Risk Management Software

Only downside is the learning curve our end users have to do to learn how to use the system and upload evidence. They do have great training videos that we share with Team members but most want to be shown directly. Review collected by and hosted on G2.com.

It's making it easy for us to be able to track and gather evidence for our audits and made to the different standards that we have to comply with. Review collected by and hosted on G2.com.

In my experience, Workiva has been a highly effective tool for managing complex financial reporting. It improved accuracy and efficiency, especially with its ability to link data across documents and support real-time collaboration. These features helped reduce errors and made cross-team work much smoother.

One drawback, however, is the initial learning curve — it takes time to become fully comfortable with the platform’s interface and functionality. But once past that, it becomes a powerful and reliable tool for reporting. Review collected by and hosted on G2.com.

Workiva solves several key problems in financial reporting:

Manual errors and version control issues: By allowing linked data across reports and real-time collaboration, Workiva reduces the risk of inconsistencies and mistakes that come from working in disconnected spreadsheets or documents.

Lack of transparency and audit trail: Workiva provides a clear audit trail of changes, which enhances accountability and makes reviews and audits much smoother. Review collected by and hosted on G2.com.

The learning curve and more advanced building processes can be tough to wrap your head around at first. Setting up your own template and making mistakes will help you learn sooner as you work with your Implementation manager and the customer support team. Review collected by and hosted on G2.com.

Work hard in your implementation to set up some of your own templates so you know how the software works. Review collected by and hosted on G2.com.

We had a very slow and painful close process as well as issues with memory space on previous software solutions. We've now cut our monthly close process on the FP&A side down from 2 weeks to 2 days. Review collected by and hosted on G2.com.

The biggest downside to LiveFlow is the price. It's not the cheapest option out there, and while I feel the software is worth it if you are charging appropriate fees to your clients for your services, what I don't like is how there are added fees for new features. Want to be able to use dashboard feature? You get one free then have to pay. Want to be able to do consolidates? Thats extra. Review collected by and hosted on G2.com.

LiveFlow allows me to be able to pull data out of QuickBooks Online and turn it into a useable dashboard or spreadsheet that is easy for the client's the read. It can update automatically in the background, so if you provide your clients access to the dashboard/sheet, they can have real-time data at their fingertips provided the QBO file is updated. Review collected by and hosted on G2.com.

Thus far, we have not experienced any significant problems using Scrut Automation. Our expectations about compliance support have been met by the platform, which has offered a seamless and effective experience. Review collected by and hosted on G2.com.

Scrut Automation is helping to streamline our compliance journey with frameworks like GDPR and ISO. It provides a single platform for managing all facets of compliance, such as policies, evidence collection, cloud security assessments, and team-wide policy distribution. Additionally, it provides ready-to-use policy templates and streamlines vulnerability assessments (VAPT). This unification has improved the efficiency, effectiveness, and organisation of our compliance process. Review collected by and hosted on G2.com.

There are a few minor cosmetic suggestions I've made to the DT team. Our feedback tends to be well received and updates are made within the tool quickly. Review collected by and hosted on G2.com.

Reviewing actuals

Actuals reporting

Deparment level forecasting and reporting

Forecasting and budgeting

Headcount planning Review collected by and hosted on G2.com.

It is a not a drag-and-drop tool for do it yourself dashboarding. But it is also not intended to be this. The target of Apliqo is rolling out applications to a group of end users that can get going without the need for extensive trainings. Review collected by and hosted on G2.com.

We mainly use Apliqo (both UX and FPM) for internal reporting. We use it for our day-to-day timesheets, our (financial) month end close, dashboarding and reporting.

The operational model is tracking our projects on a day-to-day basis, provinding an overview of budgets-to-date, time spent (hours/days), expenses tracking. Our users are entering information on a daily basis.

For the financial closing we are currently utilising the P&L/Balance sheet reporting layer across our region, based on input from various countries, coming from different data sources (accounting systems).

Everything gets harmonized through a common mapping to a uniform group layer. Review collected by and hosted on G2.com.

