A successful contract management deployment can be elusive. Without a detailed plan for a workflow management system, your new purchase could quickly become just another cumbersome system. Our roadmap is designed to avoid this; it’s based on years of experience and revolves around three key objectives.
Centralise contracts and committals
Your entire organisation will benefit from an accessible, centrally-located repository for contracts, committals and agreements. This is the critical first step to provide real-time visibility to users across all levels and divisions. Standardisations are definable by your business processes.
Streamline contracts and committals
By clearly defining policies for contract management, you can realise higher productivity and timeliness in preparation, execution and maintenance. Contract Insight’s clause library and contract templating sets up pre-approved contract language and term libraries. This streamlining helps you eliminate non-standard language, vastly mitigating your exposure to unnecessary risk.
Automate contract-related processes
Contract Insight’s integrated reporting and analysis tools allow you to manage your contracts in every stage of the lifecycle. By automatically capturing data upfront, you can ensure accuracy of information, and eliminate manual processes to reduce time to completion. User-based decisions from separate and incomplete spreadsheets will no longer be roadblocks.
Very quickly, tasks associated with the creation and maintenance of your agreements can be automated into your business system. This will ensure accurate, timely delivery of information to users who need it, with the tracking to know precisely where a contract is in its lifecycle.