Enables better risk identification and risk management by providing visibility of your commitments.
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.
Helps you meet your commitments to your customers by providing visibility to these commitments and generating email reminders. Failing to meet key commitments puts you at risk of claims and litigation against your organisation.
Generates reports of upcoming contract events enabling better planning of resources.
Eliminates the lost time finding contracts. You won't have to search through multiple hard drives or dig through files and you'll reduce the risk of your contracts going missing. When your contracts are at hand in a smart contract repository, you'll be able to address the specifics with just a few clicks.
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 & the team to which they belong.
Is web based for quick deployment (1-3 days) and improved accessibility.
Provides an excellent ROI - renewing one extra contract will often generate more than 100% ROI.
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