The Emptoris Contract Management solution provides the foundation for businesses to understand the complete life-cycle of their contract management process. A robust and scalable solution, Emptoris Enterprise Contracts Management can be deployed quickly to empower both contracts management professionals and others to quickly create powerful contracts that accurately and completely reflect business objectives.
Increase Visibility
 Gain an awareness of the "health" of your contract lifecycle: approved terms and conditions usage, agreements modified from standard, and locate and understand process bottlenecks. Through Emptoris contract management automation, organizations can increase visibility and report on every aspect of a contract's lifecycle.
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- Be Able to Answer the 5 W's (Who, What, When, Where and Why)
- Before, during and after negotiations
- Instantly access complete contract history, current and closed
- Understand the health of your contract's lifecycle
- Quickly locate and eliminate process roadblocks
- Ensure that the right procedures and polices are in place
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Capabilities |
Benefits |
| Enterprise-wide contract repository. |
All types of contracts are instantly accessible. Clear picture of contractual obligations and commitments. Search on any term or variable in any contract or group of contracts. |
| Extensive library of contract building blocks including; metadata, language and business terms. |
Creating the proper foundation to enable contracts to accurately represent corporate objectives. |
Powerful renewal and event management capability for sell and buy-side contracts. |
Ensures predictive notification of material events. Insight into opportunities to increase revenues and reduce costs. |
| Consolidate contracts across business units, geographies, commodities and customers. |
Gain leveraged buying power and identify areas of increased risk. |
Achieve Control
 With powerful authoring and negotiation tools, Emptoris Contracts Management users can leverage standard Microsoft® Word to create contracts from pre-approved clause and term libraries in a pre-determined structured template.
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- Eliminate Error-prone Manual Review
- During contract formulation and subsequent negotiations
- Decrease risk associated with undesirable terms and conditions
- Accelerate Time to Better Contracts
- Leverage legal on exceptions instead of everything
- Cut contract presentation time in half
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Capabilities |
Benefits |
Parallel Approvals |
Eliminate the holdup caused waiting for approvals and accelerate the contracts process, improving efficiencies without loss of control. |
| Adherence to business standards. |
Establish baseline for language, terms and pricing to maximize business opportunity and minimize risk. Contracts can be assessed and assigned a risk value. |
| Comprehensive policy and business controls. |
Fine grained control over primary and alternate clause usage enforces use of proper language, terms. Eliminates the opportunity for rogue contracts. Any deviations from standards are flagged and approvals are dynamically rerouted. |
| External parties paper (EPP). |
Integrate and negotiate external party paper without losing context and visibility into terms and conditions with immediate clause mapping directly into authoring tool. |
| Infused MS Word controls. |
Utilize most common platform for contract creation. Controls travel with contract document through creation and negotiation process. Manual authoring, redlining and tracking of changes is eliminated. |
| Multi language support with side-by-side compare. |
Create contracts in any of the supported languages and compare against a baseline contract in any of other supported languages. |
Support for global organizations. |
Diverse corporate organizational infrastructures are configurable to represent multiple operating companies, multiple divisions and business units. |
Ensure Compliance
 With increased visibility and achievable control, ensuring compliance is simplified. There are two aspects to compliance, first and foremost is compliance with legislative directives, such as Sarbanes-Oxley and Basel II. The second and not so evident aspect is adherence to contract terms by contracted organizations. Since most contracts are managed by exception, material events, such as: delivery dates, contract renewals, supplier obligations, commitment levels, pricing revisions, are not readily evident.
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- Successful Audits the First Time, Every Time
- Eliminate searching through mounds of paper and file cabinets
- Decrease involvement of legal and management
- Improved site management
- Set clear and consise milestones and objectives
- Move from reactive to predictive management
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Capabilities |
Benefits |
| Contract Activation in Enterprise ERP systems, including SAP®. |
Ensures that operational and financial systems are aligned with contractual obligations and are contract aware. Synchronization of master and configuration data is assured. |
| Regulatory reporting controls. |
In-depth insight into adherence to business process. Validate and verify proof of controls in effect. Any aspect of the contract life-cycle can be presented instantly including negotiations, amendments and attachments to the contract record. Significantly reduce time and cost of audits. |
Supplier Performance Monitoring. |
Proactively evaluate supplier KPIs and trends for all obligations with a supplier. Receive notification if overall performance is trending downwards to enable pro-active correction. Create programs for supplier development instead of reactive monitoring. |
| Contract Spend Compliance. |
Immediately access overall spend related activities related to a particular vendor. Find opportunities to consolidate contracts and optimize profitability. Assess supplier adherence to pricing and deliverables. |
Learn More about Emptoris Contract Management:
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Overview 
Global Capability
