Templates can be created across the organization to reuse as much pre-approved language as possible.
Simple for contract negotiators to mark up terms and conditions and efficiently present and review changes with the other party.
A routing capability with the correct workflow of approvals of certain elements of an agreement before it is presented for final sign-off.
Storing the details
Once agreed upon by both parties, the agreement will be stored in a central repository and immediately be put into effect in integrated systems.
The solution should have built-in reporting that presents the key attributes of agreements from financial terms to renewal terms to expiration window.
Service level components are becoming more and more common as outsourcing continues to be a prevalent part of business; the corresponding service levels need to be easily accessed.