Achieve DORA compliance with Birdseye

Digital operational resilience act (DORA): what you need to know

DORA sets uniform rules for managing ICT risks, including cybersecurity threats. This ensures the financial sector in Europe can withstand severe operational disruptions.

Why DORA Matters

• Enhanced Security: DORA protects financial institutions from growing cyber threats and operational risks.
• Uniform Standards: It creates consistent ICT risk management rules across the EU financial sector.
• Regulatory Compliance: Non-compliance can lead to fines, public disclosure and reputational damage, or even criminal penalties.
• Third-Party Oversight: It ensures critical ICT providers also meet resilience standards.
• Stability: Strengthened resilience supports the overall stability of the European financial system.

How Birdseye enables DORA compliance

Birdseye’s cutting-edge Contract Lifecycle Management (CLM) platform is designed to help you navigate the complexities of DORA compliance through:

• Centralized Contract Management: Consolidate all contract-related data into a single, secure repository. With real-time dashboards and advanced analytics, monitor critical contract milestones, renewal dates, and obligations to ensure no detail is overlooked. We ensure your yearly Register of Information (ROI) reporting goes smooth.
• Streamlined Risk Management: Automate compliance tracking and risk assessment processes. Birdseye’s platform identifies potential compliance gaps and alerts your team, allowing you to address issues before they escalate.
• Robust Audit Trails: Maintain detailed records of all contract changes and vendor interactions. This transparency not only simplifies regulatory reporting but also reinforces internal controls.
• Customizable Workflows: Tailor contract management processes to align with DORA’s requirements. Whether monitoring the exit plan obligations or ensuring the annual assessment of the services is performed, Birdseye adapts to your specific compliance needs.