A BUYER'S GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 8
As well as ensuring your preferred RMIS provider speaks your language, you'll need to assess the usability of the system. Set out below are some
considerations to help you evaluate systems and suppliers.
RMIS SELECTION CRITERIA
FEATURES AND FUNCTIONALITY
Probably the most important criteria
to evaluate as you consider different
RMIS providers. Make sure you focus
on your key differentiators first and
they have the right functionality to fit
your specific requirements.
Sample considerations:
•
Provides a broad selection of
modules to cater for current and
future needs.
• Provides flexible reporting tools,
in-built templates, ad-hoc reports
and automated report distribution
facilities.
• Ability to automate processes.
• Provides customized
interface
views.
TECHNOLOGY
It is important to ensure you are
buying into a forward looking
technology that has a planned
roadmap. Furthermore, ensure
the RMIS provider will continue to
develop, enhance, and improve the
product.
Sample considerations:
• Ability to interface/interoperate
with existing systems.
• Operates on preferred operating
environment and hardware,
including tablets and mobile
devices.
• Access control of data (read, write,
delete, copy) at the file level by
user and user group provided.
• Provides best-quality data
security and hosting, backed with
accreditation.
THE RMIS SUPPLIER/VENDOR
Ensure the RMIS supplier has a
good track record of delivering these
types of systems and has a good
credit and financial rating.
Sample considerations:
• Insurance and technology
expertise.
• Consistent financial position over
the last three years.
• Years in business and age of
product.
• Number of system/product
developers currently emplo
yed by
the supplier.
