MEGA HOPEX Pros and Cons

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.

The most valuable feature for this solution is the automatic updating and propagation of changes across the system.

MEGA offers a more integrated GRC platform to facilitate enhanced coordination between the functions of Risk, Compliance, and Internal Audit on a single platform solution - HOPEX.

The dashboard on the homepage makes for an enhanced view at a glance of the various work functions applicable to the user.

You do not need to be a professional of enterprise modeling to contribute to the enrichment and improvement of the enterprise repository.

It generates friendly websites and presents specific views of the enterprise (business, functional, applicative, technological, and infrastructure).

The most valuable feature of this solution is the reuse of common enterprise components and entities.

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.

We would like to see integration with other products, such as being able to use our workflow with SharePoint and Microsoft Office.

Standardization is lacking. The Operational Risk Function will be more effective if it at a default level follows established Basel standards for Loss categorization, Risk Assessments, Risk Event categorization, etc.

Needs a friendlier import/export to other modeling tools.

The tool usability is weak and it also has a high learning curve.