Gain Global Visibility
Enterprise contract management enables better business decision making for the enterprise by instantly providing visibility and access to the intelligence held within the contract portfolio. Instantaneous search and retrieval alleviates frustrations resulting from contracts scattered across lines of business.
Risk is inherent to business but understanding where risk and exposure exists is critical to understanding the business. Enterprise contract management enables enforcement of controls to standardize contract language and terms – and gives the contracting manager’s information on where exposure exists, helping to actively mitigate risks.
Track compliance to regulations affecting enterprises across the globe in every industry that require complete oversight of the contracting process. Ensure terms and conditions that were agreed to during negotiations are being complied with once the contract is active.
Allow teams to bring their own expertise to each stage of the contract lifecycle enabling increased collaboration across the enterprise by automating the contract lifecycle and enabling exception — based approvals while still maintaining corporate governance.