Overview

What is Contract Management Software?
Contract Management Software enables you to optimize the lifetime value of your business relationships by centralizing, standardizing and systemizing the entire contract lifecycle, from creation through expiration or renewal. Whether you need to manage contracts for sales, procurement, intellectual property, real estate, or employment, or any other type of agreement, Ecteon’s contract management solution, Contraxx®, allows you to create, capture, manage, report, and analyze all of your important business agreements, effectively and efficiently. If you source your own contracts or use your contracting partner’s paper, either way, Contraxx can help.

Benefits of Contract Management Software
Say goodbye to manual processes and time consuming paperwork. Contraxx provides you with real-time visibility into both the high level and most granular details of your organization’s contracts, all at your fingertips. This transparency, combined with automated reporting and analysis tools, strengthens your ability to make informed business decisions that will maximize profits, mitigate risks and ensure contractual and regulatory compliance. Contract Management Software also serves to improve business relationships over time through the accurate and reliable enforcement of mutual contractual obligations. And all of these benefits are typically realized with a return on investment (ROI) of one to three years.

Increased Demand for Contract Management Software
The use of paper contracts, elaborate filing systems and spreadsheets to track contract data are simply no longer viable options for most companies in today’s increasingly competitive and complex marketplace. Organizations that manage contracts manually often suffer a silent drain on profitability, as crucial contract dates or advantageous terms slip by undetected. A fragmented contract management system can also result in inconsistent terminology and operational inefficiencies. For these reasons, and many others, organizations are turning to Contract Management Software. In April 2007, fifty-four percent of surveyed organizations indicated they plan to adopt technology to improve reporting and analytics around contract data.*

Contraxx: A Proven Track Record
Ecteon has been developing contract management systems since 1986, longer than any other company in the world. The result? Contraxx has a proven track record in Contract Management Software with unparalleled flexibility and features to meet the unique needs of your organization. And this leadership is evident through our customers’ satisfaction and Ecteon’s successful implementation rates. It’s contract management on your terms.

We invite you to explore our Web site and to sign up for a Webinar to see how Contraxx can maximize profits, mitigate risks and ensure compliance for your organization. We will work to understand your specific requirements and tailor our demo to your exact needs.

Contract management on your terms.

*Contract Lifecycle Management and the CFO. Aberdeen Group, April 2007.