Post Award Contract Management
For optimum contract utilization, compliance tracking, and contract risk management
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
Improve post award contract rights management, ensure contract value generation and risk mitigation with the ability to automatically track contract utilization and performance.
CRM and ERP integration
Get a more holistic view of contract performance and its impact on business by Ultria's contract integration with external databases and systems such as CRM, ERP, CPQ, and BI tools.
Obligation and contract milestone 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.
Predict supply and security risks by quantitatively assessing customer and vendor performance through Ultria Post Award Contract Management Solution. Get Artificial Intelligence (AI)-driven risk prediction based on clauses used, past performance of similar contracts, and historic data of contracting party.
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.
Store contracts and supporting documents in repository and maintain audit trail. Use clause-level contract tracking software to ensure (for example) that all EHS (Environmental, Health & Safety) or GDPR contracts, or other compliance-related clauses have supporting, valid documents.
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
Efficient Contract Authoring
Optimization of Internal Resources
Increase Profitability and Minimized Revenue Leakage
Easy and Accelerated Drafting
Standardized and Error-free Contract Language
Integrated with other enterprise system
Enhanced Legal Contract Management Productivity
Expiry and Renewal Management
Tracking and Managing Supporting Document