Comply with DORA legislation

Is your organisation already DORA compliant? With the introduction of DORA, all financial organisations and their IT service providers within the EU are required to comply with the stringent new regulations before the end of this year. Juliette Juffermans, Business Analyst at ISPnext: "ISPnext offers the opportunity to gain full insight into your supply chain. With the Contract Management and Vendor Management solutions, you will quickly be able to comply with the new legislation DORA (Digital Operational Resilience Act)."

Effective Contract Management for DORA compliance

DORA sets requirements for the digital resilience of financial institutions, including robust IT infrastructure, risk management and incident response. It aims to ensure that financial organisations understand, and are able to deal with, digital risks, such as cyber-attacks and system failures, while complying with regulatory requirements. One of the core components of DORA is an effective contract management system. With Contract Management from ISPnext, you can create and modify (existing) contracts according to the DORA format. This helps create clear and standardised agreements with suppliers, ensuring compliance with DORA. Thanks to ISPnext, you have access to templates that comply with DORA requirements, saving you time and effort.

Slim leveranciersbeheer en rapportage voor DORA-compliance

In addition to contract management, ISPnext offers solutions for efficient vendor management and reporting. Vendor Management allows you to categorise supplier information and manage specific data such as certificates and security protocols. Our Supplier Portal improves communication with suppliers and simplifies information collection through centralised storage. Moreover, ISPnext's reporting functionality allows you to generate DORA-compliant reports with a single click, so you are always prepared for audits and inspections. With our comprehensive BSM platform, we support your organisation in DORA compliance, from contract to supplier management.

"DORA makes digital resilience essential. We help organisations become compliant and stronger."

- Juliette Juffermans, Business Analyst | ISPnext

The benefits of DORA

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

Improved transparency
With clear contracts and standardised processes, the ICT supply chain becomes more transparent.

Automating processes
By using templates and streamlined workflows, you save time and minimise errors.

Monitoring security
DORA obliges you to take measures that improve digital security, reducing the likelihood of incidents.

Strengthening the supply chain through mandatory notification
Faster incident response thanks to clear reporting processes.

Improved compliance
With ISPnext, you are assured of a DORA-compliant solution.

Read more about the benefits in: DORA launched: new regulation for financial sector (ispnext.com).

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