Shorten contract draft, revision, and approval cycle times
Improve regulatory compliance in all jurisdictions
Provide contract context
Manage exceptions effectively
The long product lifecycles, complex regulations, and multiple partnerships that characterize the Life Sciences industry place unique burdens on the contract management function. You must make information available on the signatory, execution date, entity, subject, and location of the authoritative original contract. And you must associate this information with the tracking information of related emails, instant messages, phone conversations, meeting notes and status reports.
Open Text Contract Management delivers this functionality with the following components:
Software: Collaboration & Content Management, Contract Management, Process Management
Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.
Reduce contract negotiation time
Eliminate missed dates