Resilinc vs MetricStream

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Our analysts compared Resilinc vs MetricStream 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.

Resilinc Software Tool

Product Basics

Resilinc offers a sophisticated software solution designed to manage Supplier and Supply Chain Risk Management. This platform is particularly well-suited for large enterprises and organizations with complex supply chains, as it provides comprehensive tools for monitoring and mitigating risks associated with suppliers and logistics. The software excels in offering real-time visibility into supply chain disruptions, enabling proactive risk management and strategic decision-making.

Key benefits include enhanced supply chain resilience, improved supplier collaboration, and reduced operational risks. Popular features encompass risk assessment, event monitoring, and supplier scorecards, which collectively help businesses maintain continuity and efficiency. Users often appreciate the platform's intuitive interface and robust analytics capabilities, which set it apart from similar products in the market.

Pricing details for Resilinc's software are not readily available and can vary based on specific business needs and scale. Interested users are encouraged to contact SelectHub for a tailored pricing quote.

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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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$1,400 Monthly
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Tailored to your specific needs
$75,000 Annually, Quote-based
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Tailored to your specific needs
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Product Insights

  • Enhanced Visibility: Gain comprehensive insights into your entire supply chain, allowing for proactive risk management and informed decision-making.
  • Risk Mitigation: Identify and address potential disruptions before they impact your operations, reducing downtime and maintaining business continuity.
  • Supplier Performance Tracking: Monitor and evaluate supplier performance to ensure compliance with quality and delivery standards, fostering stronger partnerships.
  • Cost Savings: Reduce costs associated with supply chain disruptions by implementing preventive measures and optimizing supplier selection.
  • Regulatory Compliance: Stay compliant with industry regulations and standards, avoiding legal penalties and maintaining a good corporate reputation.
  • Data-Driven Decisions: Utilize real-time data and analytics to make informed decisions, improving overall supply chain efficiency and effectiveness.
  • Improved Collaboration: Facilitate better communication and collaboration with suppliers and stakeholders, enhancing coordination and reducing misunderstandings.
  • Resilience Building: Develop a more resilient supply chain capable of withstanding and quickly recovering from disruptions, ensuring long-term sustainability.
  • Strategic Planning: Leverage predictive analytics to anticipate future risks and opportunities, enabling more strategic and forward-thinking planning.
  • Enhanced Customer Satisfaction: Maintain consistent product availability and quality, leading to higher customer satisfaction and loyalty.
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  • 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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  • EventWatch AI: Monitors global events in real-time, providing alerts on potential disruptions such as natural disasters, geopolitical issues, and cyber-attacks.
  • Multi-Tier Mapping: Visualizes the entire supply chain network down to the sub-tier suppliers, offering a comprehensive view of potential vulnerabilities.
  • RiskShield: Assesses and quantifies risk exposure across the supply chain, enabling proactive risk mitigation strategies.
  • Supplier Risk Assessment: Evaluates suppliers based on various risk factors including financial stability, compliance, and operational performance.
  • Supply Chain Mapping: Provides detailed maps of supply chain nodes and links, helping to identify critical paths and potential bottlenecks.
  • Incident Management: Facilitates coordinated response plans for supply chain disruptions, ensuring swift recovery and continuity.
  • Predictive Analytics: Utilizes machine learning algorithms to forecast potential supply chain risks and disruptions before they occur.
  • Compliance Management: Tracks and ensures adherence to regulatory requirements and industry standards across the supply chain.
  • Supplier Collaboration: Enables seamless communication and collaboration with suppliers to address risks and improve overall supply chain resilience.
  • Customizable Dashboards: Offers user-friendly dashboards that can be tailored to display key metrics and insights relevant to specific business needs.
  • Data Integration: Integrates with existing ERP and supply chain management systems to provide a unified view of supply chain data.
  • Scenario Planning: Allows users to simulate various disruption scenarios and evaluate the impact on the supply chain, aiding in strategic decision-making.
  • Supplier Scorecards: Generates detailed scorecards for suppliers, highlighting their risk profile and performance metrics.
  • Supply Chain Resilience Index: Measures the overall resilience of the supply chain, providing a benchmark for continuous improvement.
  • Automated Risk Notifications: Sends automated alerts and notifications about emerging risks, ensuring timely awareness and action.
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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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Product Ranking

#40

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Risk Management Software

#49

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Analyst Rating Summary

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

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

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.

4.0 (1)
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Awards

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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

Synopsis of User Ratings and Reviews

Supply Chain Visualization: Resilinc provides a comprehensive map of an organization's supply chain, including sub-tier suppliers, down to the part and site level, allowing for a clear understanding of potential vulnerabilities.
Real-Time Disruption Monitoring: The platform constantly scans global news and social media in multiple languages to identify potential disruptions, such as factory fires or natural disasters, and sends alerts to users, enabling proactive risk mitigation.
Supplier Collaboration: Resilinc facilitates communication and collaboration between organizations and their suppliers through features like a centralized "war room" during disruptions, streamlining information sharing and response coordination.
Data-Driven Insights: Resilinc leverages AI and predictive analytics to provide insights into supplier risk, including financial health, ESG compliance, and business continuity preparedness, enabling organizations to make informed decisions about supplier selection and management.
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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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Reliance on Supplier Input: Resilinc heavily depends on suppliers proactively updating the platform with information. If suppliers don't consistently maintain accurate data, the platform's insights and risk assessments might become unreliable.
Potential for Information Overload: Resilinc monitors a vast amount of data and news feeds. While AI helps filter information, there's a risk of users being overwhelmed with alerts, potentially leading to alert fatigue and difficulty focusing on the most critical issues.
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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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How resilient are claims about Resilinc's efficacy in supply chain risk management? User reviews from the past year paint a largely positive picture of Resilinc's capabilities. Users consistently highlight Resilinc's AI-driven monitoring and sub-tier mapping as major strengths, praising the platform's ability to provide actionable notifications and a comprehensive supplier resiliency rating system (R Score™). For instance, one user lauded the platform's ability to provide detailed part-origin data, enabling them to identify and mitigate potential disruptions early on. This granular visibility, a differentiating factor for many, allows businesses to make informed decisions about supplier selection and inventory management. However, some users expressed that while the platform excels in risk identification, its mitigation recommendations could be more robust and actionable. Despite this, Resilinc's collaborative features, which streamline communication between stakeholders during disruptions, were well-received. Resilinc seems tailor-made for businesses operating in industries with complex supply chains, such as high-tech manufacturing or pharmaceuticals. Its detailed risk assessments and predictive analytics empower these businesses to proactively address vulnerabilities and ensure operational continuity.

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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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