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Learn from the experiences of individuals who have engaged or deployed hundreds of contract management automation projects. Know all the "tricks" for procuring contract management software -
The automation of contract management is not a simple exercise - there are many facets that need to be considered - documents, terms, approvals, templates, clauses and more - and even more complicated is that these variables are constantly changing - you need to be able to manage to that.
Selecting a tool that can meet your requirements and can evolve with you, at the right economics, is the key to ensuring a successful deployment.
Apttus is a high profile, Silicon valley company who has "disrupted" the contract automation marketplace. Apttus provides world-class domain depth and capability in contract and proposal management.
Enjoy the whitepaper.
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Enterprise contract management is comprised of a number of fundamental process steps —
Initiate the contract process from a buying or selling process — define business terms and create a first draft.
Negotiate, redline and finalize contract terms. Ensure proper terms, clauses and controls are followed and managed to.
Create a contract record containing everything in a centralized repository.
Manage obligations and track performance against negotiated terms
Apttus' Contract Management Suite enables you to gain complete visibility and control of your contract process. It is easy to deploy and very easy to use. You gain benefits immediately - process control, risk management and high, immediate ROI.
Apttus is an on demand solution, which can be used for buyers, sellers or any contract functions.
Apttus delivers "on demand" applications - simply access the application from a web browser. No hardware, software and or installation required. Apttus utilizes Salesforce.com platform to deliver the application. Gain from applications that are functionally deep and are provided off a platform used by over 32,000 organizations today. Highly scalable, high performance and no IT investment required.
Apttus Contract Management Suite is comprised of modules encompassing both buy-side and sell-side solutions:
Modules can be "turned on" at any time and you can use what you need, when you need it.
Quickly generate an agreement by filling out fields in an internet form and submit - utilizes standard pre approved templates
Advantages:
• Reduces bottlenecks for legal who do not need to approve any agreements not violating predefined rules
• Facilitated easy access for trading partners resulting in rapid agreement creation
• Full visibility to anyone in your organization who needs to know
Draft and create contracts entirely in MS Word. Full contract creation, negotiation and versioning capabilities.
Advantages:
• Users don't need to learn a new interface - simply use Word and the application takes care of everything else
• Leverage all the power features in the application directly in word - clause libraries, business terms etc
• Full approval and process management so you can manage and document exceptions
A repository allowing for complete storage and retrieval with advanced compliance management, searching, reporting and dash boarding capability.
Advantages:
• One central repository for everything - contracts, documents, tasks, obligations, reports, dashboards etc
• Ensure you don't miss a renewal, milestone or any obligation
• Drill down report and dashboard capability allowing you to identify root causes
Supplier Manager allows for supplier tracking and management and supplier performance tracking.
Advantages:
• Supplier Database enables the capture of any type of supplier data either directly or through integration with other systems
• Ensure your suppliers are performing and no redundancy is taking place with them
• Strong ROI by identifying duplicated contracts or suppliers
• Strong dashboarding allowing for the tracking of individual suppliers overall performance
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