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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > C

Contract Risk Mitigation

Contract Risk Mitigation is the process of making something bad, like a Risk, less severe, serious or painful.

The Risk Module from Gatekeeper can help businesses to proactively mitigate risk by: 

  • Centralising contract risk by supplier, type and category
  • Setting due dates and alerts to action mitigation activity
  • Calculating a Risk Score that can be used to trigger escalation workflows
  • Visualising risk mitigation strategies with Kanban Workflow boards 

 

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