Contract Lifecycle Management

Contract management software is a key to improving your customer and supplier management processes, automating and centralizing all contract management functions, reducing financial risks and increasing revenues.

How you create, negotiate and manage customer and supplier contracts has a big impact on costs and sales revenue growth.

Benefits

Cyscom’s Contract Management solution provides full contract lifecycle management functionality from creation and approval, through milestones and change processes, and finally to expiry or renewal.

It includes collaborative contract authoring, negotiation, performance, compliance and risk management, amendment and change processing and records management – and reminds you when contractual obligations need to be delivered through on-screen notifications and email reminders.

Contract Repository: the CM solution provides you with an online contract repository with highly definable, role based permissions and controls that ensure contracts and individual clauses are visible or editable to only approved users.

Manage Contracts: automate and control all the administrative process during the contract lifecycle, including final negotiations, document changes and markup, and approvals from both internal and external users (suppliers or customers).

Manage Records: control documents through detailed, extensible policy management, specify retention period and expiration actions, and track content through document-auditing settings.

Manage Content: execute, monitor, manage rules, ensure use of standardized contract templates and clauses, automate business activities with workflows.

Reporting and Analytics: predefined analytical reports to examine contract usage and change approvals throughout the enterprise via an interactive and drill down dashboard

Integration: to ensure a high rate of internal adoption and ease of use, CM is integrated with MS Word and Office system to ensure easy creation of contracts

Key features overview

• Enterprise wide contract repository that stores all contracts in a single centralized location
• Powerful search capabilities to quickly find a single contract or a collection of contracts for reference or research.
• Activity logs to enable contract audits and complete audit trails of contract changes.
• Comprehensive role based permissions ensure contracts and terms are available only to approved users.
• Online contract authoring with integration with Microsoft Word and Windows SharePoint Services Shared Workspaces for internal (employees) and external (customer/supplier) users to collaborate and approve contracts with configurable workflows.
• Supports all the stages of contract life cycle management – creation, activation, analysis and compliance, changes and renewals, reports, alerts and reminders.
• Dashboard to present actionable information to users on pending contracts management activities.