Oil & Gas
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Contract ManagementContracts are at the center of business activity for oil and gas companies. Contracts define and govern virtually every relationship across the enterprise. Simplifying contract assembly, shortening the approval process, and effectively managing contract renewal terms affects the financial and operational health of a company. Contracts also represent one of the largest areas of risk for organizations. As such, contracts must be controlled throughout their entire lifecycle. Livelink ECM - Contract Lifecycle Management covers the entire contract lifecycle and addresses core elements, including RFP development, contracts involved in capital projects, operational contracts on both the buy and sell sides of the business, and all contracts related to human resources. Enterprise Content Management (ECM) solutions from Open Text for contract management deliver this functionality with the following components:
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. |
Meet your Business GoalsGOAL: Improve collaboration with business partners GOAL: Eliminate evergreen contracts GOAL: Improve forecast accuracy GOAL: Reduce inventory carrying costs GOAL: Improve customer service Goal: Increase savings from vendors and procurement process How can we help?
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