Achieve Portfolio Visibility
Gain an awareness of the "health" of your contract lifecycle: approved terms, conditions usage, and agreements modified from standard - and locate and understand process bottlenecks. Through Emptoris Contract Management automation, organizations can increase visibility and report on every aspect of the contract's lifecycle.
- Enterprise-wide contract repository: All types of contracts are instantly accessible. Clear picture of contractual obligations and commitments. Search on any term or variable in any contract or group of contracts.
- Extensive library of contract building blocks: Use metadata, language and business terms to create the proper foundation and enable contracts to accurately represent corporate objectives.
- Renewal and event management: Ensures predictive notification of material events in buy and sell-side contracts. Insight into opportunities to increase revenues and reduce costs.
- Consolidated Contracts: Centralized contracts across business units, geographies, commodities and customers: Gain leveraged buying power and identify areas of increased risk.
Improve Contract Process Efficiency
With powerful authoring and negotiation tools, Emptoris Contracts Management allows users to leverage standard Microsoft® Word to create contracts from pre-approved clause and term libraries in a pre-determined structured template while still maintaining the controls of the contract management solution.
- Task Delegation: Ensure that no approvals fall through the cracks or create delays by delegating those approvals.
- Parallel Approvals: Eliminate the holdup caused waiting for approvals and accelerate the contracts process, improving efficiencies without loss of control.
- Adherence to business standards: Establish baseline for language, terms and pricing to maximize business opportunity and minimize risk. Contracts can be assessed and assigned a risk value.
- Comprehensive policy and business controls: Eliminates the opportunity for rogue contracts. Any deviations from standards are flagged and approvals are dynamically rerouted.
- External parties paper (EPP): Integrate and negotiate external party paper without losing context and visibility into terms and conditions with immediate clause mapping directly into authoring tool.
- Infused MS Word controls: Utilize most common platform for contract creation. Controls travel with contract document through creation and negotiation process. Manual authoring, redlining and tracking of changes is eliminated.
- Multi language support with side-by-side comparison: Create contracts in any of the supported languages and compare against a baseline contract in any of other supported languages.
- Support for global organizations: Diverse corporate organizational infrastructures are configurable to represent multiple operating companies, multiple divisions and business units.
- Global Configurability: Create company-specific approvals rules without the need for IT or custom coding.
Drive Long-Term Portfolio Management
Many businesses overlook the importance of managing the contract after its initial creation. Ensure that the contracts continue to drive value throughout its life.
Contract Activation in Enterprise ERP systems, including SAP®.
Ensures that operational and financial systems are aligned with contractual obligations and are contract aware. Synchronization of master and configuration data is assured.
Regulatory reporting controls.
In-depth insight into adherence to business process. Validate and verify proof of controls in effect. Any aspect of the contract life-cycle can be presented instantly including negotiations, amendments and attachments to the contract record. Significantly reduce time and cost of audits.
Supplier Performance Monitoring.
Proactively evaluate supplier KPIs and trends for all obligations with a supplier. Receive notification if overall performance is trending downwards to enable pro-active correction. Create programs for supplier development instead of reactive monitoring.
Contract Spend Compliance.
Immediately access overall spend related activities related to a particular vendor. Find opportunities to consolidate contracts and optimize profitability. Assess supplier adherence to pricing and deliverables.
Mass Amendments.
Quickly make changes to a group of contracts. Respond to changes in market conditions and retain full audit-ability.
Learn More about Emptoris Contract Management:
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Overview 
Contract Compliance
