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SAP BusinessObjects GRC vs Workiva Wdesk comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

SAP BusinessObjects GRC
Ranking in GRC
17th
Average Rating
7.6
Number of Reviews
5
Ranking in other categories
Continuous Controls Monitoring (2nd)
Workiva Wdesk
Ranking in GRC
5th
Average Rating
7.0
Number of Reviews
7
Ranking in other categories
Business Performance Management (11th), Financial Close Software (2nd)
 

Mindshare comparison

As of November 2024, in the GRC category, the mindshare of SAP BusinessObjects GRC is 2.1%, down from 2.2% compared to the previous year. The mindshare of Workiva Wdesk is 7.8%, up from 4.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.
GRC
 

Featured Reviews

Osama Saleh - PeerSpot reviewer
Apr 4, 2022
Provides a lot of useful information and helps in managing risks and controls
BusinessObjects is very dated. It is not that user-friendly. It should be made more user-friendly. In addition, if they could make predictive analytics an embedded part of it where people get to know what is there to offer, it would be great. They need to invest heavily in business planning and consolidation. They have a BPC tool, which is known for planning and consolidation, but its implementation consumes a lot of effort. It is not that easy to implement. It would be better if they come up with a solution that is more user-friendly and easy to integrate so that we can have multiple consolidations or versions.
Phillip Gough - PeerSpot reviewer
Oct 24, 2023
The solution is easy to deploy and enables collaboration, but it must improve its speed and enable users to create pivot tables
The solution is used for financial reporting The collaboration within the platform is valuable. The solution should be able to do pivot tables. I have been using the solution for three years. I am using the latest version of the solution. I rate the tool’s stability a six out of ten. The speed…

Quotes from Members

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

Pros

"We have enterprise clients for the product."
"It is wonderful from the control perspective. The GRC tools help you in knowing what are the risk controls, how to mitigate risks, and how to ensure that there are no conflicts between the roles. From the user perspective, you get to know what are the permission risks and access risks. You get a lot of useful information."
"The best features are the scalability and flexibility to implement applications on top of the BW."
"Initial setup was straightforward. It took maybe one week."
"The tool helps create reports for projects, including the creation of any ad-hoc reports"
"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."
"It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files."
"The cross-functionality between connectivity, whether through API connections between different software platforms or the connection of data collection to the actual written ESG report, is highly valuable. The connectivity of all these aspects significantly aids in data assurance, which I consider a bonus."
"The collaboration within the platform is valuable."
"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."
"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools."
"It makes the compliance process more efficient and more effective."
 

Cons

"BusinessObjects is very dated. It is not that user-friendly. It should be made more user-friendly. In addition, if they could make predictive analytics an embedded part of it where people get to know what is there to offer, it would be great."
"I think the old system is better than the new one. From an improvement perspective, the tool needs to ensure that the new technologies it offers are better than the old ones."
"Technical support could be better and faster."
"An additional feature I would like to see is the option to add wait time and integrate sources in wait time."
"We cannot actively log in to the system. It should also improve support."
"The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandatory or voluntary reporting requirements, leading to lost linkage connections that must be manually reset each time a change is made. This aspect is not functional now, and I see it as an opportunity for improvement."
"Regarding the solution, reporting has certain areas that can be considered for improvement."
"One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."
"With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together."
"The most critical issue is the need to shift between uppercase and lowercase."
"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities."
"The speed must be improved."
 

Pricing and Cost Advice

"The license is costly."
"SAP BusinessObjects GRC is expensive."
"The product's licensing costs involve a one-time purchase. The tool also allows others to make annual payments towards the licensing charges of the product."
"There is a yearly licensing cost. I would rate their pricing 4 out of 5."
"Our clients in Asia think that the solution is too expensive."
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Top Industries

By visitors reading reviews
Computer Software Company
17%
Financial Services Firm
13%
Manufacturing Company
10%
Insurance Company
7%
Financial Services Firm
18%
Educational Organization
16%
Computer Software Company
8%
Insurance Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What do you like most about SAP BusinessObjects GRC?
The tool helps create reports for projects, including the creation of any ad-hoc reports
What needs improvement with SAP BusinessObjects GRC?
There isn't anything in particular that my company doesn't like about the product. It is an old system that is currently being used by its users, which works in areas like prompts and reports. I th...
What advice do you have for others considering SAP BusinessObjects GRC?
My company is in touch with the vendor who takes care of the maintenance phase of the solution. I cannot recommend the product to other organizations. Other organizations can choose from the many t...
What do you like most about Workiva Wdesk?
The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet.
What is your experience regarding pricing and costs for Workiva Wdesk?
Wdesk is affordable and as far as I'm aware, there were no additional costs beyond the standard license increase. We didn't have to make any other changes; it primarily involved accessing the platf...
What needs improvement with Workiva Wdesk?
The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandat...
 

Also Known As

BusinessObjects GRC
Wdesk
 

Learn More

 

Overview

 

Sample Customers

INEOS Melamines GmbH, Banco Galicia
Noodles Company, eBay, Winnebago, American Assets Trust, AmericanEnterprise, Calpian, Capstone Infrastructure, Cascades, Circor International, Coeur Mining, Davey, Dr Pepper Snapple
Find out what your peers are saying about SAP BusinessObjects GRC vs. Workiva Wdesk and other solutions. Updated: October 2024.
814,649 professionals have used our research since 2012.