RSA Archer vs ServiceNow Vendor Risk Management comparison

RSA Archer is a solution designed to help your organization manage policies, controls, risks, assessments, and deficiencies across your lines of business. RSA helps you manage your digital risk with a range of capabilities and expertise including integrated risk management, threat detection and response, identity and access management, as well as fraud prevention.

The solution also allows you to adapt a broad range of solutions to your requirements and is a good option for both big and small companies.

RSA Archer Features

RSA Archer has many valuable key features. Some of the most useful ones include:

• Application builder
• Advanced business workflow
• System integration
• Search, reports, and dashboards
• Access control
• Globalization
• Audit management
• Privacy program management
• Security incident management

RSA Archer Benefits

There are many benefits to implementing RSA Archer. Some of the biggest advantages the solution offers include:

• Taxonomy and data structure: With RSA Archer, you can build and maintain an inventory of personal data processing activities and assets, utilizing a purpose-built taxonomy and data structure.

• Easy tracking: RSA Archer enables you to track data retention schedules and execute a checklist as it relates to processing activities.

• Smooth management: By using RSA Archer, you can manage activities related to notifications and consents linked to the processing activity inventory.

• Improve information assurance programs: RSA Archer enables agencies to improve information assurance programs for continuous monitoring and assessment and authorization.

• Compliance: By providing compliance management, RSA Archer allows you to consolidate information from multiple regulatory bodies and establish a sustainable, repeatable, and auditable regulatory compliance program.

• Business continuity: With RSA Archer, you can automate business continuity and disaster recovery planning to protect your organization in the event of a crisis.

Reviews from Real Users

Below are some reviews and helpful feedback written by PeerSpot users currently using the RSA Archer solution.

A Specialist, RSA Archer at a tech services company, says, “RSA Archer is a valuable tool because it can manage the end-to-end functioning of any enterprise GRC module, such as compliance and risk management or business continuity plans and the entire BCM module. RSA Archer also provides many out-of-the-box solutions, which are use cases derived from the standards for GRC or risk management, governance, and compliance. It provides an end-to-end mechanism for business users on a single platform. That includes reporting, managing workflow, creating documentation, or tracking a process where you need to get approval from the various levels within the organization's hierarchy.”

PeerSpot user Krishnendu S., Vice President at a financial services firm, mentions, "It is enterprise-wide accessible. So, it is very helpful for all the employees in our bank. They can log in and do their risk management activities. It has a few inbuilt modules that are helpful for doing risk management activities, such as issue management, risk identification, risk assessment, and policy exception management. It also has some inbuilt workflows inside these modules. They are also helpful."

A Sr. Internal Auditor at an energy/utilities company comments, "Its user interface is pretty neat, and there is flexibility in generating the data. You can customize reports at any level. You can directly get reports in Tableau format. If you want to generate statistical data, you can create reports with graphs. There is an adequate amount of flexibility for changing the format, the type of graphs, etc."

Another PeerSpot user, Manash B., Technology Manager at a tech services company, explains, "RSA is a very rich application. I like its adaptive suggestion, where based on your users and the class of data, it can actually recommend you the proper control to choose. For example, we have been using PCI DSS as an NIST. So based on application feedback, it will provide you with a suggestion on which control objective needs to be set. Based on that, you can make a decision—you don't need to take the suggestion, but you can customize that particular provided suggestion. RSA Archer's workflow is also good, in terms of process automation."

ServiceNow Vendor Risk Management helps organizations assess and monitor vendor risks efficiently. It streamlines third-party risk management to ensure compliance and protect data integrity.

Delivering comprehensive risk assessments and ongoing monitoring, ServiceNow Vendor Risk Management allows businesses to mitigate risks associated with third-party vendors. By automating the risk management process, it reduces manual effort and enhances visibility into vendor performance. Users appreciate its capability to integrate with existing workflows, providing a centralized platform for managing vendor risks. Some users suggest improvements in reporting features to further enhance data analysis and insights.

• Automated Risk Assessments: Streamlines vendor evaluations, reducing manual workload.
• Continuous Monitoring: Provides ongoing insights into vendor risk levels.
• Integration Capabilities: Seamlessly connects with existing workflows and systems.
• Comprehensive Dashboards: Offers visual representation of risk data for better understanding.

• Improved Compliance: Enhances regulatory adherence and reduces non-compliance risks.
• Cost Efficiency: Minimizes resource investment through automation, boosting productivity.
• Enhanced Data Integrity: Protects sensitive information against third-party risks.
• Time Savings: Accelerates vendor risk assessment processes.

In industries like finance and healthcare, where vendor risk is a critical concern, ServiceNow Vendor Risk Management is frequently implemented to ensure compliance and manage risks effectively. Its ability to automate and streamline processes supports these sectors in achieving their risk management goals while adapting to industry-specific requirements.