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Enterprise Risk Management System Development
  1. case
  2. Enterprise Risk Management System Development

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Enterprise Risk Management System Development

buildableworks.com
Government

Challenges with Existing Systems

Current commercial-off-the-shelf insurance benefits systems have proven inadequate for the specific needs of CityCounty, leading to years of failed attempts at retrofitting and inefficient data management. A custom solution is required to precisely address these unique requirements.

About the Client

A collaborative governmental organization focused on risk sharing and data aggregation for constituents.

Project Goals

  • Develop a custom Enterprise Risk Management (ERM) system.
  • Create a centralized platform for data aggregation related to insurance benefits.
  • Improve data accessibility and usability for CityCounty constituents.
  • Streamline risk management processes.

System Functionality

  • Data aggregation from various insurance benefit sources
  • Constituent data access and reporting
  • Risk analysis and visualization tools
  • Secure data storage and management
  • Workflow automation for risk management processes

Technology Preferences

Custom software development
Data analytics platform

External System Integrations

  • Existing CityCounty data systems
  • Potentially external insurance provider APIs (to be determined)

Non-Functional Requirements

  • Scalability to accommodate growing data volumes
  • High performance for data processing and reporting
  • Robust security to protect sensitive constituent data
  • User-friendly interface for both administrators and constituents

Expected Business Impact

A successful ERM system will improve risk management efficiency, enhance constituent service, and provide better data-driven decision-making capabilities. It will eliminate the need for costly and ineffective attempts to adapt commercial systems, delivering a tailored solution that meets CityCounty’s specific needs.

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