Why contract workflows matter under DORA
DORA requires that financial institutions can show:
- That contracts with ICT providers include the necessary clauses
- That reviews and approvals have been done by the right stakeholders
- That the organization can trace changes and decisions over time
Precisely’s role in building compliance workflows
Precisely’s CLM platform enables:
- Pre-approved templates and clause libraries to avoid omissions or errors
- Role-based access so only the right people can review, edit, or approve
- Audit trails that log every change, comment, and approval
- Automated reminders so renewals, reviews, or deadlines aren’t missed
Compliance dashboard
A visual dashboard helps compliance teams track the status of all contracts, identify missing clauses, and intervene before problems escalate. This is especially helpful before audits or regulatory reviews.
Conclusion
Being DORA-compliant means implementing the right processes, not just writing policies. With the right contract workflows in place, organizations can ensure both resilience and regulatory alignment.
Read more about DORA:
What is DORA and Why Does It Matter for Financial Services?
How DORA Impacts Third-Party Risk Management and How CLM Tools Help
Incident Readiness and Reporting Under DORA with Contract Insights
