Contracts are the lifeblood of any organization, but deals often grind to a halt when they hit the contract stage. As your organization grows, so does the number of contracts you enter with vendors, partners, and customers. The longer it takes to get a contract signed, the longer it takes to receive revenue from the deal.
EliteContract helps you better manage contracts throughout their full life-cycle — from contract generation to renewal. The results are more free time, reduced operating costs, and accelerated revenue. This benefits not just legal and sales teams, but everyone who deals with contracts behind the scenes, including HR, finance, and IT departments… and your customers!
EliteContract offers a simple, powerful, and secure contract lifecycle management solution, customizable to your needs. It provides a simple way for you to get your contracts under control, eliminating the risk associated with poorly managed documents. EliteContract automates the contract management process, ensuring you never again have to worry about when a contract is about to expire, whether the vendor or contract has been reviewed before a contract is renewed, whether milestones stipulated in the contract have been completed, etc.
BENEFITS
Author collaboratively
Take the full process of authoring contracts, collaborating in-house and with your suppliers. Contract delays often begin in the contract generation process. To avoid risks and roadblocks, begin with clause libraries and contract templates. This will ensure that you’re using the most up-to-date information for generating contracts, and allow your organization to be flexible enough to handle third-party contracts.
Contract review
The contract review process grows in complexity depending on the size of your organization and who’s involved. Simplify collaboration during review and approval by tracking every action taken on a contract. Use Clause Libraries to add approved clauses and ensure negotiations run smoothly. Increased visibility into the process means all reviewers can identify pending and completed activity at every stage of contract review, so nothing falls through the cracks.
Manage centrally
Store your contracts in a central repository so everyone can find them easily, with secure access so people will only see what they’re supposed to see. Have access to all of your contracts with all relevant information in one central place and easily view electronic copies of the original documents. No more searching for paper copies of your contracts being spread out all over the organization or Managing your contract portfolio using paper files and folders or Excel and file directories!
Never miss a deadline
Receive automated reminders for contract renewals and view your data dynamically. Renew, negotiate, cancel, and consolidate – on your own terms. Add important events on specific dates to your contracts and get automatically reminded. No more missing of yet another important deadline, e.g. for the cancellation or prolongation of a contract!