ActionBase for Contract Tracking - Contract.Tracker

Challenge:

Business people spend a great amount of time negotiating agreements and contracts but in many cases, this is simply to have them filed and forgotten. Poor visibility can only lead to unnecessary costs and increased risks. Contract terms are not met, SLA can be forgotten or neglected, Compliance and risk to increase. Never before have we seen any software that is capable of tracking each section, objective, assignment defined in an agreement and make sure it is tracked to completion all within the document itself and email. Procurement managers, commercial managers, facility managers and all other contract stakeholders can now have a holistic view over all their agreements, drill down into each specific agreement and track the execution of actions defined within those agreements no matter where they are located or hosted without manually going through all their lengthily long documents one by one.

Solution:

Contract.Tracker allows you to track all the actions taken upon each agreement clause. See a bird's-eye reports on all agreement execution stage, open items, overdue issues. You can drill down and track how each and every item is being managed by the respective owner. Contract.Tracker is not about saving the documents in a special type of repository (ECM, DMS) or managing versions; it is about your business - making sure the agreement is implemented as agreed by all parties within and across your organisation.

With Contract.Tracker you can:

• Track and clause, section or issue in your agreement and make sure the responsible party is reminded and accountable to ensure it is fulfilled.
• Stakeholders can track the activities being done to execute each issue and can monitor their progress in real time.
• Receive alerts and notifications automatically to each respective party to make sure they are on top of all the required assignments.
• Sync with all parties involved and make sure the terms are met.
  

Key Benefits:

• Ensure you get everything you negotiated.
• Never miss an important date or obligation with our Action Tracking capabilities and proactive alerts.
• Fully covered on your IP protection and SLA obligations.
• Save cost, avoid fines and penalties.
• Reduce Risk, increase compliance and governance.
• Make sure all parties are reminded and accountable to ensure contract is fulfilled.
• Improves decision making and effective business control.