Cycle time reduction, visibility and control
Apttus Contract Management is one of the most functionally rich solutions available today. The enterprise capability can manage to any type of contract, process or function. The solution is modular, so you choose which part of the contract function you wish to automate. The system can be used for a handful of users right up to tens of thousands of users.
Apttus Contract Management is used by hundreds of thousands of users today. Many of the Fortune 500, Global companies and smaller companies utilize Apttus. The tool is structured in modules which allow for the complete, end to end lifecycle of request, creation, negotiation, storage, electronic signature, compliance and analytics.
The Contract Management Suite dramatically reduces the lifecycle time from contract request to execution and gives you complete visibility and control of your entire contract process.
Apttus is easy to deploy and very easy to use. You gain benefits immediately – process control, risk management and high, immediate ROI. Complete, 360 degree Contract Management capability.
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What is Contract Lifecycle Management?
Contract Management is frequently not a clearly defined business function. The contract lifecycle processes, span very wide functional reach, multiple departments and people and as a result everyone has a different definition of Contract Lifecycle Management. Some think it’s the automation of the request process to eliminate bottlenecks for legal and sales, others think of it as the negotiation, redline and versioning process and many think it’s the post live execution of active contracts. Managing financial terms, delivery of product or service, managing obligations and more.
The fact is its all of the above. The true definition includes any process that contributes, creates or utilizes contract data, is part of contract lifecycle management. As a result, Apttus has defined the contract lifecycle to encompass every from the initial request right through to the settlements of the financial transactions around the agreement. This is a wide definition, but truly encompasses the entire process. We have built our product in a modular format so that depending on a customer definition of contract management, they can automate just that part of the process step or utilize more modules to complete the entire process. You have the flexibility.
Managing the lifecycle of any contract involves automation of the process of engaging with your trading partner, negotiating, signing, storing information and managing obligations associated with the contract. The function covers multiple business functions that can be managed seamlessly in a single application across the enterprise.