Method and system for managing contractual risk

A contractual risk management system comprising:

• a receiving means for receiving information related to a contract, wherein the contract information includes an indication of one or more risk variations in the contract;
• an identifying means for identifying an approver for a variation;
• a coordinating means for coordinating reception of the approval of the variation;
• and
• an approval means for indicating approval of the contract.

A contractual risk management system in a risk management computer comprising:

• a definition component for receiving information related to a contract from a user on a user computer, the contract information including an indication of one or more risk variations in the contract;
• a database for storing the contract information;
• a contractual risk component that identifies an approver for at least one risk variation;
• a coordination component that coordinates reception of approval of at least one risk variation by the identified approver;
• and
• an indication component that indicates approval of the contract when all required approvals have been received.

A computer-readable medium whose contents cause a computer to assist managing risk of a contract by a method comprising:

• receiving information relating to the contract, the information including one or more risk variations in the contact;
• identifying an approver for at least one risk variation;
• coordinating reception of approval of at least one risk variation by the identified approver;
• and
• when all approvals have been received, indicating approval of the contract.

A method in a user computer for managing risk of a contract, the method comprising:

• receiving information relating to the contract, the information including one or more risk variations in the contact;
• approving one or more risk variations to the contract, wherein the user has authority to approve at least one risk variation to the contract;
• and
• transmitting an indication of the one or more approved risk variations to a server computer, the server computer being adapted to coordinate the reception of approvals of the variations.

A method in a computer system for managing risk of a contract, the method comprising:

• receiving information related to the contract, the contract information including an indication of one or more risk variations in the contract;
• storing the contract information;
• identifying one or more risk factors associated with each risk variation;
• identifying one or more premises associated with each risk factor;
• receiving a request for a risk report;
• generating a risk report, wherein the risk factor report includes at least part of the contract information and an indication of the risk factors and premises associated with the contract;
• and
• transmitting the risk report.

A computer-readable medium whose contents cause a computer to assist managing risk of a contract by a method comprising:

• receiving information related to the contract, the contract information including an indication of one or more risk variations in the contract;
• storing the contract information;
• identifying one or more risk factors associated with each risk variation;
• identifying one or more premises associated with each risk factor;
• identifying one or more approvers for each risk variation;
• receiving a request for a risk report;
• generating a risk report, wherein the risk factor report includes at least part of the contract information and an indication of the risk factors and premises associated with the contract;
• and
• transmitting the risk report.

A contractual risk management system comprising:

• a receiving means for receiving information related to a contract, the contract information including an indication of one or more risk variations in the contract;
• an identiying means for identifying one or more risk factors associated with each risk variation and for identifying one or more premises associated with each risk factor;
• a report means for generating a risk report;
• and
• a transmitting means for transmitting the risk report.

A contractual risk management system comprising:

• a definition component for receiving information related to a contract, the contract information including an indication of one or more variations to the contract;
• a database for storing the contract information;
• a contractual risk component that identifies one or more risk factors associated with each variation, wherein the contractual risk component also identifies one or more premises associated with each risk factor;
• and
• a risk report component that generates a risk report, wherein the risk report includes at least part of the contract information and an indication of the risk factors and premises associated with the contract.

A method in a user computer for managing risk of a contract, the method comprising:

• transmitting to a server computer information related to a contract, the contract information including an indication of one or more risk variations in the contract;
• wherein the server computer identifies one or more risk factors associated with each risk variation, and wherein further the server computer identifies one or more premises associated with each risk factor;
• and
• receiving a risk report, wherein the risk factor report includes at least part of the contract information and an indication of the risk factors and the premises associated with the contract, and wherein further the risk report includes an indication of the approval status of at least one risk variation, the server computer being adapted to coordinate approvals of the variations.

A method in a computer system for managing risk of a contract, the method comprising:

• receiving information relating to the contract, the information including one or more risk variations in the contract;
• identifying risk guidelines and parameters, the risk guidelines and parameters being associated with an organization and with one or more risk variations;
• determining a description for each risk guideline and parameter;
• and
• generating a report summarizing the one or more risk variations in the contract and risk guidelines and parameters associated with the one or more risk variations, the report also describing each risk guideline and parameter included in the report.