Contract Management

  • Enforce proper controls and policies

  • Trace audit trails and monitor compliance

  • Operate on the latest terms and conditions

  • Reduce “off-contract” spending

  • Reduce legal fees

  • Eliminate renewals of unwanted services

  • Improve forecasting

  • Have a more efficient contract life-cycle

  • Eliminate manual processes

  • Centralise your document repository

  • Allow access to the right people

 

The Solution

Web-enabled from the outset, there is immediate secure access to a central library of most commonly used terms and documents to assist with fast and accurate contract creation, from any location in both online and offline modes.

 

A simple to use, email-style interface provides a robust approval process for any key stakeholders within the system to create a fully audited process flow. Even complex approval submissions can be saved to reduce the time for subsequent transactions to be amended and authorised

Take a look at the issues surrounding Contract Management that CSG can address.

With our contract management solution administration is simple and allows you to securely manage and store your contracts with audit-compliant archiving. The user interface can be customised and new features can be added at any time to meet your specific requirements.

 

Full-text searches

Extensive full-text search functions provide quick and easy access to all contract database content. Content is automatically captured and indexed (OCR) during upload into the contract software.

 

Audit-compliant archiving

In addition to all contract documents and other important files such as addenda, revised versions or notices, and cancellations are archived for compliance. The contract archive also flags different versions or contract statuses and creates a contract history in chronological order.

 

Customisable user access

EASY CONTRACT employs a sophisticated approach to authorisation and user access. Customisable to fit specific scenarios – from a very pragmatic approach to complex access control.

 

Multiple companies in one system

Storage of contracts in the contract archive can also take place based on organisational hierarchies and corporate structures. Allocation of contracts according to a company’s organisational structure is not just an effective storage strategy, it also enables a parallel authorisation structure to make access to all contracts in the contract database visible.

 

System scalability

EASY CONTRACT is completely scalable based on organisational size. You can expand contract administration by adding optional reporting or controlling extensions, LDAP integration, ERP integration or workflow control. You can even enhance these extensions with custom programming services. This concept offers nearly unlimited possibilities for flexible adaptation.

 

Data encryption

Storage of contracts and related documents is secure and takes place at the storage location of an organisation’s choice. All files are stored with 256-bit encryption (AES process) for effective protection against unauthorised access.

 

Want to know more

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Having to remember contract deadlines is over

Many organisations face the challenge of managing their often mission-critical contractual relationships with both customers and suppliers using a limited range of tools that are fundamentally time consuming. These important contract documents are frequently held in multiple formats and many different locations making the already complex tasks of negotiation, compliance and renewal even more difficult to perform.

The Benefits of a contract management solution present themselves in many areas of the business. They are easily quantified to establish compelling business cases in organisations where no contract management solution exists or where an Excel spreadsheet or Access database plugs the gaps. The issue with these approaches is not only that they are old-fashioned, but that they lack integration to other systems like ERP or CRM; they lack organisational access, distribution, and don’t offer an alerting capability when important contract conditions are not met.

 

Risk Reduction

Proper controls and policies enforced

Traceable audit trails and compliance monitoring

Operating on the latest terms and conditions

 

Financial Optimisation

Reduced “off-contract” spending

Reduced legal fees

Eliminated renewals of unwanted services

Improved forecasting

 

Productivity / Operational Effectiveness

More efficient contract life-cycle

Eliminated manual processes

Centralised document repository

Access to the right people

 

Ensuring the contractually correct amount of revenue is recognised as early as possible can substantially impact an organisation’s bottom line. The resulting ROI is typically many times the cost of implementing and operating a contract management solution. Projects are usually completed in a very short time

 
 
 
 

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