Press Releases

TeamConnect consolidates contracts across business units and geographies in an enterprise-wide repository 

Mitratech, a leading provider of software solutions for organizations to manage matters, risks, and ensure compliance, today announced the release of TeamConnect Contract Management.  TeamConnect Contract Management automates the entire contract lifecycle to maximize business opportunity and minimize risk. A central data repository maintains all contracts, negotiations, amendments, and other related documents, eliminating un-auditable file cabinets and paper trails. All documents are easily presentable with proof of all the necessary controls in place.

A clear view into commitments and deadlines, key parties, and main objectives helps ensure that contracts are created on time and with accurate information. The system helps enforce business standards for proper language, terms, and clauses. Users manage primary and alternate language without the risk of deviation from corporate standards.  

Among the system’s features is the ability to: 

• Store and manage contracts electronically
• Track contract status and generate effective documents
• Manage prevailing language, terms, and clauses
• Leverage verbiage from past contracts using document search functionality
• Track negotiations, amendments, and work orders
• Eliminate the risks and inefficiencies of manual review
• Expedite routing and approvals
• Search and access contracts based on type, date, or other key terms
• Track upcoming renewals, expirations, and other deadlines 

"Our mission at Mitratech is to provide a single application capable of automating all legal work," said Afshin Behnia, Mitratech President and CEO. "Using a single vendor, corporate legal departments benefit from a strategic solution that enables informed decision-making with significant cost savings resulting from reduced integration and vendor management challenges. Today, TeamConnect Legal Suite includes matter management, collaborative spend management with ebilling, service of process management, compliance management, entity management, early case assessment, and litigation holds. We are very excited to add contract management to our legal automation suite."

TeamConnect Contract Management can be implemented as a stand alone solution or used in conjunction with TeamConnect Legal. On a single platform, users can easily associate a Dispute or other matter type to the contract record for greater information access and visibility. 

About Mitratech - Mitratech provides market-leading Collaborative Accountability Applications for businesses and their trusted partners. With team-oriented domain applications in legal process automation, governance, risk, compliance and security, Mitratech's TeamConnect Collaborative Accountability Suite improves transparency of financial reporting, reduces exposure to risk, and boosts operating discipline, information security and the efficiency of enterprise processes. Our Collaborati browser application also meets the accountability and collaboration needs of proliferating extraprise teams, wherein vendors, partners and service providers often have to be included in sensitive teamwork projects such as electronic billing, legal hold and collaborative budgeting, or those which expose your business to liability.