Lost contracts missed expiration dates approval bottlenecks sound familiar what if there was a contract management solution that could keep all of your contracts at your fingertips alert you to upcoming renewal opportunities and streamline your approval process introducing agile oft trusted by over two and a half million users agile off delivers a flexible secure and scalable contract management system that automates your entire contract lifecycle agile off comes fully loaded with out of the box functionality to help you go live quickly and affordably and with our agile solution you won’t need to reinvent the wheel every time your process changes agile ops flexible.
The platform can easily be custom-tailored to your unique requirements without the custom price tag let’s take a look at how it works medius user portal allows users to request contracts online with a click of a button from their contract managers can instantly generate a fully populated contract and familiar word or PDF format using pre-configured templates stakeholders are automatically notified review and approve keeping contracts moving swiftly through the process
Agile law can automate even the most complicated approval process whether parallel or sequential with our easy to use workflow editor and DocuSign or Adobe sign integrations allow all Parties to add digital signatures quickly and securely with agile off sophisticated search tool.
you’ll never waste time digging through files again search any field and even attached files to find any contract or clause in an instance automatic alerts keep contract managers informed of upcoming expirations and contracts and progress eliminating bottlenecks and improving renewal rates agile ops powerful reporting engine Provides actionable reports and configurable.
Dashboards to provide the statistics that are important to you forecast medius contract renewal amounts for insight into upcoming costs and revenues export to excel or drill down into the report for more detail agile off secure platform gives you complete control over your contract lifecycle.
Precise permission settings govern access right down to the field level check-in and out documents with full revision control ensure audit compliance a complete history of all changes and mitigate risk with a central repository for all contracts insurance certificates and associated assets at a loss scale beyond contract management to help you manage the business.
Processes related to your contracts with integrated applications for help desk asset management.
The administration is the management of contracts made with customers vendors partners or employees the personnel involved in contract administration required to negotiate support and manage effective contracts are often expensive to train and retain contract management
Includes negotiating the terms and conditions and contracts and ensuring compliance with the terms and conditions as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
It can be summarized as the process of systematically and efficiently managing contract creation execution and analysis for the purpose of maximizing financial and operational performance and minimizing risk common commercial contracts include employment letters sales invoices purchase orders and utility contracts complex contracts are often necessary for construction projects goods or services that are highly regulated goods or services with detailed technical specifications intellectual property IP agreements outsourcing and international trade most larger contracts require the effective use of contract management software to aid administration among multiple parties a study has found that for 42% of enterprises the top driver for improvements.
The management of contracts are the pressure to better assess and mitigate risks and additionally, nearly 65% of enterprises report that contract lifecycle management CLM has improved exposure to financial and legal risk during the post-award phase it is important to ensure that contract conditions and take a closer look for items such as unrecorded liabilities underreported revenue or overpayments if these items are overlooked margin may be negatively impacted.
A contract compliance audit will often commence with an opportunity review to identify
the highest risk areas having dedicated contract compliance and/or governance program in place has been 2-4 percent and sometimes as high as 20% current thinking about.
Contract management and complex relationships of shifting from compliance management to a governance perspective with the focus on creating a governance structure in which the parties have a vested interest.
In managing what are often highly complex contractual arrangements in a more collaborative aligned exam Bowl and the credible way in 1979 Nobel laureate Oliver Williamson wrote that the governance structure is the framework within which the integrity of a transaction is decided he further added that because contracts are varied and complex governance structures vary with the nature of the transaction.
See also relational contract Erickson and Westerberg 2011 Lee our duty and wedding 2012 Ken and manly 2014 and Cardenas vortex and Wolff 2017 had hypothesized developed and extensively tested conceptual models in which relevant project governance instruments and factors were identified and related to the performance of construction projects collaborative governance.
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The framework has four components a relationship management structure how the parties work together to make both day-to-day operational decisions as well as strategic decisions a joint.
performance and transformation management process designed to track the overall performance of the partnership an exit management plan is a controlling mechanism to encourage the organization’s to make ethical proactive changes for the mutual benefit of all the parties
Compliance to special concerns and regulations which include the more traditional components of contract compliance the contract management solution from medius is a single source of truth for all your contracts you can always stay ahead of important dates and deadlines as well as report on what matters most to your business the contract dashboard presents a summary of data contained within.
The system unique to each user widgets summarize data like supplier number spend and contract duration we have widgets for a search bar we can organize contacts by status and type notifications for expiry and review date as well as envelope usage referring to our Dousing integration the create contract widget produced a template with different fields containing metadata to summarize the contract’s contents these are configurable to your organization’s specific requirements.
Medius has a variety of options for grouping your contract records in the System as well as a detailed search based on the metadata fields you saw before which is a powerful tool the folder view is perhaps the most logical way to organize the contracts the contract record shows that this
Effective it contains up-to-date metadata to summarize the contract’s contents documentation is stored neatly in this tab and I can also include documents from the hard drive curls document library or the document wizard looking at this contract I can view the history of uploads and all previous versions of the document and I can download those at any time.