Ncontracts Experiences Another Record Year as Demand for Vendor, Compliance & Risk Management Solutions Accelerates

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Ncontracts, the leading provider of integrated compliance, risk, and third-party management solutions to the financial services industry, realized record growth last year amid increasing demand for its risk and compliance management software.

Ncontracts combines unrivaled industry expertise with the latest technology to provide the industry’s most effective and comprehensive integrated risk management and compliance solutions, backed by unmatched service and support. As a result, the company has seen record-breaking growth, including a 130% increase in revenue over the last three years. Ncontracts was named to the Inc. 5000 list for a sixth consecutive year and to the Nashville Business Journal’s prestigious Fast 50.

Supporting its growth are the new industry endorsements it received in 2024. Ncontracts was selected by The Independent Community Bankers of America (ICBA) as its newest Preferred Service Provider (PSP) and announced its new relationship with the American Bankers Association’s Partner Network as a Premier Partner.

Ncontracts formed an agreement with America’s Credit Unions for the promotion of Ncontracts’ full suite of time and cost-saving risk management solutions including Ncomply, which is a compliance management system.

Ncontracts was also endorsed by the Virginia Bankers Association (VBA) for its risk management software, including Nrisk, Nvendor, Ncontinuity, Nfindings, and Ncomply, and its new online certification program, Nstitute. It’s the company’s 11^th state endorsement.

Further enhancing its position as a software-as-a-service (SaaS) and knowledge-as-a-service (KaaS) leader in enterprise risk management, Ncontracts acquired Venminder, a unified platform for managing third-party risk. The acquisition gives Ncontracts more depth and expertise in third-party risk management. Additionally, Ncontracts launched its new AI-powered Ntelligent Contracts Assistant module, reducing hours of arduous contract reviews into just minutes, and N1071 to help lenders comply with new small business lending data collection and reporting requirements.

To support strong demand, Ncontracts continues to expand its team, now boasting more than 450 employees. Notably, the company welcomed Brian Lapidus in 2024 as its Chief Revenue Officer to accelerate the company’s growth. Ncontracts continues to be a top employer and has been included as a Top Workplace by USA Today for the past two years and The Tennessean for four years in a row.

Ncontracts also announced the release of a new book, The Upside of Compliance: Empowering Financial Institutions to Thrive. Authored by Ncontracts’ VP of Compliance, Stephanie Lyon, and founder and CEO Michael Berman, The Upside of Compliance builds on the previous book, redefining compliance as a strategic asset that can drive growth, build trust, and provide financial institutions with a sustainable competitive advantage.

"This was a record-breaking year for Ncontracts and a testament to the increasing recognition of risk and compliance management as critical strategic functions,” said Michael Berman, founder and CEO of Ncontracts. “As the industry becomes increasingly complex, we're proud to provide innovative solutions that not only ensure compliance but also drive growth and a competitive advantage. Supported by a world-class team, we're excited to continue empowering financial institutions into the new year ahead."

Delivering the technology, knowledge, and support financial institutions need to remain competitive, compliant, and in control, Ncontracts’ mission is to continually improve its clients’ ability to manage risk and compliance. Since 2020, the acquisitions of BankIntranets, QuestSoft, Onsemble, Quantivate, and Venminder have positioned Ncontracts as the clear industry leader in risk, compliance, vendor management, and employee productivity, now serving more than 4,500 financial institutions.

About Ncontracts

Ncontracts provides integrated risk management, compliance, and third-party risk management solutions to over 5,500 organizations worldwide, including 4,500 U.S. financial institutions, mortgage companies, and fintechs. The flagship Ncontracts IRM suite combines AI-powered software with expert services, helping financial institutions streamline risk and compliance management through an intuitive, cloud-based platform. Ncontracts’ Venminder solution is trusted by enterprise financial companies and other large organizations to strategically manage third-party risk across the entire vendor lifecycle.

Visit www.ncontracts.com or follow the company on LinkedIn and X for more information.