The Enterprise Risk Management (“ERM”) office Vendor Risk Management (“VRM”) program needs an application to fulfill its mission in third-party risk management (“TPRM”). This new application would replace the current CABEM application. The purpose of this RFQ is to solicit qualified, cost-effective, and competitive responses for a specialized secure, low code, no-code Software as a Service (“SaaS”) system including the below essential elements: Conduct 3rd Party Risk Assessment Self-Customize Assessment, Reports and Notifications Self-Customize Product Supports Custom Scoring Onboarding & Offboarding management Continuous Monitoring Email notifications and alerts Vendor Collaboration/ Follow-up Product Scoring and Comparison Automations Data Analytics Multiple User Levels Supports Single Sign On Assesses Vendor Criticality Internal Prioritization Models Action Items/ Issue Management Track Vendor Progress Over Time Product Training Including Hands-On and Virtual Learning Environments Third Party Risk Training and Guidance