Vendor Risk Management Solution

🏢 Tender Overview Lotterywest is seeking proposals for a Vendor Risk Management (VRM) Solution (Tender ID: LW26020). This procurement aims to enhance the organization's governance and oversight of third-party vendors, particularly those providing support for ICT and digital operations that require access to critical systems and data. 🎯 Scope and Objectives The successful vendor will provide a platform that facilitates a structured, auditable, and risk-based approach to managing third-party vendor risk throughout the entire vendor lifecycle. Key functional requirements include: Automated Risk Assessment: Streamlining the evaluation of vendor-related security and operational risks. Enhanced Reporting: Providing robust reporting capabilities to support management oversight. Lifecycle Management: Managing risks from onboarding through to offboarding. 📍 Location and Submission Organization: Lotterywest Region: Perth Metropolitan, Western Australia Closing Date: June 26, 2026, at 2:30 PM AWST 🔍 Keywords Vendor Risk Management, VRM, ICT Governance, Third-Party Risk, Compliance Software, Digital Operations, Risk Assessment, License Management Software, Lotterywest, Procurement.