I use Ncontracts for risk management and compliance, and it provides data validation and error detection for my loan data before submission to regulators. I really like that it gives me peace of mind knowing I'm on the legal side of things. Vendor risk management is also a plus, as Ncontracts is a single place to store contracts, due diligence, and risk ratings effortlessly. The dashboard and reporting basics are easy to set up, which is quite convenient.

I like the feature of professional service document collection in Ncontracts. One unique thing about it is their managed service where a team of experts handles document collection for you. It's like having a virtual paralegal and compliance assistant. They handle vendor management by providing a list of vendors and performing outreach for due diligence documents, such as SOC 1, SOC 2 reports, and financial statements. The in-company integration and cyber risk monitoring are also valuable. The feature tracks cybersecurity in real-time and sends us alerts. It's a standout compared to standard CRM software, which usually provides just a blank folder for you to fill in.

Ncontracts offers a comprehensive suite of risk, compliance, and vendor management tools that work well together. I appreciate that there are multiple ways to complete tasks, which provides flexibility depending on how your institution operates.