MetricStream vs Enablon

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Our analysts compared MetricStream vs Enablon based on data from our 400+ point analysis of Risk Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Enablon Software Tool

Product Basics

MetricStream leverages a purpose-built platform to help organizations manage enterprise risk, cybersecurity, compliance and audits across various industries. Its AI generates deep domain expertise and actionable insights by analyzing embedded content and integrated data. Machine learning ensures its adaptability and scalability to future obligations. Its advanced reporting and analytics modules analyze business and market trends to generate practical, topical and real-time intelligence for agile business decisions and better stakeholder engagement.

It centralizes all data under one environment in a federated data model to remove information silos and enable data correlation and visualization. Users can create new APIs or integrate third-party ones through its intuitive dashboard. Provides predictive models for more intelligent threat detection. It automates incident evidence collection, document generation and corporate hierarchy mapping for streamlined task ownership and accountability.
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The Enablon platform helps organizations manage critical operational risk and compliance, security, engineering operations, environmental health safety, quality and sustainability. Users can track global and local regulatory requirements, internal policies and procedures, and manage any audits or claims with reporting and analytics. It standardizes enterprise risk detection and response methodologies with a consistent and automated assessment of KRIs and KPIs. Its interactive dashboard eliminates information silos and allows users to keep track of risks, audits and regulatory compliance under one roof.

Provides secure centralization of all document workflow processes with internal controls to track changes, increase data visualizations and limit user access across various levels. Its multi-device interface allows users to manage threats and audits globally. Automated notifications keep organizations informed of upcoming regulatory, compliance and licensing issues. Compliant with the ISO 31000 Risk Management guidelines.
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$75,000 Annually, Quote-based
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Tailored to your specific needs
$50,000 Annually, Quote-based
Get a free price quote
Tailored to your specific needs
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Product Assistance

Documentation
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Live Online
Videos
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Documentation
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Videos
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Email
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Knowledge Base
24/7 Live Support
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Product Insights

