Demand for GRC Solutions Backed by Industry Experts Propels Ncontracts to Strong Growth in 2022
BRENTWOOD, Tenn., Feb. 14, 2023 – Demand for knowledge-as-a-service (KaaS) and governance, risk, and compliance (GRC) solutions and services catapulted Ncontracts to strong growth in 2022.
Despite economic uncertainty and increasing industry challenges, Ncontracts saw significant growth, with a 30% revenue increase and the addition of 218 new customers. With more than 4,000 financial institutions, mortgage companies, and fintechs relying on Ncontracts for their risk and compliance needs, the company is well-positioned for continued growth in 2023 as the regulatory landscape becomes more complex.
To support demand, Ncontracts invested in talent by expanding its employee headcount and executive team, including the appointments of Matthew Peace as Chief Financial Officer, Shawn McKee as Chief Marketing Officer, Michelle Amato as Chief Sales Officer, Melissa Outlaw as Chief Customer Officer, and Cathy Guthrie as Chief Human Resources Officer.
"The need for integrated compliance and risk management solutions is becoming increasingly clear, and we are proud to have experienced strong growth in 2022," said Michael Berman, CEO of Ncontracts. "With cutting-edge technology and a dedicated team, our mission is to help organizations navigate the complex risks of today's operating environment. We look forward to continued growth and supporting our industry."
Ncontracts' exceptional team and solutions were recognized in 2022 with several awards for workplace excellence, including being named a Top Workplace for Culture Excellence, a Top Workplace by The Tennessean for a second year, and featured on Inc. Magazine's Annual Best Workplaces list. The company was also named to the Inc. 5000 list for the fourth consecutive year, solidifying its position as a leader in expert-backed RegTech solutions.
Ncontracts was also invited by Finovate 2022 to demo its Enterprise Risk Management (ERM) system, showcasing how financial institutions and fintechs can work together safely and profitably.
With the introduction of Ncontracts Risk Performance Management (RPM) Suite in January 2023, combining its industry-leading solutions for risk, compliance, vendor, and findings management, Ncontracts expects continued demand and growth in 2023.
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