Contract Lifecycle Management

Emptoris Contract Management supports each stage of the contract lifecycle from initial contract assembly through execution and renewal.

• Contract Initiation and Assembly – Simplify contract creation and construct contracts that accurately represent corporate objectives with the appropriate metadata, language and business terms.
• Negotiation and Approvals – Define and streamline approval workflows to allow stakeholders to easily collaborate and refine contract language to meet the requirements of each relationship.
• Auditability and Accountability – Capture the complete history of the contract throughout the contract process—including all edits and revisions – to create an infrastructure to comply with regulatory and internal requirements.
• Commitment and Obligation Compliance – Track and report on commitments and obligations post execution and throughout the active life of the contract.
• Revenue/Spend Optimization – Complete lifecycle tools automate initiation of contract renewals or review processes to ensure that expiring contracts are renewed on time.
• Transaction to Contract Compliance – Advanced business analysis tools ensure that total contract value is attained and maintained during the active life of the contract.

Discover How Emptoris Contract Management Improves Performance