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Home » Business Solutions » Life Sciences » Contract Manager
Contract Authoring
A Standard For the Organization
Life Sciences 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. Most contract commitments are on paper and have substantial non-standard content.
Improve Contract Processes
I-many Contract Manager automates, maintains and tracks the complete lifecycle of an agreement. Organizations can configure contract lifecycles with any number of stages, actions and configurable workflows based on their business processes. This allows for granular and collaborative authoring, both, on a contract agreement level and on an individual contract section. I-many Contract Manager automates and manages each stage of the contract lifecycle with workflows tied to each stage. In turn, users are notified via I-many Contract Manager or email when actions such as review, approve, signature, etc. are required. I-many Contract Manager allows users to easily configure workflows to streamline and improve contract processes, reducing the time it takes to finalize an agreement.
Benefits
- Create a manageable and repeatable process for contract creation and administration
- Apply controls relevant to Sarbanes-Oxley compliance
- Standardize the generation of contracts and clauses and identify and process exceptions the right way
- Add collaborative workflow to improve efficiency and effectiveness and reduce excess email
- Reduce time, cost and risk of legal exposure associated with contract inaccuracies and associated penalties
- Self Service provides better use responsiveness with reduced cost and efficiency
- Integration with the rest of the Life Sciences suite provides a common data repository across all applications
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