Contracts drive many business processes. Purchasing contracts, licensing contracts, employee contracts, services contracts and many other types of contracts build the foundation of many activities in large and mid-sized companies. National Association of Purchasing Management (NAPM) has found out that average Fortune 1000 companies actually have between 20,000 and 40,000 suppliers whose contracts have to be managed. Access to and information about these contracts is critical not only for the legal department, but for all employees who fulfi ll obligations or provide services or create deliverables defined in such contracts. Managing the authoring, approval and renewal processes of hundreds of contracts paper based and manually is very time consuming and ineffective. fme Contract Management is a fl exible and modular solution, based on Documentum xCP, which can easily be adapted to specific customer requirements.
- fme Contract Management is based on Documentum xCP, which can easily be adapted to specific customer requirements
KEY FEATURES TO STREAMLINE THE CONTRACTS MANAGEMENT PROCESS
- Create contracts based on predefi ned templates (contract structure and document templates)
- Manage contracts including supporting documents (Follow-up, extend, terminate)
- Automated workflow for contract review, approval, and electronic signatures
- Repository search and retrieval
- Repository security
- Efficient task processing
- Compliance and archiving
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