  • Minimize Losses From Risk Incidents: Improve the accuracy of risk detection measures and accelerate growth using real-time risk intelligence. 
  • Improve Brand Reputation: Eliminate the risk of non-compliance with round-the-clock tracking of regulatory requirements, compliance risks, controls assessments and mandates. 
  • 360-Degree Security: Cover all blind spots, especially third-party vendors and suppliers, with continuous performance monitoring, risk reports and lifecycle management. 
  • Automated Control QA: Be the first to identify failing controls with autonomous and automated control testing, reporting and alerts. 
  • Self-service Reporting: Create custom reports with access to cross-product Insights and the declarative data authorization framework. 
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  • Increased Efficiency: Enhance operational excellence by monitoring machine data from connected assets in real time. 
  • Predict Risks: Use machine learning and AI to identify potential threats and risk incidents. Access geo-localized real-time alerts and corrective action plans for recorded risks. 
  • Maintain Operational Integrity: Automatically identify and track applicable regulatory requirements across all locations, departments and business units. 
  • Improved Collaboration: Streamline collaborative efforts across multiple departments by centrally storing all risk information, reviews and controls. 
  • Mobile Access: Provide self-service channels to the workforce for faster and simpler reporting of incidents, near misses, inspections, hazard observations and audits. 
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  • Centralized Risk Repository: Navigate enterprise risk with pre-defined relationships across incidents, assets, processes, regulations and more. Securely store all risk information in a centralized federated data framework and intelligent content libraries. Create and standardize an integrated risk taxonomy.  
  • AppStudio: Create, extend and configure various applications and products to ensure flexibility and scalability of business processes. 
  • APIs: Design new APIs in compliance with OpenAPI. Integrate with third-party applications via intuitive Business APIs. 
  • Artificial Intelligence: Leverage predictive analytics and semantic search functionalities to anticipate future risks. 
  • Continuous Control Monitoring: Automatically collect evidence in the event of vulnerabilities and workplace incidents. Set up controls to cover against manual assessments with a limited sample size. 
  • Reporting and Analytics: Use the intelligent dashboard to run reports via preconfigured extensions or existing BI tools. Leverage in-depth insights and data visualizations to get a 360-degree view of risk. Define risk parameters and attach cautionary values to risks. 
  • Hierarchy Mapping: Chalk out a map of the corporate ladder, geographies and business units. Provide risk owners with complete visibility over risk and compliance postures, risk preparedness and resilience. 
  • Risk and Control Assessments: Run regular risk and control assessments according to preset schedules. Test the efficacy of risk control measures. Evaluate, aggregate and score inherent and residual risks. 
  • Business Impact Analysis: Analyze the potential impact of disruptions on various business processes via BIA surveys. Utilize Map Recovery Time Objective and Recovery Point Objective to assign a criticality score to essential operations. 
  • Risk Monitoring: Track KRIs, KPIs and control indicators for potential threats. Set up alerts based on risk thresholds. 
  • Operational Loss Event Management: Manage risk incidents and losses across multiple organizations in compliance with regulations such as the Basel Accords. 
  • Disaster Management: Turn early disaster data into actionable intelligence. Proactively monitor third-party suppliers and critical business processes for warning signs. Improve the organization’s situational awareness and resilience. 
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  • Risk Management: Proactively identify, assess and eliminate risks across all business processes. Streamline operations and anticipate potential disruptions to stay ahead of the curve. 
    • Consistent Protection: Establish standard risk assessment and evaluation procedures. Implement standard risk form templates for risk registers across all systems. 
    • Risk Assessment: Perform top-down and bottom-up risk identification procedures. Implement bow-tie analysis to get contextual risk information and risk definitions. 
    • Key Risk Indicators (KRI): Establish KRIs and tie them with associated risks in the risk register. Monitor key performance indicators and set up risk thresholds. 
    • Compliance: Comply with risk management frameworks and regulations, including ISO 31000 and COSO. 
    • Risk Tracking: Automatically track the status of operational risks. Risk owners can take periodic screenshots of active threats to trace their progression. 
    • Workflows: Perform risk assessments with custom workflows. Risk owners can define role-based validation requirements. 
  • Incident Management: Track every step of the incident lifecycle with integrated reporting, investigation and remediation modules. Integrate with the TapRooT system to get AI-enabled insights on incident investigations, root causes and potential impact on business processes. Report incidents on the go with the mobile-ready Enablon Go Safety application. Confirm compliance with environment, health and safety regulations such as ISO 45001, OSHA, EPA, RIDDOR, WCB and more. 
  • Control and Assurance: Leverage standardized policies, procedures, workflows and robust internal controls to guarantee the efficacy, sustainability and quality of administrative operations. Allow control owners and auditors to test internal controls before deployment via simulations. Use the dashboard to centralize information, set up notifications and track control status. 
  • Insurance and Claims Management: Centrally manage policies, claims and control costs to maximize cost-saving opportunities. Connect insurance coverages and costs to insured assets and risks. Run reports on key performance indicators (KPIs) and TCOIR (Total Cost of Insurable Risk) to anticipate insurance budget and effectiveness. Eliminate data duplication and redundancies. 
  • Business Continuity: Create a recovery plan optimized for business continuity. Maintain a detailed inventory of critical assets and essential processes. Test crisis scenarios via simulations and adapt them to local circumstances. Automate workflows, task assignments and documentation during a crisis. Simplify communication with a single channel for crisis scenarios. 
  • Governance and Compliance Management: Integrate the organization’s objectives with compliance requirements. Minimize business disruptions, predict risk events and guarantee corporate reputation with best practice governance frameworks. 
    • Audit Management: Establish a company-wide audit language with pre-configured, out-of-the-box templates. Access complete audit history to streamline control recommendation and implementation. Auto-populated templates function even when offline. 
    • Compliance Management: Centralize all information regarding permits, company policies, certificates and regulations for a streamlined compliance management experience. Get a holistic view of compliance posture with reporting dashboards, standardized templates, notifications, heat maps and progress reports. 
    • Inspection: Simplify the inspection process with automated workflows, standardized documentation and risk identification processes, Leverage purpose-built desktop and mobile applications to increase inspector productivity. 
    • Document Management: Centrally store the organization’s risk-related documentation. Manage the document life cycle with automated processes, including creation, edit, review, approval and archiving. Track document history and ensure compliance with ISO standards. 
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Product Ranking

#49

among all
Risk Management Software

#51

among all
Risk Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

MetricStream
Enablon
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Audit Management Business Continuity Management Compliance Incident Management Operational Risk Management And IT Security Platform Capabilities Policy Management Regulatory Management Reports And Dashboards Risk Management Vendor Risk Management 89 99 100 89 100 100 98 100 83 100 95 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 37 reviews
Great User Sentiment 22 reviews
80%
of users recommend this product

MetricStream has a 'great' User Satisfaction Rating of 80% when considering 37 user reviews from 1 recognized software review sites.

81%
of users recommend this product

Enablon has a 'great' User Satisfaction Rating of 81% when considering 22 user reviews from 4 recognized software review sites.

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4.2 (6)
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4.0 (10)
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5.0 (1)
4.0 (37)
3.8 (5)

Awards

SelectHub research analysts have evaluated MetricStream and concluded it earns best-in-class honors for Business Continuity Management, Compliance, Operational Risk Management and IT Security, Platform Capabilities and Regulatory Management.

