UpsideContract

enterprise contract management

overview

benefits

features

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UpsideContract Benefits Overview

UpsideContract provides critical visibility and easy access to data and processes that are required in the current business world. It increases an organization’s ability to understand and control business relationships and activities and maximizes the value from each and every contract. Other benefits include: 

Contract Management Benefits

• Greatly improved management of contracts across the enterprise, maximizing value from agreements as well as providing governance assurance. 
• Optimized contract performance and delivery of services and / or products (proven reduction in cycle time as well as improved process efficiency), with minimized business risks. 
• Streamlined and improved contracting processes and control across jurisdictions, geographies and languages. 
• Greatly improved management information and reporting on contracts and contracted activities. 
• Manageable conversion of legacy contracts, including paper-based agreements. 
• Increased visibility of contract changes and full audit capability produces more accurate record keeping. 
• A more streamlined contract management lifecycle from beginning to end which makes assembling, reviewing and processing contracts easier and more efficient. 
• Improved visibility and quality of information related to contracts and the activities governed by those contracts. 
• Better management decisions based on Business Intelligence gained through proper analysis of information related to contracts, performance of contracted activities and associated elements of operational risk. 
• Effectively manage contracts and easily perform specific words searches in documents through the robust Find and Replace Panel and Inquiry functionality.
• Keep more detailed and accurate records of contract amendments through extensive redlining capabilities.
• Increased visibility across all templates enables users to view which contracts are linked to a parent or child template.
• Pinpoint and monitor which templates undergo the most number of changes and see which clauses are altered. 
• Fast return on investment (ROI) – typically well under one year. 
• Streamlined processes and improved collaboration that results in reduced operating expenses. 

Business Relationship Management Benefits

• Improved access to information processes for all stakeholders (including internal staff and management) helps to build better business relationships –a key part of Supplier and Customer Relationship Management.
• Improved creation and management of 3rd party papers which leads to stronger business relationships with suppliers and customers. 
• Improved involvement of internal staff in a collaborative contracting process and with greater visibility of important information and required actions. 
• Easily keep track of business relationships by recording parent/child company hierarchies in tree format.

Technical Benefits

• Simple, yet comprehensive user interface drives extremely rapid user adoption and faster time to value. 
• Fully integrated to Sourcing & Procurement and Billing solutions to allow for complete lifecycle management. 
• Quick deployment – typically less than 40 days depending upon integration requirements. 
• Intuitive and user-friendly interface helps reduce training time and costs – we have focused on leveraging an “one click” model as well as ensuring consistency with common desktop and Internet based tools used by many organizations today. 
• Flexible configuration options allow organizations to make modifications and customizations to tailor-fit the user interface to their needs. 
• Enhanced performance allows users to quickly make changes within the application therefore reducing network traffic. 

Compliance Management Benefits

• Addresses many of the requirements for The Sarbanes-Oxley Act compliance and other legislation.
• Strategic sourcing benefits - maximize buying power through better managed contracts and actively monitored performance and compliance. 
• Maximum realization of revenue potential and/or cost savings potential by maximizing the performance and benefits of each contract through event management and performance and compliance monitoring. 

Reporting Benefits

• Enhanced ad hoc reporting feature allows users to effortlessly add UDFs (User Defined Fields) as needed.
• Overall layout of reporting module has been improved and is more user-friendly than before (i.e. re-sized buttons, data grid expansion, etc.).
• Get quick, up-to-date contract summaries at the click of a button.
• Default contract reports allow users to select pertinent parameters to make more informed business decisions.
  

Contact us to learn more and to arrange a demo of UpsideContract.