Gatekeeper Contract and Vendor Management Glossary

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

Risk Profile

A risk profile is a grading of the level of threats to which an organisation is exposed.

A Risk Profile can be visualised as a RAG Status within Gatekeeper - assigning the colour Red, Amber or Green depending on the level of risk.

Assignment of colour depends on what your business’s priorities are - this could include performance, compliance or criticality to business. 

Contract management software can also be used to assign a Risk Score to contracts and vendors.

Once a certain Score is reached, risk mitigation activities can be triggered.