There may be occasions when Senior Manager functions or other core responsibilities need to be outsourced to a third party. Corterum can help you to track and manage those occasions. Here's how:
Click WORKBENCH and then click DATASETS.
Then click SM&CR.
Then choose Senior Managers Regime.
Then click on Outsourcing.
You'll then be presented with three options:
Outsourcer due diligence - where you'll record the checks you've made on the third party outsourcer. This is also where you'll record risk assessments done on the third party.
Outsourced functions - where you'll record which functions have been assigned to which third party provider.
Outsourcing contracts - where you can record the detail of the contract between you and the third party provider.
NB - To create any kind of outsourcing record you'll need to set the third party provider up as a BUSINESS within Corterum. If you need a reminder on how to do this - here's the information.