Contracts identify the aspects of your business relationship. How prepared is your business to react when your contracts must change due to a new regulation or change in your relationship with trading partners (i.e. taking a product off the market)?
Many businesses struggle to quickly respond to changes in trading partner relationships that impact many contracts. These companies must find all the affected contracts, amend them, present them to their partner, and then do the same with the next contract, and so on. Making mass changes to the contracts takes time and resources.
Emptoris Mass Amendments enables businesses to quickly identify and amend all contracts that need to be changed, providing the ability to manage a greater number of contracts with greater agility.
- Manage a greater number of contracts with greater agility: Through a configurable search, users can search for all the contracts that require change. (e.g. find all contracts that include Product X), ensuring that no contracts are missed.
- Manage complex contracts with better results: Select the amendment that needs to be added to the existing contracts to guarantee that all impacted contracts have the same change applied.
- Faster responsiveness to rapidly changing markets: Emptoris mass amendment capabilities allow companies to use the same tools for amendment of one contract across a group of contracts, following the same controls in Emptoris contract management as a single amendment would, reducing processing time and enabling the controls that ensure compliance with existing contract processes.
Learn More about Emptoris Contract Management:
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Overview 
Contract Compliance
