Automated Contract Management
Contract management (CM) software is vital for managing your business relationships and getting the right system or software which can automate and simplify your processes, saving save time and money
An out-of-the-box Contract Management system will often meet the needs of business more effectively and cost effectively, than building a custom solution from scratch.
Contract Management software is designed for storing and managing legal agreements (such as contracts, leases and licensing agreements) with your vendors. Automated Contract Management is used to streamline admin tasks, reduce a businesses overheads and provide a single, unified view of each contract.
Contract management software can be used to manage the process from start to finish. The creation of a new contract request, capturing data relevant to the contact, document authoring, creating the contract and negotiation. The automated software will then follow the contract through its entire lifecycle, as it goes through each review and approval process. Relevant documentation is created and the ability to provide digital signatures makes the process more efficient.
Contract Management software provides companies with improved visibility on the status of specific contracts, it also facilitates ongoing tracking and reporting improving compliance.
EBC Group use the M-Files platform to deliver a fully automated Contract Management solution. It is a purpose-built, cloud based solution that enables the the creation, review and approval of contracts. It’s an out-of-the-box solution for contract automation which makes the whole process simple and cost effective by creating simple workflows which move contracts through their lifecycle. The software is flexible enough to suit a wide range of contract situations, meaning it’s relevant for all types of organisations.
Features and benefits
Contract creation & drafting
Internal review & approval
Contract termination & renewal
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