Gaining maximum value from your contracts
Do you know where all your contracts are?
Could you easily and quickly locate specific contracts or contract clauses?
Do you know if your contracts are costing you money?
The sheer number of contracts, their complexity and many different types have made their management a major business challenge. A global organization may have as many as 40,000 contracts, perhaps even more. Even smaller enterprises with revenues below $250m, on average have 4,000 procurement contracts in use. This rises to 8,200 contracts in medium enterprises. These contracts are often stored in a range of paper and different electronic formats; maintained within a functional area of the business such as Procurement, Sales, HR, Facilities Management, etc. Contracts are often also geographically dispersed, dependent on how they were first created. As a result it is almost impossible to gain visibility across this contract landscape or to implement consistent governance. Even for those companies with a central contract repository, many contracts never find their way into it and so are not formally visible or manageable.
Seal cDiscovery:
• Discovers contract documents stored on your System, in file shares and Document Management Network
• Recognises contract documents stored as text, doc, pdf, image and other formats
• Copies the discovered files to a secure, protected location
• Ensures the discovered files can be searched as a whole and individually
• Identifies signed contracts
• Identifies high risk and high value clauses
• Provides clear dashboard and reports
• Supports audit, compliance and due diligence processes
• Logs where the document was found
• Can load the contract documents it discovers into your existing contract management system
Seal cDiscovery delivers a return on investment quickly through:
• Fast deployment – results in days
• Fast adoption – clear interface and easy to use
• Comprehensive view of contract documents and the extracted information
• Web based technology for simple viewing via browser
• Secure – no information or documents leave your premises
• May be installed remotely
• Extensible – may be expanded to provide additional contract management capabilities if required
• It is orders of magnitude faster than any manual contract discovery process
Visit Seal Software Group www.seal-software.com
By Guest Blogger: Seal Software Group
