We get much more attention from Datamatics Team as a third party service provider. Our other vendors are not as supportive and focused.
Datamatics Contract Management System enables organizations to be proactive in the management of contracts and gain a deeper and more contextualized understanding of the risks, obligations, and benefits associated with each contract. As a result, the organizations can more effectively manage business relationships with both vendors and customers.
With online scheduling, automatic notification, and a fully-secure environment, Datamatics’ Contract Management System offers a shared location that promotes the expediency of contract negotiations, review, and approval in a highly secure manner—far superior to any commonly used standard environment, such as email. It also can monitor the efficiency of the contract tasks and refine processes accordingly for continuous improvement.
Key features of Datamatics’ Contract Management System are:
- Ability to create/update/delete a contract
- Secure, online environment for collaboration
- Centralized Electronic Repository:
- Automatic upload to back-end System
- Proactive Report and Alert Management System
- Ability to search, audit, and report on contracts, including monitoring terms, client status, document type/subtype, client group, project type, agreement status
- Fast, effective, and complete management of the entire negotiation process
- Increased transparency and real-time accessibility of contracts to stakeholders from all departments
- Reduced legal, processing, and operational costs
- Improved speed and efficiency in negotiation process
- Better management of risks and liabilities
- Effective enforcement of supplier commitments