Workiva vs Resilinc

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Our analysts compared Workiva vs Resilinc 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

Workiva is a cloud-based reporting platform that globally connects an organization’s workforce with its data sets and data sources. It combines all user data under a single digital roof to remove any errors and ensure complete transparency. Provides automatic and secure scheduling of repetitive tasks and recycles redundant data and reports into functional assets. It allows users to visualize data relating to ERP, consolidation, compliance, security, budgeting and more by connecting everything under one secure reporting module.

A live-updating dashboard with a code-free interface allows for easy analysis and data reporting. It auto-updates linked cross-organizational data for a seamless reporting experience.
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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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Mobile
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Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
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Videos
Webinars
Email
Phone
Chat
FAQ
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Knowledge Base
24/7 Live Support
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24/7 Live Support

Product Insights

  • Centralized Data Storage: Store all internal control tests and documents in one centrally accessible database.  
  • Automated Reports: Save a ton of time and resources with built-in automation for regulatory and financial reporting processes. 
  • Intuitive Accounting Interface: Employees can adjust faster to the accounting module due to the platform’s visual and functional similarity with Word and Excel. 
  • Fast Data Access: Quickly access all necessary data and reports from anywhere within the U.S. Instantaneously update all changes throughout the server and eliminate inconsistencies in datasets. 
  • Easy Data Sync: Automatically update data across multiple documents in real time by linking to each other. Save time spent on manual edits and deduplication. 
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  • 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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  • Enterprise Risk: Get a 360-degree picture of risk with dedicated assessment and remediation capabilities. Generate reports and perform internal audits to make informed business decisions. 
    • Risk Assessment: Track and assess risks in real time. Prepare risk assessment spreadsheets and act on critical risk information first. 
    • Aggregation and Analysis: Correlate and analyze multiple data sources to find the complete context behind risk information. Categorize risks by datasets like historic risk ratings, risk owners, pillars and more. 
    • Risk Prioritization: Prioritize critical risk throughout the environment with key risk indicator (KRI) information. 
    • Risk Reporting: Create up-to-date risk reports with data visualization options. Combine information from KRIs and risk owners with heat maps, graphs and scatter and bubble charts to prepare reports on enterprise risk. 
  • Internal Audit Management: Streamline the auditing process with custom templates and automated evidence gathering, certification, reporting and planning tools. Access relevant data, manage audits and follow up on tasks. 
    • Audit Analytics: Automatically populate audit reports in a no-code environment to highlight any exceptions. 
    • Templates: Process audits faster with over 3,000 purpose-built AuditNet templates. 
    • Audit Reporting: Increase stakeholder and audit committee engagement with personalized audit reports. Tailor reports accordingly by elaborating on specific details. 
    • Follow Up: Automatically drill down into complicated reports to elaborate on observations and recommended courses of action. 
  • Policy and Procedure Management: Manage policies and procedures across the entire organization. Maintain an up-to-date inventory of auditable policies and procedures. 
    • Policy Indexes: Correlate policies with regulations, controls, processes and risks to create an interconnected and centralized master index. Standardize policies with templates and automatically update changes. 
    • Review Permissions: Review and edit documents directly from the platform. Streamline the review process with automated assessments and audits. 
    • Document History: Track all edits to policy documents with full version history. Send documents for bulk approval and leave comments and reviews within the content. 
    • Attestation Tracking: Track policy status, link current document versions and schedule deadlines. Sign and approve policies from any device and export records for auditing purposes. 
  • Internal Controls: Improve the visibility and security of risk information with internal controls. Allow risk and control owners to make updates with full transparency. 
    • Documentation: Implement role-based permissions to control access to information. Review, edit and update files in their native formats with the Microsoft Office 365 integration. Instantly visualize updates by linking data fields to narratives and flowcharts. 
    • Testing: Perform random sampling tests with single or bulk tasks. Monitor test progress, attach samples and communicate results from the dashboard. Automatically corroborate evidence and track response. 
    • Reporting: Run convenient and tailored reports for data fields including issues tracking, COSO mapping, status reporting and more. Deliver accurate risk information to senior management, business partners and stakeholders. 
    • Certification: Leverage letter templates, customizable certificates and reminders to establish an efficient certification process. Sign and approve certificates from any device with an internet connection. 
  • FERC Reporting: Meet the Federal Energy Regulatory Commission’s (FERC) standards with accurate and prompt XBRL tagging. Work on connected datasets in real time to eliminate errors. Supported forms include electric (Form No. 1, 1-F, 3-Q, 714), gas (Form No. 2, 2A, 3Q), oil (Form No. 6, 6-Q) and service companies (Form No. 60). 
  • SEC Reporting: Streamline the preparation and filing of proxy statements, tax disclosures, 10-Qs, 10-Ks, 8-Ks, 20-Fs, Section 16 and more. Comply with European regulations like Solvency II, CIPC, IFRS and more. Link datasets to narratives and consolidate both structured and unstructured information with EDGAR and XBRL services. 
  • Capital Market Transactions: Implement a greater degree of control over debt, equity, IPO and M&A deals. Prepare documentation for capital market transactions, mergers, acquisitions, debt-offerings and take-private deals with preconfigured workflows. 
    • Speed and Accuracy: Link numbers and texts across multiple files to process transactional documentation faster. Streamline the evaluation process by automatically creating review, sign-off and commentary tasks within documents and reports. 
    • Risk Reduction: Eliminate inconsistent numbers, version inaccuracy and certification errors with a single consolidated data source. Maintain accountability, security and transparency with complete version history and permission-based access. 

