Ncontracts

regtechauthentication and fraud preventionrisk management

FOUNDING YEAR: 2009
LOCATION: United States
Last Update: 01/05/2020

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About

Contract Solutions was rebranded as Ncontracts in September 2012, a provider of vendor compliance and contract management software and services to financial institutions.The SaaS-based platform enables banks, credit unions, and financial organizations to manage vendor contracts, client contracts, employment agreements, leases, etc. - all in a central location online.

MEDICI Analysis

Ncontracts provides vendor compliance and contract management software and services to financial institutions.The SaaS-based platform enables banks, credit unions, and financial organizations to manage vendor contracts, client contracts, employment agreements, leases, etc from a central location. The platform makes it easy for banks and credit unions to assess, monitor and mitigate risks.

Focus

PRODUCTS & SERVICES

Ncontracts solution offerings include: Enterprise Risk Management: Offers constant control monitoring, for risk management in real time. Vendor Management: Helps businesses to manage third-party risk impacts. Contract Management: Helps to identify the error or caveat that exposes an organization to risk. The platform is designed to eradicate the errors and unknowns that lead to higher risk. Findings Management: Helps to manage exam and audit findings by eliminating the guesswork from findings management. Business Continuity Planning: It provides tools that helps organizations to analyze shortfalls and review results, in order to identify and close the gap between recovery time objectives (RTO) and actual recovery times (RTA). The business continuity plan outlines a roadmap that will help the organizations to recover quickly. Enterpise Risk Management: The risk management solution helps to measure and identify potential impacts continuously. It includes controls that helps financial institution to identify, assign and define risks associated with BSA.

REVENUE MODEL

Assumes the company follows SaaS based revenue model.

MAIN CLIENTS

More than 650+ clients from banks & credit unions.

EXISTING PARTNERSHIPS

Some of the partners community bankers association

Kentucky bankers association

Independent Community Bankers of America

PRIMARY PROBLEM SOLVED

Ncontracts’ risk and vendor management software and services enable your organization to achieve your risk management goals with user-friendly, cost-saving solutions. We provide seamless integration for total risk management, backed by dedicated support, unlimited training, and guaranteed accuracy. With Ncontracts, your organization can be empowered to enjoy the upside of risk.

People

FOUNDERS

Michael Berman

BOARD MEMBERS AND ADVISORS

C. Jason Payne

Tom Black

Tom Bell

Chris Cassidy

Michael Berman

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Mainsail Partners

KEY EMPLOYEES:

Michael Berman(CEO); Stacy Kilgore(CFO); Jonathan Goody(CSO)

Momentum

FUNDED

YES

TOTAL FUNDING

$1.08 M

DATE OF LAST FUNDING

May 2015

TOTAL FUNDING COMMENT

The company received an undisclosed investment in May 2015.

SEED & PRIOR FUNDING

$1.08 M

SEED CLOSED ON

Jul 2014

LISTED

NO

BASICS

FOUNDING YEAR:

2009

LOCATION:

United States

Views:

200 VISITORS | 277 VIEWS
LATEST FUNDING ROUND

$1.08 M

TOTAL EMPLOYEES
51-200

About

Contract Solutions was rebranded as Ncontracts in September 2012, a provider of vendor compliance and contract management software and services to financial institutions.The SaaS-based platform enables banks, credit unions, and financial organizations to manage vendor contracts, client contracts, employment agreements, leases, etc. - all in a central location online.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Ncontracts provides vendor compliance and contract management software and services to financial institutions.The SaaS-based platform enables banks, credit unions, and financial organizations to manage vendor contracts, client contracts, employment agreements, leases, etc from a central location. The platform makes it easy for banks and credit unions to assess, monitor and mitigate risks.

Focus+
Momentum+
People+
Other+

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Ncontracts

About

Contract Solutions was rebranded as Ncontracts in September 2012, a provider of vendor compliance and contract management software and services to financial institutions.The SaaS-based platform enables banks, credit unions, and financial organizations to manage vendor contracts, client contracts, employment agreements, leases, etc. - all in a central location online.

Focus

PRODUCTS & SERVICES

Web-based vendor management software & risk management solutions for financial institutions, credit unions, healthcare and businesses. Its portfolio services such as risk management, business continuity planning, compliance management, findings management, and cyber security management. The platform makes it easy for banks and credit unions to assess, monitor and mitigate risk.

REVENUE MODEL

Assumes the company follows SaaS based revenue model.

TOP PROBLEM SOLVED

Ncontracts’ risk and vendor management software and services enable your organization to achieve your risk management goals with user-friendly, cost-saving solutions. We provide seamless integration for total risk management, backed by dedicated support, unlimited training, and guaranteed accuracy. With Ncontracts, your organization can be empowered to enjoy the upside of risk.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

People

FOUNDERS

Michael Berman

NUMBER OF EMPLOYEES

51-200

KEY EMPLOYEES:

CEO, FOUNDER: Michael Berman

employee: Michael Berman(CEO); Stacy Kilgore(CFO); Jonathan Goody(CSO)

BOARD MEMBERS AND ADVISORS:

C. Jason Payne, Tom Black, Tom Bell, Chris Cassidy, Michael Berman

INVESTORS:

Mainsail Partners

Momentum

FUNDED

YES

LISTED

NO