Overview

Very few businesses can maintain close control over myriad contracts and their execution. Enterprise Contract Lifecycle Management Solutions from Ultria centralize contract storage, track compliance across multiple dimensions, and reduce creation cycle time. Organizations must introduce a collaborative culture of contract management and bring together all contracting functions such as Sales, Legal, and HR, on a common platform. CLM tool’s integration with other enterprise systems like CRM and HRMS allows for a much smoother and scalable contracting process and even speeds up the RoI. This integration is about bringing Contract Management to the edge of the Enterprise.

Ultria can be configured to meet specific enterprise contract management objectives to influence business performance by:

Contract Lifecycle Management

Fostering collaboration at each stage of the contract lifecycle

Contract Lifecycle Management

Accelerating contracting processes
and enhancing compliance across
multiple legal and government
regulatory systems

Contract Lifecycle Management

Enhancing stewardship, security and continuity around important contract documents

Contract Authoring Software

For accelerated contract creation, negotiation, and approval, Ultria Contract Management Software comes with:

  • MS Word Integration – Contract Lifecycle Management Solution access from within MS Word
  • Configurable Templates and 3rd Party Template Parsing
  • Clause Library with Hints and Version Tracking
  • Flexible Review-Approval Workflows
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Contract Repository Software

For secured contract storage, search, and compliance tracking, we have enabled:

  • Wizard Based
  • Configurable / Personalized Dashboards
  • Highly Granular Repository Search
  • Reporting
  • Multi-parameter search
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Contract Post-Award Analytics Software

For optimum contract utilization and contract risk management, we have built:

  • Integration with Operational Systems Tight or Light

  • Thresholds and Triggers for Notifications

  • Risk Profiling

  • Contract Specific Modeling

  • Expandable for Party or Category Modeling

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Contract Management Solutions – Why Technology Helps

The entire contract journey from request to signoff to post-signoff contract management is riddled with ambiguity and errors, and consumes massive amounts of time and effort. However, with the right Contract Lifecycle Management (CLM) solution, this journey can be streamlined and optimized to achieve the maximum benefits.

DOWNLOAD WHITEPAPER

This whitepaper walks you through the contract lifecycle and explores how technology can be an enabler at each stage.

Key benefits of using Ultria Contract Management Solution

For accelerated contract creation, negotiation, and approval, Ultria Contract Management Software comes with:

  • Shortened cycle time for contract creation and execution
  • Reduced errors and increased legal and revenue team’s productivity
  • Cost benefits with accelerated revenue cycles
  • Higher visibility into contracts and contractual process
  • Improved compliance and control over contractual obligations
  • Enhanced Security
  • Increased collaboration among business functions

Resources

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