Contract Management - Mitratech

Contract Management

Managing contracts across an organization can be a complex endeavor, and it’s crucial to have a powerful, but simple, contract management solution on your side that can manage and capture your negotiations, involved parties, terms and renewals. Mitratech provides a solution to efficiently handle your organization’s contract management needs.

Contract Management

How contract management solved similar challenges for our clients

It can be a complex operation to keep everyone in your organization apprised of a contract’s status from creation through revisions and execution. Once a contract is executed, milestones and obligations like billing and service delivery must be met by various business units. You also need to ensure that critical contract deadlines and renewals are not missed.

Mitratech’s solution has solved similar client challenges by:

  • Centralizing all contracts in a single repository, so everyone has access to the most current version and all associated documents
  • Alerting you to critical dates and milestones so that risk is minimized across the organization
  • Decreasing time spent on manual contract creation through automated Word templates

How we help your department be the best-run function in your organization

A contract management solution manages the countless contract tasks and deadlines and ensures nothing falls through the cracks by tracking all milestones related to every contract. By using contract review benchmarking, the reviewer can focus on the clauses that matter and reduce the contract review process by hours. In addition, work is left in a place where it is easy for one member of your team to pick up where another left off.

With so many people involved in contract review, a contract management solution ensures the latest version of the record is saved, while preserving prior versions for comparison. With all contracts centrally located, users are able to aggregate contract information, documents, actions, etc. for a full view of contract status.

A contract management solution enables you to be the best-run function in your organization by:

  • Protecting your company against missing milestones, lapsed or expired contracts
  • Ensuring high user adoptions with simple-to-learn and easy-to-use software to maximize the efficiencies and repository
  • Containing all information you need to take immediate action on a contract without combing through data, calendars, documents, or email to find what you need

The tools to help you thrive in challenging situations

We can help you fulfill the demands of your busy contract reviewers with a powerful, yet easy-to-implement-and-adopt, software solution by:

  • Improving controls and transparency with notifications at your fingertips, including approval management, electronic signatures, regulatory benchmarks, and scheduled alerts
  • Creating tasks and calendar items and sending automated emails to remind team members
  • Customizing your data capture fields to accumulate the data you care about for search and reporting
  • Gaining secure access to your contracts from anywhere, at any time
  • Reviewing contracts and documents with full-text search, with relevant text highlighted for quick and accurate review
  • Viewing version-controlled contract templates to see full document history
  • Controlling what information users can access