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Contract Management Packages
The Contract Management Solution is offered in multiple packages to meet the varied needs of enterprises of all sizes, allowing them to seamlessly expand their solution usage over time.
Contract Management - Basic
Provides repository capabilities to streamline contract creation and gain full contract portfolio visibility
• Contract Establishment
• Contract Process Management
• Contract Document Management
• Contract Workflow
• Contract Amendment
• Contract Hierarchies
• Repository Search
• Expiration Alert
• Contracts Reporting
• Improved Online Documentation
• Active Compliance: Enforcement of Contract Pricing and Terms on Transactions in Real Time
• Historical (Passive) Compliance: Based on Past Spend Transactions
Contract Management – Professional
For organizations needing to closely manage contract authoring, with more control over language, clause usage and editorial processes
• Template Library
• Clause Library
• Main Agreement Management
• Clause “Where Used” Search
• Smart Workflow and Approvals
• Contract Pricing Structure
• Milestone-Based Contracts
• Preload Accumulators
• Real-Time Procurement Enforcement
SOLUTION BENEFITS
The Contract Management Solution is a comprehensive, enterprise-wide, easy-to-use web-based solution that empowers professionals in all business functions of the organization to achieve the following benefits:
• Enterprise-wide management of all contract functions (including buy-side and sell-side)
• Improved negotiation effectiveness
• Identified revenue opportunities and prevented revenue leakage
• Realization of negotiated cost savings
• Standardized contract processes and approvals
• Lower administrative and legal costs
• Reduced operating and regulatory risk
• Increased revenue through optimized value with customers
• Centralized contract repository
• Elimination of maverick and redundant contracts
• Avoidance of missed deliverables and milestones
• Improved customer and supplier performance
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