The PowerPoint add-in feature is a little obsolete and unnecessary with the launch of the new UX. Review collected by and hosted on G2.com.

Anaplan helps with different types of planning. I have been involved in Financial Planning and Analysis for four years now. I am assisting clients in moving from Excel sheets to Anaplan planning UX. Anaplan can have scheduled data integrations from external data sources such as Informatica Cloud, SnapLogic, Mulesoft, Dell Boomi, Docusign, Workiva, and Tableau. It has dynamic time scale implementation.

Master Data structure – works on having one data hub with a single source of truth, build once and push multiple times approach.Pushing hierarchical changes across multiple worksheets is tough and error-prone

Easy for business users to adapt and easy to maintain. Anaplan has checks and balances in place to flag errors and correct inputs. Review collected by and hosted on G2.com.

There is definitely a learning curve with regards to creating formulas and linking the elements of a financial model. The syntax of the formulas is different from Excel/GSheet, but the support site has lots of examples so one can get pretty far on their own. Review collected by and hosted on G2.com.

Creating new forecasting scenarios (and having those scenarios be populated with actuals over time) is now much easier than combining those in Excel. Review collected by and hosted on G2.com.

The platform can feel a bit rigid at times, some workflows are optimized for common SaaS setups. Customizing controls or evidence paths required a bit more back-and-forth than we’d like. That said, their team was always willing to step in and help when the automation didn’t fit our setup. Review collected by and hosted on G2.com.

Sprinto eliminates the overhead of managing compliance manually. We didn’t need to hire a fractional CISO or dedicate internal resources full-time to SOC2 and HIPAA. The platform tracks controls, evidence, and audit readiness in one place, which reduced context switching and helped us stay organized. It also gave us confidence that nothing would fall through the cracks, especially important when you’re moving fast and building a company. Review collected by and hosted on G2.com.

There’s a slight learning curve due to how powerful and flexible the platform is, especially when building complex models. That said, their support and onboarding teams are highly responsive and helpful in accelerating ramp-up time Review collected by and hosted on G2.com.

Abacum has solved our biggest FP&A challenges - from disconnected data and manual processes to limited visibility and inefficient planning cycles. Before Abacum, building forecasts, preparing board materials, or running budget vs. actuals required hours of spreadsheet work and data stitching across systems. Now, all of that is automated, accurate, and available in real-time.

The platform integrates with all our core systems, centralizing our financial data and enabling consistent, granular reporting across the business. This has dramatically increased our team’s efficiency — we’ve been able to keep our finance function lean without compromising on depth or rigor. Abacum gives us the ability to run high-frequency, high-impact planning cycles and to hold the business accountable with precision. The result is faster decision-making, better alignment, and a more agile organization. Review collected by and hosted on G2.com.

Memory management and server resource consumption can be a challenge, especially in environments with large volumes of data. Additionally, the startup process of the SDATA service is not very transparent — the logs do not clearly indicate when there is reprocessing of feeders or how long the service will take to be fully available again. Review collected by and hosted on G2.com.

IBM Planning Analytics addresses the challenge of consolidating data from multiple areas into a single, integrated environment, allowing for fast, secure, and standardized analyses. This significantly reduces the time spent on manual spreadsheets and increases the reliability of the information used in performance management. Additionally, the ability to simulate scenarios and make projections quickly supports the company's strategic decision-making. Review collected by and hosted on G2.com.

When it comes to dashboards, there are some limitations in building it. We are still using some Excel built-in charts and our custom made dashboards, but hopefully we are trying to switch completly to Datarails. Review collected by and hosted on G2.com.

Faster update of mothly financials, great reconciliation software to confirm our consolidation. Great control over budgeting and access to certain stakeholder groups. A lot of help in producing monthly reports to various stakeholders (PE - owner, banks, GMs of local stores, heads of departments, BoD etc.) Review collected by and hosted on G2.com.

What do you dislike about Planful?

Currently, Planful is not connected to our ERP system, which means we still need to manually upload a significant amount of data. This adds extra steps to our workflow and limits the potential for real-time updates. We’re hopeful that moving forward, we can establish a direct integration with our ERP system to streamline the process and fully leverage Planful’s automation capabilities. Review collected by and hosted on G2.com.

