Contract Creation

The contract creation module of ContractX allows authorised users to generate new contracts from standard clause and template libraries whilst applying appropriate business rules. It manages and monitors contract negotiation, revision, roles and responsibilities.

ContractX is an enterprise application for the management of contract partners and contract data. It can handles the entire contract life cycle for all partners and all contract types and significantly help to optimize contract based relationships

• Centralised administration of contracts but with secure and decentralised access across the enterprise
• Proactive management of all contract types and contract details such as identifications, dates, conditions, legal aspects, benchmarks, obligations, directorates, positions, risks, relationships, evaluations, qualifications, real estate, prices, orders, invoices, etc
• Speed of decision due to the accessibility of contract data analysis and partner evaluations
• Transparency into all contract contents and visibility/control of any related risks
• Reduced time for the creation and management of contracts
• Management of contracts based on actual documents and activities
• Standardisation and conformity of partner relations extending across multiple areas of the organisation
• Significant time savings during contract research and analysis
• Configurable security and confidentiality - of critical importance in a web based system
• Efficient checking of contracts with detailed audit traces of all activities