THE DEFINITIVE GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 19
What it does:
Collate and manage legal and risk-related contracts from draft through
to renewals. These may range from contracts with principals, agents,
vendors and service providers to subcontractor contracts.
Benefits:
• Rates and monitors the performance of your suppliers, contractors
and subcontractors.
• Enables a clear view of your responsibilities and dependencies with
external providers.
• Provides the ability to upload and store drafts, contracts or extracts
of contracts.
• Saves time by linking with information stored in other modules including
insurance certificate management, budget and invoicing mechanisms.
What it does:
Enables you to log, map and manage your risks and share information
with your organization's auditors, health and safety and other
departments in order to assess your appetite for and response to risks.
Benefits:
• Simplifies and automates the way you identify and update your risks.
• Measures whether controls to reduce risks are being implemented
and are effective.
• Weights your risks globally according to specific measures such as turnover
so you can understand the relationship between business activities and the
risks they carry.
CONTRACTS/VENDOR MANAGEMENT ENTERPRISE RISK MANAGEMENT
