City of Austin

The buyer is seeking information for a comprehensive Governance, Risk and Compliance (GRC) solution to enhance efficiency in managing compliance processes. The solution should automate regulatory tracking, streamline audits, and improve risk management. It must comply with NERC standards and aid in managing various regulatory requirements. The buyer aims to improve operational efficiency, reduce compliance risks, and ultimately benefit utility customers.

• 12/30/2024 - RFI Issue Date
• 1/24/2025 - Proposal Due Date

• Provide a holistic Governance, Risk and Compliance (GRC) solution
• Improve efficiency of current management processes for Corporate Compliance Program
• Automate and efficiently manage different risk management and compliance processes
• Streamline audit and regulatory compliance processes
• Provide common workflows for identifying, assessing, planning, and managing compliance
• Improve management of audits, documentation, timeline, and non-compliance violation tracking
• Capture risk events and manage risk through reporting and trend evaluations
• Automate tracking of regulatory changes
• Ensure policies are up to date
• Provide centralized solution for orchestration of processes, workflows, and cross-functional activities