DORA Compliance Software
With Decision Focus, it’s as easy as it can be.
One cohesive compliance platform - covering all DORA demands
Decision Focus modern cloud-based GRC software helps organisations meet all the complex process and reporting requirements of DORA.
Our solution provides DORA project teams with a central repository of required DORA data for real-time performance monitoring, exception reporting and streamlined auditing.
Multi-discipline, multi-stakeholder, integrated assurance
Five modules collectively cover every aspect of your new DORA obligations: Enterprise Risk Management, Operational Resilience, Third Party Risk Management, Information Security Management and Policy Management.
Since all modules operate on the same integrated assurance platform using a single, shared repository, we provide an holistic DORA solution that serves all stakeholders simultaneously.
This helps to remove barriers between departments whilst facilitating data sharing. Because Decision Focus provides a no code, SaaS solution, it places no burden on your organisation’s IT resources and means you can implement our DORA solution within a matter of weeks, not months.
Operational Resilience
Our Operational Resilience module is designed to help you establish and continually validate your organisation’s capability to operate during periods of disruption.
Use our module to rank and validate products and services and measure the business impact of disruption to these products and services to determine Important Business Services ("IBS"). Our module allows you to determine which processes and resources support the IBSs, conduct tolerance analysis, dependency mapping, recovery strategies and resilience testing.
Addresses these DORA requirements
ICT Incident Management
Digital Operational Resilience Testing
Operational Resilience focuses on the resilience of your company’s products and services to disruption by internal and external factors. Fundamental to understanding this, is scheduling and executing scenario testing that considers severe, but plausible disruption scenarios, alongside the key processes and resources required to maintain the services within approved impact tolerances.
In the unfortunate event that a critical situation materialises, incident management provides an effective means for identifying, analysing and managing the response to a disruptive event.
Enterprise Risk Management
Decision Focus Enterprise Risk Management (ERM) module provides the understanding and oversight you need for more effective ICT risk-taking, mitigation and the ability to act on opportunities.
Working from one single repository – a single source of truth – provides a seamless, integrated experience for risk and control owners. Intuitive dashboards bring ‘all the right things together’ to help drive thought processes. Data analysis is streamlined and reporting structured, with critical data trends, tables and charts at your fingertips. Real-time performance metrics and exception reporting provide certainty and assurance to both your risk committee and stakeholders.
Addresses these DORA requirements
ICT Risk Management Framework
ICT Incident Management
Our ERM module provides a centralised capability for incident logging, analysis and reporting. DORA has introduced a very specific method for analysing the impact of incidents and we have upgraded the ERM module to cater for these.
Third-Party Risk Management
Decision Focus Third Party Risk Management (TPRM) module is a central repository of third parties and associated third party risk.
The module manages the entire lifecycle of third parties including due diligence, contract management and SLA oversight. It streamlines the gathering of critical data from third parties via a secure portal. The module allows you to reduce onboarding time for third parties and achieve faster completion of the due diligence process.
Addresses these DORA requirements
REGISTER OF INFORMATION
The register of information is the second area which places particularly onerous new obligations upon organisations falling within the legislation.
DORA defines the extensive information that you are obliged to record about your third party suppliers/vendors. You must be able to demonstrate that the correct information is held and how the data affects risk ranking.
Information Security Management System
Decision Focus Information Security Management System (ISMS) enables you to define and manage the controls your organisation needs to protect the confidentiality, availability and integrity of assets from threats and vulnerabilities.
The ISMS is designed to achieve and maintain compliance with ISO27001 or provide a framework for embedding the best practice described within the framework for organisations who do not seek compliance. With both DORA and increasingly complex requirements, which differ across geographies e.g., ISO, NIST, PIPL, NIS, many organisations need to comply with multiple requirements and understand where there is overlap. Data privacy often is connected within the same department but is a separate offering.
Addresses these DORA requirements
ICT Third-Party Risk Management
DORA requires organisations to recognise the risks inherent with thirdparty ICT providers. It sets guidelines for financial institutions to rigorously oversee and manage these risks.
This pillar demands a thorough vetting and managing process for thirdparty vendors. Institutions must ensure their partners adhere to DORA’s security standards and have robust risk management practices in place to maintain their operational resilience.
*ISMS In conjunction with our TPRM module above, cover both third-party and other ICT risks.
Policy Management
Our Policy Management module helps the governance of board policies and employee attestations to these policies.
You can create multiple readership groups to ensure the relevant population receives policies for review and view dashboards to provide oversight of end-user attestation. You have the capability to connect policies to controls and manage policy approvals, updates, version control and change history.
Addresses these DORA requirements
While we have highlighted the two key enhancements in rigor with DORA, a number of other areas require you to demonstrate compliance without specific reporting. This is where the Policy Management module comes in. The ability to clearly document your policies, show adherence to these by your employees and even policy change management is critical to full DORA compliance.