Provides a reliable means of managing contracts to meet any governance requirements. The US Sarbanes-Oxley Act of 2002 (SOX) is a hot topic for companies and their executives globally. SOX requires companies to properly manage and be able to report on their contractual relationships.
Enables better risk identification and management by providing visibility to your commitments.
Helps you meet your commitments to your customers by providing visibility of these commitments and generating email reminders. Failing to meet key commitments puts you at risk for claims and litigation against your organisation.
Minimises your avoidable drop in revenues due to the termination of customer contracts. Email reminders will ensure the sales team are well prepared to secure ongoing business prior to termination.
Generates reports of upcoming contract events enabling better planning of resources.
Is able to be used to provide a view of all contracts and their status through negotiation, implementation, or in litigation.
Provides a visible means of ensuring adherence to corporate policies and procedures such as using consistent liability provisions.
Enables the capture and recall of all key documents relevant to any customer contracts such as emails, amendments, etc.
Includes security features ensuring only those who need to access or use the system are permitted to do so based on their role and the team to which they belong.
Is web based for quick deployment (1-3 days) and improved accessibility.
Provides an excellent ROI - renewing one additional contract will often generate more than 100% ROI.
Governance
