Contract Post-award Analytics

For optimum contract utilization, compliance tracking, and risk management

Overview

Ultria CLM integrates with CRM, ERP, HRM, and FIM systems to provide real-time insights into contract performance and utilization. It helps mitigate risks associated with erroneous contract terms, non-enforcement of clauses, and missing of contractual obligations. The tool also offers AI-driven risk prediction capability based on clauses used, past performance of similar contracts, and historic data of contracting party.

Contract Post-award Analytics

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Performance management

Ensure contract value generation and risk mitigation with the ability to automatically track contract utilization and performance.

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CRM and ERP integration

Get a more holistic view of contract performance and its impact on business by Ultria CLM’s integration with external databases and systems such as CRM, ERP, CPQ, and BI tools.

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Obligation management

Stay on top of contracts with comprehensive obligation management capabilities. Track and enforce penalty clauses, identify cross-sell and up-sell opportunities easily. Delegate the task of tracking specific metrics of a contract to specific users.

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Risk profiling

Predict supply and security risks by quantitatively assessing customer and vendor performance. Get AI-driven risk prediction based on clauses used, past performance of similar contracts, and historic data of contracting party.

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Renewal Management

Increase visibility into contracts and their expiry/ renewal dates with alerts and reminders. Generate reports to track renewals and export them to a format of your choice. Delegate expiry / renewal management to specific users, removing any ambiguity around ownership.

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Regulatory compliance

Store contracts and supporting documents in repository and maintain audit trail. Use clause-level tracking to identify and track contracts to ensure (for example) that all contracts with EHS (Environmental, Health & Safety), or other compliance-related clauses have supporting, valid documents.

Ultria CLM Post-signoff Contract Management

Core Benefits of Post-Signoff Contract Management

  • Identify and correct contract non-performance
  • Use data from existing contracts to build more robust contracts in future
  • Renew only high performing contracts
  • Enforce (and avoid) penalties
  • Leverage volume level discounts
  • Identify supplier consolidation opportunities
  • Threshold trigger notifications for revenue optimization or renegotiations - Entitlement tracking
  • Minimize revenue leakage - Use CLM to “back-up” the CRM & OM process
  • Search for contracts and supporting documents
  • Maintain audit trail
  • Ensure supporting documents are valid
  • Predict supply and security risks—quantitatively assess customer and vendor performance
  • Predict risks based on clauses used, past performance of similar contracts, and historic data of contracting party
  • Heightened visibility throughout
  • Active measurement of contractual obligations
  • Tracking key performance indicators, and
  • Providing visibility into regulatory compliance

Ultria CLM Fulfils Strategic Goals and Operational Objectives of your Organisation

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Strategic Goals

Efficient Contract Authoring

Optimization of Internal Resources

Increase Profitability and Minimized Revenue Leakage

Ensuring Compliance

Operational Objectives

Easy and Accelerated Drafting

Standardized and Error-free Contract Language

Integrated with other enterprise system

Enhanced Productivity of Construction Functions

Performance Management

Expiry and Renewal Management

Audit Preparedness

Tracking and Managing Supporting Document

Resources

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