Contract Governance and Risk Management

Governance areas in eContracts corresponds to an area which follows uniform ownership and processes. Each area can be thought of as a repository with it’s unique set of permissions, workflows, processes, templates and defaults. You can manage departments, teams, divisions or locations in the organization as individual governance areas.

Contract Governance and Risk Management

Users and Roles Management

Avail highly configurable and granular user management with predefined user types like Contract Administrators, Business Owners, Approvers, Reviewers and Business Users with standard or custom permissions. Manage permission levels including Full Control, Contribute and Read Only at a Contract Record, Business Area or System level.

Contract Governance and Risk Management

Contract Labels, Clauses and Terms

Tag and label contracts with key clauses and terms, non-standard positions and risk levels to support legal and compliance search, reporting and workflows. Use configurable color coded labels with automatic flagging of contract records based on conditions such as high-value, GDPR Compliant, etc.

Contract Governance and Risk Management

Tracking of financials, contract spend, revenue projections (estimates), obligations and reporting is enabled on-demand for contracts with long-term commitments. Financial integrations provide reconciliation of obligations with invoices and purchase orders created in your accounting software.

Contract Governance and Risk Management

eContracts provides support for formal approval sign-offs from stakeholders prior to signature. You can include a term sheet and route a contract record through a multi-stage approval workflow with conditional task assignment, user and time stamp capture and configured escalations.