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Overview

Ultria Post Award Contract Management 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.

Post Award Contract Management Solution

Post Award Contract Management

Ultria Post-award Contract Milestone Management

Core Benefits of Post-Sign off Contract Analytics Solution

  • 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

Contract Authoring

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 Legal Contract Management Productivity

Performance Management

Expiry and Renewal Management

Audit Preparedness

Tracking and Managing Supporting Document

Resources

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