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April Monthly Special 2022

Ncontracts – Leveraging Risk Management and Compliance Software Purpose Built For Financial Services Organizations


As existing risks become more complex and new risks continue to emerge, companies need strong integrated risk management programs. Not having a clear understanding of risks and their potential effects can impede an organization’s decision making, and harm its business performance. Organizations taking an integrated approach to managing risk will also achieve consistent risk management outcomes. Many companies are adopting an integrated approach to risk management, enabling executives to coordinate and unify risk management activities throughout the enterprise. Integrated risk management gives organizations a better understanding of their risks and helps support informed risk-based decision making.

Ncontracts is one such company that provides integrated risk management and lending compliance software to a rapidly expanding customer base of over 4,000 financial institutions, fintechs, and mortgage companies in the United States. The company’s powerful combination of software and services enables financial institutions to achieve their risk management and compliance goals with an integrated, user-friendly cloud-based solution suite that encompasses vendor risk, organizational risk, audit risk, and lending compliance management. The company was recently named to the Inc. 5000 fastest-growing private companies in America for the second consecutive year.

Ncontracts’ Innovative and Reliable Product Suite

Nvendor: Relying on outdated technical solutions or spreadsheets to manage your vendor information often results in inefficiencies and human errors that slow down your vendor management processes and increase risk. 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 Ncontracts’ user-friendly, customizable dashboard, your organization can store, track, and manage information throughout the lifecycle of each vendor.

Nrisk: Measure potential risk impacts throughout your organization in real time. Because when it comes to risk, if it’s not measured, it’s not managed. Strengthen compliance and controls for comprehensive risk management. 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. Discover how centralizing and systematizing your risk management processes from governance to reporting protects your organization from emerging threats and positions it to claim developing opportunities. Discover how centralizing and systematizing your risk management processes from governance to reporting protects your organization from emerging threats and positions it to claim developing opportunities.

Ncomply: Compliance is essential to help your financial institution avoid audits, 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. Ncontracts’ integrated software and services help to ensure comprehensive, continuous exam readiness for your financial institution.

Ncontinuity: It is a flexible, scalable, and secures online business continuity management solution that provides a playbook for crisis situations that’s accessible to everyone on your team. With the company’s interactive dashboard and tools, you can fortify business continuity resilience throughout your organization and in your third-party vendor relationships. Discover the tools you need to catalog your resources; identify critical functions, strengths, weaknesses, and interdependencies; streamline your analysis and preparation process; and ensure that everyone in your organization is on board and informed before the next disruption occurs.

Ncyber: There are several tools available to analyze inherent risk and cybersecurity maturity levels, but they’re often unwieldy. The FFIEC Cybersecurity Assessment Tool (CAT) alone has over 400 questions. Ncyber is a user-friendly workflow tool that converts the questionnaire into a secure, web-based format, for a cybersecurity assessment process that saves time and resources.

The Formidable Leader

Michael Berman is the founder and CEO of Ncontracts. 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.

“Our mission at Ncontracts is to continually improve our clients’ ability to manage risk and compliance with the latest technology backed by unmatched service and support.”