Contract Management Solutions
All companies manage contracts in some fashion or another, but for many there is no central oversight across the organization, no way to ensure corporate standards, and few enforcement mechanisms. With little visibility in this process, it is difficult to validate that terms of the contract are being met – or determine accountability if they are not.
Mtech Contract Management is designed to manage all contract types in an enterprise-wide solution that scales as your needs grow. It handles contracts in the context of a holistic information governance strategy. Our strategic partnerships with SAP, Microsoft, and Oracle ensure that you can easily integrate Mtech Contract Management with your ERP, CRM, and other enterprise and productivity applications. Mtech Contract Management lets you track and manage each contract’s clauses, terms, conditions, commitments, and milestones throughout its lifecycle to maximize business benefits and minimize associated costs or risks.
With the Mtech Contract Management solution, you streamline contract management, control risks, reduce penalties and lost revenue, and gain visibility into the entire process.
Control risk and liability - Store contracts and pre-approved terms and conditions in a centralized repository with configurable security and other content management features. Ensure retention, archiving, and disposition of contracts to satisfy compliance, legal, and policy requirements. Automatically extract key contract data to back-end systems to reduce labor costs and re-keying errors.
Recover lost revenue , reduce unnecessary expenses - Reduce revenue leakage up to 10% by enforcing negotiated prices, rebates, discounts, and penalties. Ensure suppliers comply with pre-negotiated terms and customer commitments are met. Reduce maverick spends and weed out auto-renewing contracts.
Streamline contract process - Collaborate in a secure, online environment that includes workflow, discussion, task assignment, and version control. Standardize approval processes. Create and maintain approved contract templates, language, clauses, and terms. Reduce involvement of legal personnel in standardized, template-based contracts so they can focus on high-value negotiations.
Gain visibility - Increase awareness of contract milestones so you can identify revenue opportunities and avoid breaking contractual obligations. Use automated alerts to remind appropriate personnel of upcoming events and responsibilities. Easily review change history and audit trail for an existing contract, know who was involved, and review negotiation process. Provide detailed reports and analysis.