Risma Systems A/S marks another milestone in the continued development of RISMA's GRC suite. With the launch of a full Contract & Vendor Management solution, companies and organizations can now leverage additional benefits across all core business critical areas of governance, risk & compliance within RISMA. The Contract & Vendor Management solution helps customers structure, handle and document their ongoing work when managing contract renewals and expiration, delegating roles & responsibilities and much more. The key benefit of the solution is saving money and time. With increased efficiency and overview of all agreements and vendors in one place, companies do not have to spend time digging for their many economic and contractual commitments. However most important, they will get continuous alerts and reminders, so they never get caught in auto-renewals for services, they do not use anymore or perhaps should consider cancelling. In addition, the solution allows user to flag focus contracts, which need special attention within a given time frame, e.g., candidates for re-negotiation, poor supplier service, tender processes.