Financial Services

Due to liquidity restraints and cost-cutting concerns, the Financial Services companies must ensure real-time visibility into budgets and costs by optimizing resources. Increased scrutiny by regulations such as the PATRIOT Act, OSFI, and BSA/AML also demands complete control over contracts.

Ultria CLM—Enterprise Contract Management Software—enables Financial Services organizations to streamline all contracting processes, reduce risks, and design a better compliance management framework:

  • Track data comprehensively to ensure all compliance documents such as those for CFPB and OSFI are valid.
  • Maintain audit trail for all the changes made to professional service agreements, confidentiality agreements, independent consultant agreements.
  • Author error-free and all-inclusive contracts using preapproved clause and template libraries; automate onboarding of clients, brokers, advisors.
  • Gain visibility into contractual obligations and milestones to ensure adherence to the scope of work and meet delivery timelines and budgetary expectations.
  • Store and manage contracts within a searchable and secure repository.
  • Grant user and folder-based access for confidential contracts and compliance documents.
  • Establish standardized workflows with multiple reviewers and approvers, as required.
  • Generate reports to increase transparency.

These benefits are just the tip of the iceberg.
To learn more about how Ultria CLM can help your organization, you can engage with us,