Set Organizational Standards

Companies understand the pain of contract management. The creation of new contracts is expensive, the risks of government pricing thresholds for best pricing loom large, and most contract commitments are on paper and have substantial non-standard content.

The I-many Contract Management solution allows organizations to automate the entire contract lifecycle from creation and storage, to management of alerts and notifications on key business events and milestones. The solution supports all business functions including Sales, Procurement, IT, Intellectual Property, and other legal processes. From creation to end-of-life, I-many's solution implements contract-management best practices for organizations.

Compelling Key Benefits

• Automates, maintains and tracks the complete lifecycle of an agreement allowing organizations to configure contract lifecycles with any number of stages, actions and configurable workflows.
• Allows for granular and collaborative authoring on both the contract-agreement level and on individual contract sections.
• Automatically manages the contract lifecycle with workflows, and notifies users when actions are required, such as review, approve and signature.
• Provides configurable lifecycles and workflows that help streamline and improve contract processes and reduce the time required to finalize agreements.
• Provides user-defined document templates that enforce standards and controls across the enterprise during the contract-creation process.
• Preserves document integrity during the approval and negotiation processes allowing users to quickly compare different versions of a
  contract.
• Provides agreement controls, audit trails and reports to help ensure regulatory compliance.
• Provides a flexible and scalable central repository enabling users to
  browse the contract’s hierarchical storage folders, which are configured
  and maintained per company policies.
• Offers extensive search functionality allowing users to search on multiple terms, such as key clauses and keywords, as well as specific contract language. Searches can be saved, published and reused making it easy
  to find the right contract at all times.
• Provides user-definable contract building blocks and components, such
  as terms, clauses, addendums and conditions. Building blocks are maintained with the appropriate legal language and company-required formatting, and stored in libraries for easy access and reuse.
• Notifies relevant parties of dates, events and milestones, such as a promise-to-pay notification or an alert based on the completion of an activity defined in a statement of work.