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MEGA HOPEX pros and cons

3.9 out of 5
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Prominent pros & cons

PROS

MEGA HOPEX offers an integrated GRC platform that enhances coordination among Risk, Compliance, and Internal Audit functions.
It includes features like automatic updating and propagation of changes across the system, ensuring consistency and up-to-date information.
MEGA HOPEX is scalable and customizable, meeting the needs of growing businesses while allowing for specific tailoring to enterprise requirements.
The platform supports extensive integration capabilities, including APIs and connections with other platforms like ServiceNow and ManageEngine.
MEGA HOPEX provides a comprehensive view of enterprise artifacts in one repository, promoting better decision-making and strategic alignment.

CONS

Standardization is lacking; it would be more effective if MEGA HOPEX followed established Basel standards for risk management functions.
Scalability and integration with other tools like ITSM or CMDB need improvement.
The initial setup is complex and takes time to complete, indicating a need for streamlining the process.
Training materials and documentation lack clarity and effectiveness, making self-implementation challenging.
Cost is a major concern, as MEGA HOPEX is considered expensive by users without corresponding value enhancements.
 

MEGA HOPEX Pros review quotes

Navi Thejesh - PeerSpot reviewer
Feb 1, 2024
It is very interactive.
MG
May 2, 2024
The strength of MEGA HOPEX lies in its ability to customize the metamodel.
ITConsul616b - PeerSpot reviewer
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.
Learn what your peers think about MEGA HOPEX. Get advice and tips from experienced pros sharing their opinions. Updated: November 2024.
817,234 professionals have used our research since 2012.
reviewer2344665 - PeerSpot reviewer
Mar 18, 2024
Customer support is fantastic. They are very helpful whenever we get on the line with the support team.
reviewer763188 - PeerSpot reviewer
Jun 4, 2019
The most valuable feature for this solution is the automatic updating and propagation of changes across the system.
Carlos Arturo Quiroga Quiroga - PeerSpot reviewer
Jan 17, 2022
The support experience in Latin America is great.
Benoit Capy - PeerSpot reviewer
Feb 8, 2023
What's most valuable in MEGA HOPEX is that it follows the reference model where each component is defined. I also like the diagram consistency in MEGA HOPEX.
KA
Dec 3, 2021
What I find the most valuable is the process workflow. It is really good.
AI
Mar 1, 2024
The main feature I find crucial in MEGA HOPEX is the catalog view, which provides a comprehensive visualization of all artifacts in one repository. Another valuable aspect is the availability of out-of-the-box outcomes, such as strategy maps and BPA models, eliminating the need for additional configuration. MEGA HOPEX allows users to focus on specific business areas, like risk management or data governance, providing a high-level overview while enabling deep dives into specific areas of interest. For risk management, MEGA HOPEX allows users to assess impacts, create recovery plans, and track action plans.
reviewer1101405 - PeerSpot reviewer
Jan 18, 2020
I find the IT portfolio management very valuable and helpful.
 

MEGA HOPEX Cons review quotes

Navi Thejesh - PeerSpot reviewer
Feb 1, 2024
The initial setup is a little complex.
MG
May 2, 2024
The data layer might be the weakest point for MEGA HOPEX.
ITConsul616b - PeerSpot reviewer
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.
Learn what your peers think about MEGA HOPEX. Get advice and tips from experienced pros sharing their opinions. Updated: November 2024.
817,234 professionals have used our research since 2012.
reviewer2344665 - PeerSpot reviewer
Mar 18, 2024
The training materials and learning process need improvement.
reviewer763188 - PeerSpot reviewer
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.
Carlos Arturo Quiroga Quiroga - PeerSpot reviewer
Jan 17, 2022
The initial setup can be quite complex at first.
Benoit Capy - PeerSpot reviewer
Feb 8, 2023
An area for improvement in MEGA HOPEX is its vast learning curve. The tool is also heavy, so that's a pain point. MEGA HOPEX is also tricky to use if you don't train for many hours.
KA
Dec 3, 2021
MEGA HOPEX's problem is that it is expensive, but it's a fantastic tool.
AI
Mar 1, 2024
In my experience, I've encountered difficulties with consuming custom packages in MEGA HOPEX, which leads to redundant work when deploying them to production. This is an area where improvement is needed. While version six offers better UI and UX, resolving this issue should be a priority. I believe it's important to fully explore MEGA HOPEX's capabilities before suggesting new ones.
reviewer1101405 - PeerSpot reviewer
Jan 18, 2020
Scalability can be a problem sometimes.