  • Limitations

    At the time of this review, these are the limitations according to user feedback:

    •  Users located outside the US can experience latency issues in the SOX module. 
    •  The NextGen platform has a few incomplete features and bugs. 
    •  Involves a steep learning curve. 
    •  High subscription charges. 

    Suite Support

    Visit the vendor’s support center to learn more about using the platform; online resources include patch notes, beginner’s guides, articles, hot topics and transition assets. The community forum hosts discussions, events, webinars and feedback.

    mail_outlineEmail: [email protected].
    phonePhone: (800) 706-6526. Additional phone numbers for customers in other regions are available on the vendor’s website.
    schoolTraining: Log in to the vendor’s website to access the Learning Hub. Online training is available in the form of guided courses, videos, newsletters and simulations.
    local_offerTickets: Visit the vendor’s website to submit a support ticket.
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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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Product Ranking

#9

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Risk Management Software

#40

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Risk Management Software

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User Sentiment Summary

Excellent User Sentiment 587 reviews
Great User Sentiment 1 reviews
92%
of users recommend this product

Workiva has a 'excellent' User Satisfaction Rating of 92% when considering 587 user reviews from 3 recognized software review sites.

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.

4.6 (58)
n/a
4.6 (36)
4.0 (1)
4.6 (493)
n/a

Awards

Workiva stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

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Synopsis of User Ratings and Reviews

Functionality: 69% of users who reviewed this aspect were satisfied with the platform’s functionalities, including internal controls and issue Testing, SOX narratives, auditing, and policy management.
Ease of Use: According to 61% of users mentioning this element, the platform’s intuitive UI makes it easy to use.
Sharing and Collaboration: All the users who mentioned this element said the platform made it easier to share documents and collaborate on projects.
Service and Support: 83% of users reviewing customer support said it’s highly responsive and knowledgeable.
Automation: 100% of reviewers mentioning automation found it helpful to learn and apply new formats and automate financial and regulatory processes.
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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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Speed and Performance: 100% of users mentioning performance said they experienced bugs, glitches and slow upload and export speed on the NextGen platform.
Cost: All the users who reviewed this aspect found the system’s subscription charges higher than its competitors.
Training Resources: 60% of users mentioning this element said the platform requires more training material to compensate for its steep learning curve.
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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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Workiva is a cloud-based comprehensive reporting platform that provides unrestricted global access to FERC and SEC reporting modules, internal controls, and audit and policy management tools for complete in-house risk management. The platform can be difficult to learn initially, but a responsive support team makes it easier to understand the functionalities. In addition, automated reporting processes add a lot of value to the platform. However, the NextGen platform has a few performance issues. Updates can cause temporary glitches and bugs, resulting in unforced errors in datasets. All in all, Workiva is a safe bet for vulnerability management software. In spite of high subscription costs, it’s an excellent candidate if you can fit it into your budget.

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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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