Contract Management Software for Pharmaceuticals & Medical Devices
Automating end-to-end Contract Lifecycle & Enabling Legal teams to improve compliance, collaboration and strengthen counterparty relationships.
Legal and Contract Automation for evolving organizations in Life Sciences Industry
eContracts transforms the way contracts are managed in biotech, clinical research, medical device, and pharma organizations. It supports the unique needs and challenges of the industry thereby accelerating all stages of the drug and device lifecycle by eliminating paperwork, enabling a collaborative work and supporting process compliance across contracts, legal, procurement, and marketing functions.
eContracts is hosted on the highly secure Microsoft Azure platform, integrated with office productivity tools and extends your company’s cloud infrastructure, to ensure frictionless user onboarding, regulatory compliance while help meet market and customer expectations.
Priorities & Features Highlights
Contract & Legal Governance
Spend Control
3rd Party Risk Management
Regulatory Compliance
Automated Review & Approval Workflows
Multi-stage gate based approvals and reviews with automated task assignments and escalation rules. Read more..Advanced Search & Discovery
Smart discovery enabled search engine for keyword and phrase, full-text clauses with comparison and documents analysis Read more..Terms and Legal Clause Management
Inbuilt approved clauses library for template and document assembly and easy third party contract paper reviews Read more..Multiple Legal Entities Support
Supports modeling of contract processes and governance around multiple legal entities within your organization. Read more..Extendable Data and Reporting
Configurable contract types, metadata and data-capture forms. Report and search by Projects, Product line and other custom properties Read more..Record Management and Auditing
Automatically capture, classify, retain, and dispose off contract documents with smart policies. Read more..
Contract Visibility across the value chain
Summary of common contract types, terms and metadata tracked in eContracts by our pharma and biotech customers
Major Contract Types
- Intellectual Property Licensing
- R&D facility & Equipment Licensing & Leasing
- Collaboration & Joint Venture Agreements
- Inventions Assignment Agreements
- Credit Agreements
Key Provisions & Terms of Negotiations
- 3rd party licensing & IP rights
- Clauses of Confidentiality & Non-disclosure
- Representations, Warranties & Indemnifications
- Term & Termination
- Transfer of obligations, rights & deliverables
- Fee for service & delay policies
Major Contract Types
- Clinical Trials Agreements
- CRO Agreements
- Data-Use Agreements
- Sponsor Finance & Legal Contracts
- Biologic License Agreements
- Business Associate Agreements
Key Provisions & Terms of Negotiations
- Terms of Collaboration & Financial arrangements
- Use of Name, Tie-in arrangements & Grantbacks
- Regulatory Compliance for SOX, GDPR, CGMP, FDA, EMA etc.
- Trial Milestones & Payments
- Representations, Warranties & Indemnifications
- Quality Obligations
Major Contract Types
- Contract Manufacturing Agreements
- Material Transfer Agreements
- Labor & Service Subcontracting
- Marketing Authorization Contracts
- Revenue Distribution Agreements
- GPO Supply Contracts
Key Provisions & Terms of Negotiations
- Terms of pricing, variance & target market
- Subjects of non-disclosure & distributor rights
- Limitations of Liabilities, Indemnities, Termination
- Damage policies & Servicing Schedules
- Royalty Stacking & Price protection policies
Major Contract Types
- QASP Contracts (Quality Assurance Surveillance)
- Drug Delivery Contracts (OTC vs Off label vs Special Provisions)
- Brand Sponsorship & Celebrity Endorsement Contracts
- Purchase Order & Supply Agreements
- Master Investigator Research Agreements
- Speaker Agreements
Key Provisions & Terms of Negotiations
- Corrective Action requests, Audits, Certificate of Conformance
- Higher-Level Contract Quality Requirements
- Sales policies, bonus agreements & incentive schemes
- Marketing Agency Rights
- Bill of Materials & Sale for Invoicing
Minimizing 3rd Party Contracts Risk
Compare 3rd party contract language with your pre-approved clauses and templates using NLP enabled algorithms. Gain visibility to potential risk based on inclusions, alternate language and exclusions of legal language.
Key Benefits
Simplified Contract work, Streamlined process control
Organize, govern and automate contracts across programs, sales ops, legal, vendor, marketing and clinical functions. Improve efficiency and adoption with seamless SharePoint, Outlook and Word based productivity.Faster Negotiation Cycles and Turnaround Times
Improved contract cycle times translates to faster internal and regulatory approval flows, improved speed-to-market and competitive advantage.Easier to discover potential Risks & Non-Compliance
Contract governance and discovery helps identify gaps in your active contracts, and enforce best practices through policies and workflows.Digitization for better Regulatory Compliance
Gain paperless control; Implement access control, User and Role based security, eApprovals, Audit trails with timestamps for better FDA, SOX, GxP and GDPR compliance.On-time Renewals and Obligations Management
Prevent service disruption and unwanted spend with end of term Renewals and Termination management; Avoid penalties for missed disclosure, payment and reporting obligations.Better insights & decisions across your Contract Portfolio
Overall financial and compliance insights such as revenue flow and royalties with forecasts and budgeting for your IP, grants and other Commercial agreements.
A patient-centric biotechnology company needs to oversee an end to end process of multiple contracts at a time. Routing of contract related tasks was limited to a single person, so the process was often choked in the absence of that person. The company was unable to figure out a way to know about upcoming tasks and critical deadlines associated with the contract.
With the successful implementation of eContracts, the company now uses a single platform to manage its contracts and monitor contract activities. Managing tasks related to contracts was simplified and users were getting notified proactively for upcoming deadlines.
Know how a biotech company achieved operational excellence in contract management using e-Contracts + Office 365 platform
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