Contract Management
The long product lifecycles, complex regulations, and multiple partnerships that characterize the Life Sciences industry place unique burdens on the contract management function. You must make information available on the signatory, execution date, entity, subject, and location of the authoritative original contract. And you must associate this information with the tracking information of related emails, instant messages, phone conversations, meeting notes and status reports.
Business Goals
- Shorten contract draft, revision, and approval cycle times
- Improve regulatory compliance in all jurisdictions
- Provide contract context
- Manage exceptions effectively
Key Performance Indicators
- Reduce contract negotiation time
- Eliminate missed dates
OpenText Contract Management delivers this functionality with the following components:
- Software: Collaboration & Content Management, Contract Management, Process Management
Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.
