DORA Explained
The Digital Operational Resilience Act (DORA) is a regulatory framework introduced by the European Union to strengthen the IT security and operational resilience of financial institutions and their third-party service providers. Effective from January 2025, DORA mandates that financial entities and their suppliers adopt stringent risk management measures, ensuring the security and stability of digital infrastructure across the financial sector
What Does This Mean for You?
In simple terms, if you're a financial institution, you need to ensure compliance with the new DORA regulation. This includes: ​
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Supplier Compliance Risks – Ensuring that all third-party service providers meet regulatory standards.
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Procurement Complexity – Managing vendor contracts, risk assessments, and compliance reporting.
Operational Disruptions – Identifying and mitigating risks associated with IT service failures or cyber threats.
Regulatory Penalties – Avoiding fines and reputational damage due to non-compliance.
If your procurement team is struggling with these challenges, failing to act could expose your business to compliance risks and operational vulnerabilities.
How We Can Help
Being a specialist consultancy, Procurement has always been a core of our business, generating value from industry-specific procurement improvements. We ensure your organisation, and its suppliers meet DORA requirements efficiently. Our services include:
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Supplier Risk Assessments – Evaluating third-party service providers for compliance with DORA.
Contract Compliance Audits – Reviewing existing agreements to identify gaps and risks.
Procurement Process Enhancement – Implementing robust supplier selection, onboarding, and monitoring frameworks.
Template & Policy Implementation – Providing standardised compliance templates, due diligence checklists, and reporting tools.
Ongoing Supplier Oversight – Establishing governance frameworks for continuous compliance and risk mitigation.
We bring:
Deep Procurement Expertise – Years of experience optimising supplier contracts, risk management, and compliance.
Regulatory Knowledge – A clear understanding of DORA and how it impacts third-party vendors.
Tailored Solutions – Custom strategies that align with your business model and operational needs.
Proactive Risk Mitigation – Helping you stay ahead of compliance risks before they become costly issues.
Brands That Trust Us
Why Work with Us?
We are more than just consultants – we are industry experts who have been in your shoes. Having a 10-year successful track record of helping Procurement experts achieve their targets, we always deliver data-driven insights and support our clients with both tactical and strategic activities