Prior to seeking a dedicated ORM vendor solution an OR framework should first be established utilising existing applications readily available in all organisations.
Taking this into consideration, GSA has developed ICATT (Incident, Controls, Action Tracking Tool) to provide an easy uncomplicated in-house system based on Microsoft Access and Excel.
ICATT provides institutions a cost effective modular platform to capture losses, conduct risk control self assessments and track action plans arising.
Benefits of ICATT
- Utilising existing MS office applications
- Easily customizable
- User friendly
- Low cost involved with no annual license fees
- Pre configured and customized reports
- Data export functionality
- Stable platform for migration to future dedicated vendor solution
With numerous software vendors offering add-on's to either their own Core banking software or as dedicated providers of discreet OR specific software, GSA utilises annual surveys undertaken by research & analysis firms such as Gartner Inc and Chartis Research to determine the strengths and weaknesses of the various dedicated OR software providers to customise for organisations requirements.
GSA can assist organisations to create a Request For Proposal (RFP) for purchase of OR system that matches not only with organisations current needs but is scalable to handle any future business strategy taking into consideration factors such as..
Following construct and distribution of RFP, GSA can provide assistance in the vendor review, short listing and selection due diligence including reference site discussions, technology evaluations and pricing & support negotiations