Comply with DORA legislation

DORA includes requirements for financial institutions’ digital resilience which includes a robust IT infrastructure, risk management and incident response. The aim is to ensure financial organisations understand and are able to deal with digital risks such as cyber attacks and system failures while complying with legislation.

One of the main components of DORA is having an effective contract management system. With ISPnext’s Contract Management, you can create and modify (existing) contracts according to the DORA format. This will help your organisation come to clear and standardised agreements with suppliers, which in turn ensures compliance with DORA. Thanks to ISPnext, you will have access to templates that meet the DORA requirements, which will save you time and effort.

Supplier management: the key to compliance

ISPnext’s Vendor Management provides a streamlined way to collect and store all your supplier information. This solution allows you to easily categorise suppliers and retrieve specific information such as certificates and security protocols. The process is automated by the use of templates. This will save you time and ensures consistency and accuracy.

Efficien one-click reporting

Reporting is a crucial part of DORA. ISPnext's reporting capabilities will allow you to generate DORA-compliant reports with just one click. These reports must contain all the necessary supplier information and the steps you have taken to comply with DORA. This will prepare you for audits and inspections.

Supplier Portal: improved communication with suppliers

Our ISPnext Supplier Portal provides an easy way to send information requests to your suppliers. Suppliers can upload their information and relevant documentation such as certificates directly in the portal. This simplifies the process of information collection and ensures a centralised storage of all your supplier data.

At ISPnext, we offer a comprehensive BSM platform with solutions to help your organisation comply with DORA. With our Vendor Management and Contract Management, you can easily manage your supply chain and draw up contracts that meet DORA’s requirements. Our Supplier Portal ensures a streamlined communication with your suppliers, while our reporting features make it easy to generate compliance reports.

Complying with DORA offers numerous benefits for your organisation. It increases the transparency of the IT supply chain, automates processes, improves security and ensures a stronger incident response. Below are some of the key benefits at a glance:

1. Improved transparency: With clear contracts and standardised processes, the IT supply chain becomes more transparent.
2. Automated processes: By using templates and streamlined workflows, you will save time and minimise errors.
3. Monitored security: DORA requires you to implement measures that improve digital security. This reduces the likelihood of incidents.
4. Strengthening the supply chain through reporting: A faster response to incidents thanks to clear reporting processes.
5. Improved compliance: With ISPnext, you are assured of a DORA-compliant solution.

Read more about the benefits in: There are advantages to DORA (ispnext.com). Are you curious to find out how we can help you comply with DORA legislation? Feel free to contact us.