The Telecommunication industry is facing various challenges to keep up with the stringent compliance requirements for FCC, FCPA, and data privacy regulations like GDPR. Internet of Things has further enhanced the need to monitor newest security threats and keep up with the new compliance requirements.
Ultria CLM—Enterprise Contract Management Software—enables Telecommunication 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 GDPR, FCC, and FCPA are valid.
- Track SLAs and MARCs with business clients to monitor T&Cs for service outages, revenue commitments, data usage and bandwidth, etc.
- Leverage preapproved clause and template libraries to author error-free contracts with customers, resellers, content and media providers, etc.
- Maintain an audit trail for all the changes made to your contracts, SLAs, and MARCs.
- Create, store, e-sign, and manage all contracts within a searchable and secure repository.
- Establish standardized workflows with multiple reviewers and approvers, as required.
- Generate reports to increase transparency.