The Business Need for Contract Management Solution

When you mismanage contracts, you:

  • Increase contract cycle times
  • Allow critical legal information to become fragmented and exposed
  • Miss savings opportunities associated with contract expiry
  • Increase risk quotients across legal, market and procurement ROI (return-on-investment) risk quotient

The robust Zycus Contract Management solution, comprising of iContract Repository and iContract Authoring modules, helps you prevent such outcomes. We help you centralize contract storage, track compliance across multiple dimensions and reduce creation cycle times.

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How We Help You

We start by listening to your needs.

We then configure and empower our contract management solutions to meet your specific procurement objectives, so that you gain the power to influence business performance through:

  • Accelerated contracting processes and enhanced compliance across multiple legal and government regulatory systems.
  • Enhanced stewardship, security and continuity around important contract documents.
  • Reduced maverick spending and reduced erosion of cost savings built into contracts.
  • Greater awareness of spend and risk management needs related to market conditions and contract expiry.

To have a look at our product, View Demo

Contract Management Software Features

iContract Repository

It helps you create a smart contract warehouse with:

  • User-defined access controls
  • Powerful multi-parameter and free text search
  • Dynamic reporting and configurable dashboards
  • Alerts and reminders to track contract expiry, contract utilization and off-contract spending.

 

iContract Authoring

It simplifies writing and negotiating complex contracts with:

  • Template libraries and wizard-driven contract authoring
  • Audit trail, version management and side-by-side version comparisons during negotiation
  • Clause libraries with preapproved clauses for standardizing contract language
  • Flexible approval workflow

To read more about the tool features, Download brochure

Customer Success Stories

Learn how we have helped our customers to write and execute contracts faster, manage contract documents better and achieve greater compliance and other performance improvement targets associated with supplier contracting.

"We are putting all our contracts into the contracts module, so that we understand who are preferred vendors and who're not so that we can do actual analytics against that as well."- Celgene Corporation

 

Browse through the customer case studies:

Making Purchase Management Easy for The MENTOR Network

Making Purchase Management Easy for The MENTOR Network

We had a chance to converse with Scott Fitzgerald, Director of Procurement, The MENTOR Network. Our con...

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Leading American Biotechnology Company employs Zycus Suite of Solutions

Leading American Biotechnology Company employs Zycus Suite of Solutions

With a transactional role of global sourcing and a 20% - 50% span of control, meeting key business need...

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Leading Global Bank invests in Zycus for Procurement Transformation

Leading Global Bank invests in Zycus for Procurement Transformation

A Leading Global bank had the vision of fostering action-oriented analytics to help build strategic obs...

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See More Case Studies

Resources

"Knowledge is true opinion." - Plato

We believe in creating value through procurement. From research reports to whitepapers to webinars, we invite you to visit our knowledge hub to read about and listen to a wide range of trending procurement topics.

 

A Day In The Life Of a Contract: Safeguarding Value through Improved Contract Management

A Day In The Life Of a Contract: Safeguarding Value through Improved Contract Management

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Enhancing the Contracting Process with a Touch of technology

Enhancing the Contracting Process with a Touch of technology
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