Contract Risk Management

Third Party Management

  • June 12, 2017
  • Fact Sheet
Overview

Hiperos 3PM Contract Risk Management provides a risk-based approach to contract authoring that addresses the gap between the line of business and the legal team by identifying contract controls essential to remediating identified third party risks.

Benefits
  • Produce a list of contract controls┬áto address identified risks automatically
  • Merge clauses with existing master contracts
  • Document which controls are accepted, modified or omitted and who signed off on them automatically
  • Proactively mitigate the potential risks caused by inadequate controls
  • Access contracts easily through third party records
  • Measure and monitor the residual risk of critical relationships easily
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