Business Continuity Management Award
Compliance Award
Operational Risk Management and IT Security Award
Platform Capabilities Award
Regulatory Management Award

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Synopsis of User Ratings and Reviews

Centralized Platform: MetricStream provides a single platform for managing various GRC activities, including risk management, compliance, audit, and policy management. This can help organizations to streamline their processes and improve efficiency.
Flexibility and Customization: The platform is highly configurable, allowing organizations to tailor it to their specific needs and requirements. This includes the ability to create custom workflows, reports, and dashboards.
Scalability: MetricStream is a scalable solution that can grow with an organization's needs. This makes it a suitable choice for both small and large organizations.
Reporting and Analytics: The platform provides robust reporting and analytics capabilities, allowing organizations to gain insights into their GRC activities and make data-driven decisions. This includes the ability to generate custom reports, dashboards, and heat maps.
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Tailored Solutions: Enablon can be customized to align with your company's specific risk management requirements.
Ease of Use: Many users praise Enablon's intuitive interface, making it straightforward to navigate and utilize.
Seamless Integration: Enablon is designed to integrate with your existing systems, including legacy software, for a unified approach.
Enhanced Efficiency: By transitioning from manual, paper-based processes, Enablon can save your business time and resources.
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Steep Learning Curve: MetricStream's interface can be overwhelming for new users due to its complexity and extensive features, often requiring significant training and onboarding time.
Customization Challenges: While MetricStream offers customization options, implementing them can be technically demanding and may necessitate specialized IT skills or external consultants, potentially leading to increased costs and implementation timelines.
Reporting Limitations: Generating specific or ad-hoc reports can be cumbersome, as the platform's reporting capabilities may not always align with the unique needs of every organization, requiring additional effort to extract and manipulate data.
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Reporting Features: While Enablon is generally well-regarded, some users have indicated that its reporting features could be improved for better usability and functionality.
System Integration: Integrating Enablon with existing systems can pose challenges for some companies, especially those utilizing numerous applications and software platforms.
Internet Dependency: As a cloud-based solution, Enablon's functionality is contingent on a stable internet connection and the reliability of its servers and technologies, which could be a drawback for companies with unreliable internet access.
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MetricStream has emerged as a popular choice for organizations seeking a comprehensive solution. User reviews from the past year highlight its strengths in ease of use, flexibility, and scalability, making it a valuable tool for managing various risks, including compliance, governance, and operational risks. The platform's intuitive interface and customizable features allow users to tailor it to their specific needs, while its ability to handle large amounts of data ensures it can grow alongside the organization. However, some users have pointed out that MetricStream's implementation process can be complex, requiring careful planning and potentially additional resources. Additionally, there have been reports of slow support response times, which can be frustrating for users facing urgent issues. Despite these drawbacks, MetricStream remains a strong contender in the GRC software market, particularly for organizations with complex risk management needs and the capacity to invest in proper implementation and ongoing support. Its ability to centralize risk data, automate workflows, and provide real-time insights empowers businesses to make informed decisions and proactively mitigate potential threats. For organizations seeking a robust and adaptable GRC solution, MetricStream offers a compelling option, but careful consideration of its implementation and support aspects is crucial for a successful experience.

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How do users describe Enablon, and is it truly enabling businesses to effectively manage risk? User reviews from the last year reveal a mixed bag. Enablon shines in its comprehensive features, particularly for large enterprises grappling with compliance, incident management, and risk assessment. Users rave about its ability to streamline workflows, seamlessly transitioning from archaic paper-based systems to efficient electronic ones, and effortlessly integrating legacy applications. The intuitive and user-friendly interface garners praise, enhancing the overall user experience. For instance, one user lauded Enablon's intuitive design, highlighting its ease of use for setting reminders about expiring permits. This feature proves particularly valuable in heavily regulated industries where permit renewals are critical for maintaining operations. However, Enablon's reporting features have room for improvement, with users expressing a desire for more advanced functionalities. Despite this drawback, the platform's robustness, flexibility, and ability to handle complex risk management tasks effectively are highly commended. A case in point is Boeing's Transport Compliance team, which experienced a smoother workflow after integrating their legacy applications into Enablon. This seamless transition underscores Enablon's capacity to adapt to existing systems, a crucial factor for large organizations with established IT infrastructures. In conclusion, Enablon emerges as a solid choice for organizations, particularly large enterprises, seeking to bolster their risk management and compliance processes. Its strengths lie in its comprehensive features, user-friendly interface, and ability to streamline complex workflows. However, potential users should be mindful of its limitations in reporting capabilities. Overall, Enablon proves to be a valuable tool for organizations ready to level up their risk management game, even with areas for improvement.

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