Active Risk Manager and Workiva Wdesk are competing products in the risk and compliance management category. Active Risk Manager has an edge in pricing and support satisfaction, while Workiva Wdesk is often seen as superior due to its extensive features and data integration capabilities.
Features: Active Risk Manager offers robust risk assessment and mitigation tools, focusing on integrating risk data across enterprise operations. It provides a comprehensive suite of tools aimed at identifying and reducing risks. Workiva Wdesk provides extensive reporting, audit, and compliance management capabilities that streamline complex data workflows, offering a thorough integration of financial and compliance data to meet broad organizational needs.
Ease of Deployment and Customer Service: Workiva Wdesk offers a cloud-based deployment that enhances accessibility and reduces infrastructure demands, combined with comprehensive support and training resources. Active Risk Manager may involve a more complex setup process with traditionally structured support, making Workiva Wdesk generally more flexible and accessible.
Pricing and ROI: Active Risk Manager tends to have more attractive initial pricing with a quicker visible ROI due to its focused risk management tools. Workiva Wdesk, while requiring a higher initial investment, offers significant ROI through its extensive feature set and seamless data integration, making it appealing for organizations seeking expanded compliance capabilities.
| Product | Market Share (%) |
|---|---|
| Workiva Wdesk | 5.7% |
| Active Risk Manager | 0.6% |
| Other | 93.7% |
| Company Size | Count |
|---|---|
| Small Business | 1 |
| Midsize Enterprise | 1 |
| Large Enterprise | 5 |
Active Risk Manager offers comprehensive risk management solutions tailored to knowledgeable professionals. It provides a structured platform to identify, assess, manage, and report risks effectively, enhancing decision-making and operational resilience.
Active Risk Manager addresses diverse business challenges with its robust features, supporting businesses in mitigating potential risks and maximizing opportunities. Known for its adaptability, it integrates seamlessly into business processes, helping organizations navigate complex risk landscapes. With its focus on proactive risk management, Active Risk Manager ensures that companies can anticipate and adapt to changing risks, thereby safeguarding their strategic objectives and daily operations.
What are the most important features of Active Risk Manager?Active Risk Manager is applied across industries like finance, healthcare, and manufacturing, where it supports compliance and risk mitigation efforts. In finance, it helps manage strategic and operational risks, while healthcare uses it to address patient safety and data protection concerns. Manufacturing relies on it to ensure safety and supply chain resilience.
Wdesk is used across the enterprise to support hundreds of data collaboration, reporting, and compliance processes. Use Wdesk to:
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