Navigating DORA's Contract Compliance with IAM
DORA requires financial entities to assess risks from ICT third-party providers, including registering those contacts. Manual contract reviews are slow and error-prone, increasing the risk of non-compliance.
Docusign IAM can help.
What is the DORA regulation?
The Digital Operational Resilience Act ("DORA") aims to strengthen cybersecurity in the financial services sector through enhanced requirements around ICT risk management for financial entities as well as for their third-party ICT service providers. As financial entities must register all contractual arrangements they have with ICT vendors, contracts themselves have emerged as a critical piece to the DORA compliance puzzle.
For more information on DORA, please refer to the official documents provided by the European Union.
Navigate DORA's contract compliance faster and easier with the help of Docusign IAM
Our AI-based solution enables you to locate agreements with ease, surface key agreement information and develop a clearer picture of your contractual relationship.
All agreements in one place
IAM includes a smart, searchable repository ("Navigator"), reducing time spent getting all agreements in one place.
AI Contract Intelligence
Leverages AI to surface key DORA-relevant clauses in ICT services agreements, like assignment and termination rights, for faster, more accurate reviews.
Comprehensive Compliance
Manage and update contracts with the required DORA provisions, all within the same platform.
Accelerated remediation and action
Generate bulk amendments with pre-defined clauses and send them for signature, reducing time to meet compliance deadlines.
Out-of-the-Box Solution
Rapid implementation reduces deployment time, helping you to meet the DORA compliance effective date.
Let Docusign IAM help you navigate DORA's Contract Compliance faster and easier.
DORA Webinar
Join our webinar on Dec 5th 2024 at 10am to learn how Docusign IAM can support you on your DORA compliance journey.
FAQ
Easily identify contracts that require remediation with granular reporting and smart search across your repository. With the document generation capabilities, organisations are able to generated amendments with pre-defined clauses and send them for signature, reducing time to meet compliance deadlines. Additionally, document generation is supported in bulk so that organisations can send standardised amendment letters to multiple ICT service providers in one go.
Intelligent Agreement Management (IAM) is a new category of cloud software that helps organisations everywhere escape the Agreement Trap and transform the way they create, commit to and manage their agreements and agreement processes. This helps improve efficiency, reduce risk and unlock additional value from agreements.
The Agreement Trap is perhaps the biggest unseen challenge that organisations face. Deloitte says that poor agreement management processes and systems can cost nearly £1.4 trillion in global economic value each year.* While every organisation depends on agreements for many of their vital day-to-day activities, the processes that manage them are slow, manual and error-prone and leave critical business data trapped in static, flat files.
Intelligent Agreement Management is a new way to help every organisation:
– Create agreements in a way that is collaborative, automated and integrated with all business processes and systems
– Commit to agreements faster, more securely and with a better end-customer, partner and employee experience
– Manage agreements dynamically by breaking down the data hidden within, unlocking value and eliminating unnecessary risk
Welcome to the new world of Intelligent Agreement Management (IAM).
Disclaimer: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, so Docusign cannot guarantee that all the information on this site is current or correct. Should you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area.