Planful has significantly improved both our annual budgeting process and our monthly reporting cycle. Previously, we relied heavily on Excel, manually consolidating multiple tabs from various departments—a process that was time-consuming and prone to errors. With Planful, everything is centralized and streamlined.

One of the biggest benefits is the ability to easily pull prior year (PY) actuals and forecasts directly within the platform. Since our actuals are already integrated into the reporting side, we no longer have to dig through spreadsheets or worry about version control. This makes variance analysis, trend tracking, and forecasting much more efficient and accurate. Overall, Planful has helped us move toward a more collaborative, reliable, and time-saving planning process. Review collected by and hosted on G2.com.

When migrating to the cloud platform, a few functions were no longer available in the cloud that existed in the on-premises environment. While they are working on building some back, there are a few that have not been rebuilt. Review collected by and hosted on G2.com.

Solver has helped us to make meaningful use of our data, allowing us to make more timely and accurate business decisions. Review collected by and hosted on G2.com.

Honestly, AchieveIt has been great. It is exactly as advertised and has been a game changer for our university. There is nothing that I dislike about AchieveIt. Review collected by and hosted on G2.com.

We have implemented OKRs in conjuction with AchieveIt. This system is helping to provide transparency about the goals of each of our units. As an administrator, it will help us report to the Board and also create a shared understanding of baselines, benchmarks, and where we are going. This has always been opaque in our org. Review collected by and hosted on G2.com.

I don't really dislike anything because we have the ability to mold it to our needs. Eventually, would love to see some pieces of model building have web app optionality, but haven't had any issues with this being in excel with the included plugins. Review collected by and hosted on G2.com.

Aleph is our source of truth for unifying various data sources to meet our reporting and planning needs. Review collected by and hosted on G2.com.

There is nothing to dislike, when an issue arises the support team is quick to resolve any potential fix! Review collected by and hosted on G2.com.

Clockwork has been instrumental in helping our company forecast key financial metrics—what we’re spending, what our revenue is, and our daily cash position. This level of clarity allows us to make smarter, more informed business decisions.

Their platform not only supports financial visibility but also clearly reflects our company’s success and growth over time. The insights we gain from Clockwork directly contribute to our ability to plan strategically and stay ahead.

Pair that with an exceptional onboarding experience led by Fady and the team, and you’ve got a solution that delivers real value from day one. Highly recommended! Review collected by and hosted on G2.com.

One area where Essential ERM could improve is in the availability of dashboards for action plans. While the system does allow for monitoring of action plans, there currently isn’t a dedicated dashboard specifically for this purpose. Having a separate, easily accessible dashboard focused solely on tracking and visualizing the progress of action plans would enhance the user experience and make it easier to stay on top of mitigation efforts. Review collected by and hosted on G2.com.

Essential ERM is helping us solve following challenges. First and foremost, we wanted to systemize and optimize our risk management process, and this tool has made that possible by providing a structured approach and clear visibility over all risks and related actions.

Additionally, Essential ERM is helping to increasing our organization’s risk management culture and overall involvement. Review collected by and hosted on G2.com.

While Hyperproof offers strong functionality, the user experience can sometimes feel a bit unintuitive, especially for first-time or non-technical users. Some features like Hypersyncs require a bit of trial and error to understand fully, and clearer in-app guidance or tooltips would be helpful. That said, the support team is very responsive and open to feedback, which is great. Review collected by and hosted on G2.com.

Hyperproof is helping us move away from siloed, manual tracking of compliance activities across spreadsheets, documents, and shared drives. It brings everything into one centralized platform—controls, risks, audits, and third-party assessments—which significantly improves visibility and coordination. It’s also helping us align with multiple frameworks (like ISO 27001, ISO 27701, SOC 2) without duplicating effort, thanks to control mapping. One of the biggest benefits has been the ability to assign and track ownership across teams, which supports a more decentralized approach to our overall security program. Review collected by and hosted on G2.com.