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Overview
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Solution Providers
Overview
Contract Management systems enable an organization to manage and simplify contract management processes and reduce contract management time. These systems can streamline the entire contract lifecycle - from initial negotiation, creation/authoring, managing, searching, tracking and reporting. Contract management technology can enable an organization to realize negotiated cost savings, lower administrative and legal costs, assess and mitigate risk, eliminate maverick and redundant contracts and avoid missing deadlines and deliverables.
Most contract management systems offer the following features:
- Contract Negotiation - effectively negotiate contracts with collaboration tools such as redlining, history/audit trails and revision tracking
- Contract Creation - expedite the creation of contracts and enforce standards by providing personnel with libraries of contract templates, approved language, and alternative language
- Contract Workflow - automate contract lifecycle from creation and approvals to escalations and storage
- Contract Management - utilize contract alerts and "to-do" tools help ensure that contract renewals, important dates and obligations are not overlooked.
- Analysis and Reporting - powerful search and reporting functions allow you to query keywords and phrases, identify and retrieve contracts and create reports for distribution and use in management decisions.
- Central repository - maintain a complete electronic record of contracts, drafting notes and related data, access information from multiple locations, link and open contract files and images
Solution Providers
The following are leading contract management providers.
Company: Ariba
Product: Ariba Contract Management
www.ariba.com
Company: I-many
Product: I-many Contract Management
www.imany.com
Company: Nextance
Product: Nextance Contract Insight
www.nextance.com
Company: Upside Software
Product: UpsideContract
www.upsidesoft.com
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