ERMS

Dear Supplier, Kindly see the items below that is required for and send me a pricing for the same and your quick response and your confirmation will be highly appreciated. ENTERPRISE RISK MANAGEMENT SOFTWARE Please Note: Each bidder will be expected to mark (Y or N) against the stated functional requirements indicating whether the proposed solution provides the requirement as follows; A - Available C - Customizable N - Not Available A. General Requirements Sr. No Specifications A C N 1 The proposed soultion must support enterprise-wide risk management, providing tools for categorization, classification, and monitoring of risks. 2 The solution should be configurable to align with the organization’s risk management framework, internal policies and applicable regulatory requirements. 3 The proposed solution should be scalable with the capability of integrating with existing ICT infrastructure and reporting tools. B. Detailed Requirements 1 Risk Identification Sr. No Specifications 1.1 Risk Catergorization 1.1.1 The proposed solution should support categorization of risks across multiple dimensions including but not limited to; • Strategic • Operational • Financial • Compliance • Reputational 1.2 Taxonomy and Classification Tools 1.2.1 The solution should provide a taxonomy to ensure consistent risk classification definable by authorized users to ensure alignment with evolving business and regulatory needs. 1.2.2 The taxonomy must support hierarchical structures ( Category; Sub-category; Specific Risk) 1.2.3 The proposed solution should facilitate mapping of risks to controls, mitigation measures, and owners 1.3 Risk source and event tracking 1.3.1 The solution must support documentation and tracking of both internal and external risk sources (i.e. details of risk event, date of occurrence, business unit affected, impact rating, and cur