Today’s management and boards face explicit fiduciary oversight responsibilities. Our ERM RFP template is designed to help your organization select a platform that delivers complete, defensible, and operationally traceable visibility into your systems, risks, controls, issues, remediation activities, and dependencies. The template ensures your oversight obligations are met with confidence.

Why Use This RFP Template?

• Enforces Separation of Duties:
  Requires platforms to natively support operational context and clear boundaries between oversight and execution, preventing unauthorized actions and ensuring accountability continuity.
• Supports Enterprise Coordination:
  Evaluates vendors on their ability to provide coordinated visibility and accountability across all risk domains, business units, and oversight functions.
• Enables Evidence Lineage and Escalation Traceability:
  Demands features that maintain evidence integrity, escalation tracking, and risk ownership through every workflow handoff and remediation activity.
• Covers All Critical Program Areas:
  Includes requirements for ERM, regulatory compliance, vendor risk, information security, privacy, internal audit, SOX, business continuity, and more.
• Standardizes Vendor Evaluation:
  Ensures all vendor responses are accurate, complete, and reflect current, commercially available capabilities, including operational dependencies and implementation considerations.

What’s Included?

• Comprehensive Requirements:
  Covers oversight, accountability, evidence management, and separation of duties across the enterprise.
• Evaluation Criteria:
  Focuses on both program-specific needs and enterprise-wide oversight, risk accumulation, and accountability.
• Response Classifications:
  Standardizes how vendors must attest to their platform’s capabilities, dependencies, and limitations.

Who Should Use This Template?

• Organizations seeking to modernize their ERM program and ensure board-level oversight.
• Risk, compliance, audit, and IT leaders responsible for selecting and implementing an enterprise risk management platform.
• Procurement teams tasked with evaluating and comparing ERM solutions for operational, regulatory, and strategic fit.

Tip:
For additional guidance on structuring your ERM program and aligning with best practices, see our Risk Maturity Model Framework and ERM Program Audit Guide.

If you need help tailoring the template to your organization’s specific oversight or regulatory needs, book a demo with our team to see how we can help.