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Pros & Cons summary

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Prominent pros & cons

PROS

MEGA offers an integrated GRC platform for enhanced coordination between Risk, Compliance, and Internal Audit on a single platform with HOPEX.
The platform allows for automatic updating and propagation of changes across the system, ensuring efficient management.
HOPEX supports scalability, enabling companies to expand its usage as needed without limitations.
The platform provides seamless integration with other systems through built-in connections and APIs, such as ServiceNow and GraphQL.
MEGA HOPEX facilitates decision-making and collaboration across organizations, covering domains like business, technology, and data with features like process modeling and value chain analysis.

CONS

Standardization is lacking as the operational risk function does not follow established Basel standards.
MEGA HOPEX needs better integration with other tools and platforms, such as ITSM or CMDB.
There is a high learning curve, making it complex to learn and use without extensive training.
MEGA HOPEX is considered expensive and would benefit from a lower price point.
Data governance features are insufficient, lacking capabilities such as cleansing and validation.
 

MEGA HOPEX Pros review quotes

SO
Operational Risk Analyst at a financial services firm with 5,001-10,000 employees
Jan 7, 2018
MEGA offers a more integrated GRC platform to facilitate enhanced coordination between the functions of Risk, Compliance, and Internal Audit on a single platform solution - HOPEX.
it_user803181 - PeerSpot reviewer
Consultant at Wolea
Jan 17, 2018
You do not need to be a professional of enterprise modeling to contribute to the enrichment and improvement of the enterprise repository.
reviewer763188 - PeerSpot reviewer
Quality manager at a computer software company with 201-500 employees
Jun 4, 2019
The most valuable feature for this solution is the automatic updating and propagation of changes across the system.
Learn what your peers think about MEGA HOPEX. Get advice and tips from experienced pros sharing their opinions. Updated: December 2025.
879,422 professionals have used our research since 2012.
ITConsul616b - PeerSpot reviewer
IT Consultant at a sports company with 501-1,000 employees
Aug 19, 2019
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.
CS
CTO / Chief Architect and Strategist at CGS Strategy LLC
Sep 17, 2019
The most valuable feature of this solution is the reuse of common enterprise components and entities.
reviewer1101405 - PeerSpot reviewer
IT Consulting Manager at a tech services company with 11-50 employees
Jan 18, 2020
I find the IT portfolio management very valuable and helpful.
AA
IT Manager at Kuraimi Bank
Mar 8, 2020
The solution is scalable. If a company needs to expand it, it's completely possible to do so.
EA
Consultant at CDS
Mar 8, 2020
The most valuable feature is that the software controls everything from a single management window.
reviewer1352934 - PeerSpot reviewer
Founding Partner at a tech services company with 1-10 employees
Oct 21, 2020
Every module sets up the same information in a unique repository.
reviewer1446351 - PeerSpot reviewer
Architecte entreprise at a energy/utilities company with 10,001+ employees
Nov 12, 2020
This is a complete package with all of the functionality that we need.
 

MEGA HOPEX Cons review quotes

SO
Operational Risk Analyst at a financial services firm with 5,001-10,000 employees
Jan 7, 2018
Standardization is lacking. The Operational Risk Function will be more effective if it at a default level follows established Basel standards for Loss categorization, Risk Assessments, Risk Event categorization, etc.
it_user803181 - PeerSpot reviewer
Consultant at Wolea
Jan 17, 2018
Needs a friendlier import/export to other modeling tools.
reviewer763188 - PeerSpot reviewer
Quality manager at a computer software company with 201-500 employees
Jun 4, 2019
We would like to see integration with other products, such as being able to use our workflow with SharePoint and Microsoft Office.
Learn what your peers think about MEGA HOPEX. Get advice and tips from experienced pros sharing their opinions. Updated: December 2025.
879,422 professionals have used our research since 2012.
ITConsul616b - PeerSpot reviewer
IT Consultant at a sports company with 501-1,000 employees
Aug 19, 2019
They do tend to push people to their professional services, instead of helping the customers with their problems. I understand this is their business. At the same time, however, they need to work on fact sheets or offer some program to help the customers who want to implement it themselves and to make it run properly in their environment.
CS
CTO / Chief Architect and Strategist at CGS Strategy LLC
Sep 17, 2019
The tool usability is weak and it also has a high learning curve.
reviewer1101405 - PeerSpot reviewer
IT Consulting Manager at a tech services company with 11-50 employees
Jan 18, 2020
Scalability can be a problem sometimes.
AA
IT Manager at Kuraimi Bank
Mar 8, 2020
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.
EA
Consultant at CDS
Mar 8, 2020
I would like to see more regular updates released.
reviewer1352934 - PeerSpot reviewer
Founding Partner at a tech services company with 1-10 employees
Oct 21, 2020
Lacking more out of the box integrations.
reviewer1446351 - PeerSpot reviewer
Architecte entreprise at a energy/utilities company with 10,001+ employees
Nov 12, 2020
Better documentation and training would be helpful.