|5 Steps to Realizing Value from Contract Lifecycle Management|
|Driving collaboration through Contract Management|
|Five Best Practices for Contract Management|
|Building an Effective Contracting Process|
|Leveraging technology to drive business performance|
Means to simplifying contract negotiations - A practitioners view, John Fenton
The business need for a Contract Management Solution
Companies that neglect contract management and allow critical information to remain fragmented, distributed, unstructured, and trapped inside of digital scans, or PDFs expose themselves to multiple legal, market, and procurement return-on-investment (ROI) risks. Moreover, a contracting process can get very iterative, with several versions’ tracking and complex levels of approval workflows. In this situation, mental effort should be directed towards the strategic negotiations and decision making on key line items and terms and conditions. A contract management solution helps you in the complete Contract Life Cycle management right from negotiations, to authoring, to revisions and ultimately to tracking contract compliances!
Zycus Contract Management Solution
Our solution minimizes contract-related risk and empowers procurement organizations to actively manage compliance and achieve maximum benefits. The standard features of Zycus iContract solution, the iContract Repository, include a customizable interface, smart contract warehouse with multi-parameter search, dynamic reporting, configurable dashboards, and alerts tied to such things as contract expiry, contract utilization, off contract spending and market price fluctuations.
Advanced features of the Zycus Contract Management Software Solution, the iContract Authoring, empower procurement organizations to:
This software comes with a user-friendly UI making the interface easy to use interface which would attract users to adopt the solution. Moreover, like all other Zycus procurement software solutions, you can with integrate this with your existing ERP or any other system being used by your organization.
Key Features of Zycus’ Contract Management Solution