C001193 - Enterprise Risk Management Software

The New York State Office of the State Comptroller (OSC) is seeking a qualified proposer to provide and implement a cloud-based Enterprise Risk Management Software-as-a-Service (Solution) to automate the collection of risk assessment data and streamline the reporting of risks to executive management. The Solution must demonstrate compliance with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework. The proposer must meet minimum qualifications, including having successfully implemented the proposed Solution in at least two organizations with 2,000 or more employees, and having a Project Manager with a minimum of two years of experience implementing the proposed Solution. Key features of the Solution include: • Automating the collection of risk assessment data • Streamlining the reporting of risks to executive management • Demonstrating compliance with the COSO Framework • Having the ability to integrate the most recent COSO Framework within the risk assessment • Being cloud-based The contract term is ten years, and the procurement is subject to the OSC Executive Order on Procurement Integrity and OSC's Procurement Integrity Procedures.