DORA – Digital Operational Resilience Act
Benefit from proven use cases and strengthen your Contract Lifecycle Management
Is the Digital Operational Resilience Act, DORA for short, a suitable means to strengthen IT safety in Europe’s financial sector? Or is it merely yet another legal requirement further increasing costs and complexities within the operational infrastructure of companies?
The simple truth:
it is not worth pondering too much as DORA comes into force, at any rate, from 17 January 2025. And the clock is ticking.
What does the deadline 17 January 2025 mean exactly?
As of this date, regulators expect financial entities to comply with the requirements set out by DORA.
What does DORA entail?
How do we best prepare you for DORA and how can you benefit from our solutions?
We offer tried and tested use cases based on SAP Ariba Contracts, SAP Ariba Supplier Lifecycle & Performance (SLP) and Icertis.
Equipped with a wealth of long-term experience in Contract Lifecycle Management within international and complex organisations, we have always focused on end-to-end processes to achieve the best results for our clients.
We focus our considerations on the most relevant areas of the company, that is procurement, sales, legal and external workforce management. To achieve synergies, we implement interfaces and add-ons to enhance standard SAP solutions, transforming them into qualified ecosystems.
Why should you reach out to us about DORA?
By addressing the requirements of DORA, you improve your Contract Lifecycle Management at the same time and reap various other benefits too:
- The processing time from quote to signing a contract is significantly reduced.
- Through implementing contract terms, adjusting to market prices and renewing contracts in a prompt, timely manner, you enhance your profitability.
- Using intelligent tools will improve your contract compliance and in turn reduce your risk.
- You ensure the value of your contracts.
Numerous companies in the financial sector have trusted us for years to assist with the further development of their system landscapes which are, in some cases, highly complex. To name a few ICT service providers we work with: Atruvia and Finanz Informatik, Bausparkasse Schwäbisch Hall and insurance company Mapfre.
Get in touch now about DORA with our expert Patrick Westrop!
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