contract management software
Contract Management SoftwareContracts are the foundation of any modern business enterprise. They dictate every aspect of key business relationships including pricing, payment terms and expected service levels. Managing these contracts at both the corporate level and the detail level is a daunting task, particularly for Global Two Thousand enterprises that maintain thousands of active contracts.
Companies with strong contracts and contract management are more likely to capture revenue opportunities, and actively enforce compliance and mitigate risks, have better supplier and vendor relationships, Effective contract management delivers straight to the bottom-line.
Contract Management Software delivers immediate impact to your business-
Actively Track Obligations – Track commitments and obligations throughout the contract lifecycle, delivering better service, revealing exposure to risk and uncovering opportunities for savings.
Gain Global Contract Visibility – Make better business decisions for the enterprise by instantly gaining visibility and access to the intelligence held within the contract portfolio.
Ensure Compliance – Enable negotiators and systems to leverage the latest business intelligence to enforce standards for enterprise-wide compliance.
Define and Manage Risk – Enforce controls to standardize contract language and terms—and give contracting managers information on where exposure exists, helping to actively mitigate risks.
Increase Productivity – Increase legal and procurement team productivity by automating the contract lifecycle and enabling exception-based approvals while still maintaining corporate governance.
Accelerate Time to Closure – Streamline and expedite contract closure by shortening contract creation, negotiation and approval stages.
Emptoris Contract Management is consistently recognized by independent research firms as one of the market’s most robust and successful contract management solutions. With more than 350 Global 2000 customers, Emptoris has proven its value in some of the world’s most demanding and complex environments.
Personalized Contract Homepage – Gain visibility into all contracts, tasks, searches and reports in a personalized homepage. Initiate, review and approve contracts or view reports simply and quickly.
Central Contract Repository – Maintain a single, central repository with easy access to all quotes, proposals and related contracts and a full, accurate view of existing commitments.
MS Word Integration – Leverage the Contract Interview Wizard to allow casual users to easily assemble or author contracts; and allow users to work directly in Microsoft Word® while maintaining contract integrity and controls.
OPP Support – Manage contracts using customers’ standard form language (i.e. other people’s paper) and route contracts with non-standard language for proper review and approval automatically.
Mobile Contract Management – Manage contracts on the go from any Smartphone or Tablet device. Key stakeholders can review and approve contracts or view vital reports anywhere at any time.
e-Signature Integration – To accelerate contract execution, electronically sign contracts in Emptoris Contract Management’s own e-signature solution or through available adapters for Echosign® and Docusign.
Automatic Contract Renewals – Generate renewal quotes automatically prior to contract expiration in order to maintain services, supplies and revenues.
Simple yet Powerful Search – Fully configurable robust search capabilities provides visibility across the repository enabling quick access to information held within the contracts. Quickly create Lite-Reports for fast and simple reporting on contract events and milestones.
Obligation Management – Actively manage the commitments negotiated in contracts to ensure all parties honor their obligations and that terms and conditions are fulfilled throughout the life of the contract.
Robust Contract Reporting – Leverage robust standard and custom reports built on SAP BusinessObjects to track contract compliance and performance, monitor trends in contract processes and measure key performance indicators .
