A BUYER'S GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 7
FINDING YOUR RMIS VENDOR
The next step is to study the marketplace and garner an understanding of which suppliers are the best potential matches for your preliminary list
of needs. Look for a long-term partner, one that will be with you at the beginning (implementation) and is positioned in the marketplace to be a
long-term player and has the business model to support your RMIS activities as they change and grow over the years.
Now that you have a comprehensive list of your
current and future needs, begin the process
of selecting the system that is right for your
company. Using your needs list and working
within your company's strategic procurement
process, create a simple request for proposal
(RFP) to be submitted to the RMIS marketplace.
Keep the decision points very focused and
concentrated on the most important aspects of
Company need.
Suggested keys include:
• Implementation experience and support
• Customer support depth
• Data and system security standards and
practices
• Scalability
• Ability to customize to meet changing needs
• Clarity of vision
• Experience in the field
• Ease of use
• User training and support
• Long-term cost structure
At this point, it is important to keep a very level
playing field. All of the potential suppliers
should all receive the same information from
the company and from the same source. All
communications to the potential suppliers
should come from one source in your company,
and any deviation from that communication
channel should be strictly prohibited. If
one competitor asks a question, all of the
competitors should receive the same answer at
the same time.
