Combining deep domain knowledge and technology to deliver unmatched risk management services: Ncontracts

The Silicon Review

In the digital world we live in, risk management plays a huge role in maximizing the growth of businesses and adding value to the economy. However, these risk management efforts face host of challenges ranging from data disconnectivity to duplication of efforts. Globally, there are numerous companies that provide excellent risk management services but Ncontracts stand out among them. Ncontracts was founded in 2009 to provide a comprehensive integrated risk and compliance management solution. This centralized system allows organizations to collaborate to meet the goal of managing risk and compliance with one point of data entry, customized controls, and robust reporting.

With efficient compliance and risk management, clients can collaborate to create a strategic advantage. Ncontracts mission is to continually improve its clients’ ability to manage risk and compliance. The company combines its deep domain knowledge with the latest technology to provide the industry’s most effective and comprehensive integrated risk management and compliance platform, backed by unmatched service and support. It’s more than just software. Ncontracts provides oversight, monitoring, and services for effective, comprehensive integration of your organization's risk and compliance management processes. Transform risk management and compliance from complex burdens into strategic advantages, with Ncontracts solutions and services.

Services provided by Ncontracts

Vendor Management

Ncontracts help clients see the big picture of the third-party risk with vendor management software. Gain a deeper understanding of your vendors in a configurable solution that fits the needs of your financial institution. Nvendor is a powerful, efficient vendor management system that uncovers opportunities to reduce internal and external costs, and most important, to discern and alleviate your third-party risk. With its user-friendly, customizable dashboard, your organization can store, track, and manage information throughout the lifecycle of each vendor. Vendor management services customized for your institution’s needs

Risk Management

Help clients Better align their enterprise risk management program with their strategic goals. A solution built specifically for financial institutions with the tools to better monitor, report on, and communicate risk internally and externally. Nrisk is a secure online risk management solution that provides your organization with control assessment at the enterprise level, in real-time. With a clear understanding of risk, you can improve exam readiness and reinforce strategic planning. Ncontracts helps with Full scale installation and implementation.

Compliance Management

Compliance management software built by a team of experts that delivers the most robust solution exclusively for financial institutions. Ncontracts integrated software and services help to ensure comprehensive, continuous exam readiness for your financial institution. Compliance is essential to help your financial institution avoid audit findings, heavy fines, and legal action—all of which can harm your reputation and ability to do business. Designed and supported by compliance professionals with extensive industry experience, Ncomply can be configured to meet your organization's needs for comprehensive compliance management.

Business Continuity Management

A business continuity solution that gives you peace of mind with powerful preparedness. Manage and maintain business continuity before, during, and after a crisis so your financial institution can not only survive, but thrive. Ncontinuity is a flexible, scalable, and secure online business continuity management solution that provides a playbook for crisis situations that’s accessible to everyone on your team. With Ncontracts interactive dashboard and tools, you can fortify business continuity resilience throughout your organization and in your third-party vendor relationships. Services to get your business continuity plan up and running

Audit Management

Audit management software that helps you visualize vulnerabilities before your next exam. Enhance your third line of defense against risk with streamlined auditing that saves time and costs for your financial institution. Nverify shines a light on remediation areas and enables transparency if regulators request more data. It can also help identify opportunities for internal process improvement. Get the peace of mind of knowing it’s right — and build safety, soundness, and success around that knowledge. Take control of your auditing process.

Board Portal

Give your board of directors the tools they need to lead. Support board engagement with an information platform that is secure, intuitive, and easy to use. Nboardportal is a secure, web-based platform that keeps your board members informed and engaged. From onboarding and training, to communication and committee work, to voting and decision making, your board members can easily fulfill their duties — while reducing risk to your financial institution.

Enterprise Risk Management Services

Managing risk is an essential part of conducting business in the financial industry, to meet regulations and to ensure that your business is protected and functioning .Many financial institutions and financial services companies simply don’t have the time, resources, or knowledge to implement an effective enterprise risk management program. With Ncontracts model, you can identify and quantify your risk and adjust the corresponding controls to define the precise risk profile of your organization, for better-decision making, increased efficiency, and more effective risk control efforts. Ncontracts ERM services combine expertise and technology for a complete solution, so your organization can quickly realize the benefits of your ERM program.

Contract Management

Rein in your contract management process .Reduce risk exposure, save time, and protect profits with a secure, web-based repository for all your contracts. Take control of your contracts .Who is driving your contract terms? If all of your client and vendor agreements are sitting in the back of a file cabinet — or you don’t speak legalese — you may never know. With Ncontracts manager, you can develop and manage contracts that result in lower risk and costs for your organization.

Meet the leader behind the success of Ncontracts

Michael Berman is the Founder and CEO of Ncontracts, a leading provider of risk and compliance management solutions. His extensive background in legal and regulatory matters has afforded him unique insights into solving operational risk management challenges and drives Ncontracts’ mission to efficiently and effectively manage operational risk. During his legal career, Mr. Berman was involved in numerous regulatory, compliance, and contract management challenges and assisted in the development of information systems to better manage these efforts. Prior to founding Ncontracts, he was General Counsel for Goldleaf Financial Solutions, Tecniflex, Inc. and Imagic Corporation. Mr. Berman is a well-regarded speaker on risk management at financial institution conferences and the author of The Upside of Risk: Transforming Complex Burdens into Strategic Advantages for Financial Institutions, which is available on Amazon.