You Are Not Alone
Did you know?
- More than one-third of organizations still use manual processes to manage contracts, and only eight percent of organizations have fully automated processes that use a common system company-wide.*
- Fifty-four percent of enterprises plan to adopt technology to improve contract reporting and analytics around contract data.**
To stay competitive in your industry, a comprehensive contract management system is a must-have.
How can Contraxx help my business?
Implementing one of the Contraxx suites in your organization gives you the power to:
- Distribute key dates notifications
- Separate summaries from actual contracts
- Access data quickly and easily
- Close deals quickly with contract preparation
- Manage sales terms
- Manage relationships
- Summarize liabilities
- Track monetary flow within contracts
- Manage acquisitions
- Track yearly revisions within contracts
- Manage insurance riders
- Manage expiration dates and deadlines
- Avoid unnecessary costs
- Control the status of contract being processed
With contract management software, organizations mitigate risk by ensuring that risk-bearing contract details are visible and accessible to the appropriate business users. Through automated exception reporting, senior management is assured that if risks exist, they will be brought to the forefront of decision-making rather than slipping by undetected. The potential positive financial implication for your bottom line is limitless.