A BUYER'S GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 6
GAINING INTERNAL APPROVAL
Okay, you know you need a RMIS and you've worked out your return on investment. Now you need to convince your organization's decision-makers to give the go-
ahead. Here are the compelling arguments:
CHIEF FINANCIAL OFFICER
A RMIS will help you keep your organization's
stakeholders happy by reducing costs, improving profit
margins to grow the business in line with corporate
strategy.
PROCUREMENT DEPARTMENTS
During the decision-making process you will have
established the credentials of your RMIS provider that
should satisfy their requirements. This will enable you
to provide information and financials about the supplier
and how they can deliver the best results for your
organization by combining strengths, ideas and actions.
SYSTEM USERS
A RMIS will simplify and speed up the tasks you have
to complete, such as collecting data, building reports
and delivering them to management. This frees up
your time to focus on more value-added activities and
improve motivation by removing time consuming manual
processes.
CHIEF INFORMATION OFFICER AND IT DIRECTORS
A RMIS delivers a rapid return on investment, requires
clearly identified (and relatively limited) input from the
IT department during implementation, and comes with
full support. Furthermore, the system is fully accredited
and offers the highest levels of security, including;
encryption, central password controls and data
protection mechanisms.
