Enterprise Risk Management (ERM) Platform/Software
The system will automate dashboards and reporting to the audit committee and BOD. The system automates and enhances the ability of the entire org to participate easily in the ERM program creation and the program going forward indicates and identifies Key Risk Indicator Aeres has asked for an ERM (Required for public companies) - Currently managed through spreadsheets.
6/25: Decision made and onboarding Diligent and the team is building the system. 2-months to build and then begin using. 4.16.26 [Project Update Meeting] - Working with final two vendors on proposal and cost. Planning to have decision made mid-May. 3.26.26 [IT SC]: approved - based on estimated $30K cost + recurring requests for an ERM platform from the audit committee ahead of becoming public.
6/25: Decision made and onboarding Diligent and the team is building the system. 2-months to build and then begin using. 4.16.26 [Project Update Meeting] - Working with final two vendors on proposal and cost. Planning to have decision made mid-May. 3.26.26 [IT SC]: approved - based on estimated $30K cost + recurring requests for an ERM platform from the audit committee ahead of becoming public.
6/25: Decision made and onboarding Diligent and the team is building the system. 4.16.26 [Project Update Meeting] - Working with final two vendors on proposal and cost. Planning to have decision made mid-May. 3.26.26 [IT SC]: approved - based on estimated $30K cost + recurring requests for an ERM platform from the audit committee ahead of becoming public.
4.16.26 [Project Update Meeting] - Working with final two vendors on proposal and cost. Planning to have decision made mid-May. 3.26.26 [IT SC]: approved - based on estimated $30K cost + recurring requests for an ERM platform from the audit committee ahead of becoming public.
3.26.26 [IT SC]: approved - based on estimated $30K cost + recurring requests for an ERM platform from the audit committee ahead of becoming public.
3.26.26 [IT SC]: approved
3.18.26 [Strat Meeting]: Confirm true cost ($50k0; better understand benefits - request DF update
3.17.26: The Legal/Risk team is exploring ERM software platforms (estimated $30–50k) to replace spreadsheet-based tracking, but no formal budget request has been made yet. The update is mainly for visibility and early discussion about feasibility, IT involvement (assume low), and user access.
2026: Proposed; budget: $70,000 (y1 -50K implementation, 20K SaaS); annual cost afterwards (~20K); RMIS System includes Certificate of Insurance (not included in budget numbers yet); ROI: Filling a gap for audit reporting /ops- no cost savings target
6.12.24: Added at Mid Year for consideration
6.12.24: Added at Mid Year for consideration
Action: Schedule for DF; better understand benefits and costs
Prism · Cooper’s Hawk Strategy · Mid-Year Review FY26