Proving Compliance: How to Build DORA-Ready Contract Workflows
AI Summary:
Regulatory compliance isn’t just about policies—it demands proof. One of the biggest contract management challenges is tracking versions, approvals, and clause use. Precisely helps tackle these challenges in contract management by providing audit trails, pre-approved templates, and real-time compliance dashboards.
Regulations like DORA require more than good intentions. From standardized clauses to audit trails and version control, contract workflows are a key part of proving compliance.
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
Want to see how Precisely can support your DORA journey?
Book a demoFrequently Asked Questions About DORA
Why are contract workflows important for DORA compliance?
They ensure that the right processes, reviews, and documentation are in place to prove compliance.
What features should a contract workflow include?
Audit trails, pre-approved templates, role-based access, and deadline tracking.
How can Precisely support workflow automation?
Precisely offers customizable workflows, compliance dashboards, and audit-friendly documentation features.
What’s the risk of poor workflow management?
Delays, missing clauses, or non-compliance with DORA’s documentation and approval requirements.
