, Mountry Financial Corp., Nicholas Piramal, Pepco, Pfizer, Societe Generale, Whitney Bank
Find out what your peers are saying about ARIS Risk and Compliance Manager vs. MetricStream and other solutions. Updated: October 2024.
816,406 professionals have used our research since 2012.