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Contract Management Summary

• Contracts are the foundation of nearly all business relationships.
• Contracts are a staple of business, but poorly managed by most companies.
• Contract lifecycle management provides a systematic approach for improving contract
  performance and compliance.

Automation can accelerate contract management improvements by providing contract visibility, streamlining contracting cycles, mitigating risks, and maximizing performance and compliance.

Contract management software systems address the needs of corporate legal departments, government agencies, law firms and contract management professionals.

Contract management solutions should provide full contract lifecycle management functionality – including collaborative contract creation and negotiation, performance, compliance and risk management, amendment and renewal processing, and event management – preferably in a package that is completely web-based with no plug-ins required.

It should be a scalable and flexible solution that offers your company the ability to purchase only the required functionality, and add functionality in the future as requirements grow. This approach allows you to obtain a feature-rich contract management solution with a minimum investment that can then be scaled up to the enterprise-class functionality as requirements expand and budget permits.

Benefits of a Contract Management System

• Improve revenues
• Improve compliance
• Improve contract renewal rates
• Reduce material/service costs
• Reduce administrative costs
• Eliminate evergreen contracts
• Shorten contracting cycles
• Standardize processes and terms to mitigate risks, ensure proper approvals, enforce polices
• Analyze and maximize performance of contracts

List of Contract Management Software Providers

* www.procuri.com
* www.dicarta.com
* www.blueridgesoftware.bz
* www.imany.com
* www.ketera.com
* www.upsidecontract.com
* www.villanovau.com
* www.sap.com
* www.ascnet.com
* www.findaccountingsoftware.com
* www.arm-group.com
* www.upsidesoft.com

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