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MEGA HOPEX vs OneTrust GRC comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

MEGA HOPEX
Ranking in GRC
4th
Average Rating
7.8
Number of Reviews
40
Ranking in other categories
Enterprise Architecture Management (4th), Business Process Design (7th)
OneTrust GRC
Ranking in GRC
2nd
Average Rating
8.2
Number of Reviews
14
Ranking in other categories
IT Vendor Risk Management (1st)
 

Mindshare comparison

As of November 2024, in the GRC category, the mindshare of MEGA HOPEX is 1.5%, down from 2.2% compared to the previous year. The mindshare of OneTrust GRC is 8.5%, down from 9.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
GRC
 

Featured Reviews

Navi Thejesh - PeerSpot reviewer
Feb 1, 2024
Interactive with good functionality and helps with productivity
The latest version is HOPEX WiFi. HOPEX can be on the cloud and accessed from anywhere within the given access network area. It is very interactive. We can do things from anywhere, and all the applications will work as specified. We can generate documents and can publish the documents. We can create a data match and visualize graphs and everything. Everything can be generated from the web interface itself. It has good functionality. We can develop our own customizations and meta models to define requirements, in-house business functions, and requirements. MEGA is already defined by global standards. A company can adapt to global standards and work in such a way to design its own methodology to define its structure. The interface is very good.
Gerald Pegg - PeerSpot reviewer
Oct 11, 2024
Streamlined incident management with user-friendly automation tools and responsive support
I use OneTrust specifically for incident management. For my company, I helped to create the incident management program that we currently use, particularly with gathering the information and sending out assessments to different vendors to collect information for further research and discovery.  I…

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 of this solution is the reuse of common enterprise components and entities."
"The ability to customize is valuable."
"The initial setup was straightforward. With configuration, customizing or prepping the data and deployment, it took about one year to set up. We only needed two people to deploy and maintain the solution: one business architect and someone who specializes in customization and operations."
"The most valuable feature is that the software controls everything from a single management window."
"The most valuable feature of MEGA HOPEX is the publication method for static websites. You can generate the whole database into a static website. Additionally, in the new tabular entry, you don't have to put objects or links, you can go and fill a tab and the MEGA HOPEX will generate an object for you in a simple way."
"The tool is very simple and intuitive to use."
"It generates friendly websites and presents specific views of the enterprise (business, functional, applicative, technological, and infrastructure)."
"The most valuable feature is the completeness of HOPEX's meta-model. It's a strong meta-model that's rigid but comprehensive. It's a logical fit for our understanding of how we want things modeled in our database."
"The privacy impact assessment automation tool and the incident management tool are very user-friendly."
"The platform is especially useful in startup environments where we're typically starting from scratch."
"The product helps us streamline audit and incident management processes."
"One of the valuable features of this solution is it has the ability to review fourth and fifth parties to the nth degree."
"It does help in the automation of our privacy impact assessments."
"OneTrust GRC offers policy management, including documentation, distribution, attestation, and policy management."
"We have data from Jira regarding addiction related to Europe as well as California. Additionally, we have data related to the Indian Data Protection Bill. Therefore, GDPR compliance is highly beneficial."
"We receive notifications or cases and prioritize them accordingly, which helps us address issues promptly."
 

Cons

"The solution lacks additional models compared to other tools."
"The data layer might be the weakest point for MEGA HOPEX."
"MEGA HOPEX's problem is that it is expensive, but it's a fantastic tool."
"There could be continuous AI enhancements for the platform."
"I would like to see more regular updates released."
"The tool needs to have a viewer portal. Currently, we have to use a custom solution to display information, which requires additional effort and tracking of data on a daily basis. Having a built-in viewer dashboard portal would be beneficial."
"The interface must be improved."
"The features are limited. I'm hoping in the future the solution will be bigger and include more items. Right now, overall, it needs more."
"I haven't seen any return on investment using the solution. If I had the opportunity, I would use a different solution."
"There are several areas for improvement. One is the integration capability. Connecting various DSAR systems can be time-consuming if a single integration takes months to complete."
"There could be enhancements related to AI."
"OneTrust GRC's workflows aren't automated and need to be manually driven."
"The Vendor Risk dashboard is quite basic today and not interactive, but improvements are in coming the next releases."
"The platform was not built in a way that allowed multinational entities to use it seamlessly."
"The product is not that easy to set up."
"We encounter difficulties creating multiple platforms or interfaces and manual processes for changing certain settings."
 

Pricing and Cost Advice

"The tool is relatively expensive."
"The price of the support depends on the vendors that are reselling this module or the MEGA HOPEX version 5. We are on premium support and are their only partners in the GCC, we have a premium support contract with them. The support we have is not with the client. The client does not bear the cost, it's us who bear the cost."
"The pricing depends on the number of licenses purchased."
"I've been told that MEGA HOPEX is very expensive, which is why small organizations dismiss the tool. It's complex and costly versus other simpler and cheaper solutions."
"If you want to use additional features, such as the Risk Management capability, then it is a little too expensive."
"The price of the MEGA HOPEX license could improve, it is expensive. The license key for business process analysis and IT architecture is approximately €10,000. This price is fixed, it's not a subscription or cloud-based version. It is a one-time price."
"MEGA HOPEX's licensing costs are yearly."
"The product has a high cost."
"The platform is expensive."
"OneTrust GRC's licensing costs about $15,000 per module."
"OneTrust GRC is an expensive solution."
"On a scale from one to ten, where one is cheap, and ten is too expensive, I rate the solution a seven since it falls under the pricey side."
"I found the pricing and setup cost very reasonable."
"The solution is expensive."
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Top Industries

By visitors reading reviews
Educational Organization
42%
Financial Services Firm
13%
Computer Software Company
6%
Insurance Company
5%
Financial Services Firm
14%
Computer Software Company
12%
Government
7%
Healthcare Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

Any experience with Strategic Project Portfolio Management Solutions?
Hi @Cheryl Joseph ​Looking at the crossover between Project and Portfolio management with EA, then Planview could be a good choice. If looking at Portfolio Management from an EA perspective then Le...
What do you like most about OneTrust GRC?
We have data from Jira regarding addiction related to Europe as well as California. Additionally, we have data related to the Indian Data Protection Bill. Therefore, GDPR compliance is highly benef...
What is your experience regarding pricing and costs for OneTrust GRC?
I don't have specifics on pricing. I know it's not very cheap, but the budget aspect is outside my wheelhouse.
What needs improvement with OneTrust GRC?
I wish there were more customization options, particularly within the privacy rights automation module. More customization on the backend would allow for adjusting specific category labels tailored...
 

Comparisons

 

Also Known As

No data available
OneTrust Vendor Risk Management
 

Overview

 

Sample Customers

Aetna, Fannie Mae, M&T Bank, Glatfelter Insurance Group, Zions Management Services Company, The College Board, Baxter Credit Union, AXA Financial, Missouri Department of Conservation, New York State OTDA, MEG Energy Corp, Walgreens, Procter & Gamble, Biogen Idec, Gilead Sciences, Organic Valley, Trinity Health, Nissan and Ford
randstand, into, halfbrick
Find out what your peers are saying about MEGA HOPEX vs. OneTrust GRC and other solutions. Updated: October 2024.
815,854 professionals have used our research since 2012.