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.

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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

Make content creation easy with pre-built contracts and content locking helping to prevent inaccuracies.

Internal review & approval

Internal processes are made simple, thanks to features such as intuitive singing orders and auto reminders for when contracts are waiting.

Contract Management

Amendments, attachments and other related documents can be linked to contracts, with dashboards tracking statuses and milestones.

Contract Negotiation

Includes all actions that follow a contract including, sending contracts to 3rd parties directly, and using outlook for editing & saving and keeping track of versions.

Contract signing

e-signature software ensures each signature is secure and legally binding, saving time on obtaining a physical signature.

Contract termination & renewal

Automate manual renewals and archive processes, with proactive alerts on expiration dates meaning you never miss an opportunity.
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