Contract Risk

Contract Risk is the potential for things to go wrong during the operation of a Contract, such as:

• The failure of the Contract to deliver the expected value
• An inability to anticipate and deal with change
• Non-compliance with contractual or regulatory Obligations.

Contract management software can help businesses to identify, analyse and mitigate contract risk.

 

The Risk Module from Gatekeeper allows businesses to: 

• Centralise, analyse and measure risk introduced by third-parties
• Inform their risk mitigation strategies by assigning a 'Risk Score' 
• Trigger workflows, such as escalations, from said Risk Score