We Are On A Mission To Simplify Risk & Vendor Management
AN INDUSTRY PLAGUED WITH INEFFICIENCY
In 2009, Michael Berman, Ncontracts’ founder and CEO, was serving as a general counsel in the financial technology industry. Overseeing risk management for financial institutions in the midst of a financial crisis, he saw a process that was plagued by unconnected data, duplicated work, and disorganization. Large financial institutions were using spreadsheets to manage risk. Not only was there an enormous amount of wasted effort, but these efforts were inadequate to identify and manage risk on all levels.
A VISION FOR A BETTER SOLUTION
Michael had a vision–a better way to manage risk. Recruiting a paralegal who is now our Executive VP of Operations, he started Ncontracts in a windowless office over a Mexican restaurant. The first customers were local banks willing to give a new company (and a new solution) a chance. Word soon spread—they had created a better way to manage risk and compliance for financial institutions. A centralized system that enabled organizations to collaborate, with departments working together toward the goal of managing risk.
What Does the N Stand For?
The N in Ncontracts stands for inside (or Nside as we like to think of it).
In the world of risk management, details matter. From enterprise risk management, contracts, and vendor management to BCP, findings, and cybersecurity, there’s no room for material errors. The consequences are too great.
That’s why Ncontracts is all about the quality of what’s inside. We know that regulators are examining more deeply than ever before. We know that changing economic and environmental conditions make up-to-date risk management necessary to thrive, survive and be profitable. We know that small oversights can result in big problems, and we believe in providing solutions that empower institutions to manage risk accurately, thoroughly, and efficiently. From our in-house legal and risk management experts to our software solutions to our unlimited training and support, we build each solution from the inside out.
It’s what’s on the inside that counts.
Today, Ncontracts offers risk management software solutions that work together. Our system offers seamless integration. Dedicated resources. Unlimited training and support. And our work is guaranteed.