Legally binding contracts reinforce 60% to 80% of business transactions today. EU directives, compliance and acts such as Sarbanes Oxley are all driving businesses to manage their contracts efficiently. However most of these contracts are still in paper format, making compliance difficult as; paper can be lost, damaged or misfiled, retrieval can be lengthy and processes cannot be enforced.
ImageFast's Contracts Management solutions offers end to end lifecycle management for your contracts, from creation and execution to analysis. Delivered via a secure online collaborative environment, users have access to other related content such as documents, email correspondence and discussion threads.
Our solutions provide tools to automate the assembly of complex contractual documents, as well as automated reports to monitor a low maintenance process and a constant check on supplier and customer contracts so that decisions can be made if risk parameters change.
Contracts Management significantly minimises risk and maximises business performance by implementing time efficient processes, ensuring data is instantly accessed.
Features & Benefits
- Ensure consistency and compliance with controlled documents and standard contract language
- Control of renewals before they occur
- Awareness of warranty periods
- Automated contract creation
- Secure, virtual workspaces to develop and share information
- Corporate library for contracts
- Document versioning and control
- Integration with desktop applications such as Microsoft Office
- Complex reporting and analysis tools
- Document archiving and destruction