Contract Management Solutions standardizes contract negotiations, drafting, review, and approval, giving you greater control and efficiency at every stage of the contract life cycle.
All businesses are built on contracts. Yet the contract process is typically full of inefficiencies that cause friction between departments, like legal and sales. It can be confusing and prone to errors and miscommunication. As companies face increasing auditor scrutiny, it is also now more important than ever to ensure compliance with contract terms and to prevent against conflicting clauses across contracts. Simply put, insufficient contracting processes can leave an organization vulnerable to significant risk.Contract Management Solutions can shape your business’s contracting process to maximize value and efficiency while taking steps to eliminate various sources of risk. Contract Management Solutions provides a standardized collaboration platform and introduces much-needed controls around every phase of the contract life cycle on both the buy and sell sides of the contracting process.Contract Management Solutions offers:Greater efficiency at every stage of the contract life cycle. Stay on top of auto-renewals and take advantage of incentives offered in terms by automating terms execution and standardizing your clause library. Give sales the freedom to draft standard contracts… and give legal freedom from daily support requests.Centralized storage and tracking for greater visibility and better terms compliance. By centralizing contract storage, standardizing contract clauses, and offering advanced reporting capabilities, Contract Management Solutions makes the entire contract life cycle transparent, collaborative, and clear.Improved collaboration capabilities and robust access controls. Assign granular access rights by user or user group to ensure your contracts and associated data are secure while improving collaboration with centralized review process.Cloud-based or on-premises deployments. Contract Management Solutions partners with the most secure hosting providers to reduce your cost and burden on your IT organization.