Contract Management

Contracts are the lifeblood of every organization. That’s why you need to do more than just manage them; you have to exercise absolute control. Turn contracts into assets with the most configurable, powerful and scalable contract management solution available.

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How Determine Contract Management
works for you.

Contracts establish more than terms and conditions. They instill confidence. They let everyone involved know what was negotiated, what’s deliverable, what’s expected. Our Contract Management solution makes everything automated, built in, simple— paperless and seamless across departments. Guardrails and alerts keep it all on track; you’re free to focus on building business and bottom-line value. Nobody knows how to build contracts that keep business in motion better than us.

But having the ultimate CLM is just the beginning; truly leveraging it means thinking much bigger and taking an enterprise-wide strategy. Turn each and every contract into a leveragable asset with our Enterprise CLM approach.

Why Contract Management is Critical:

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60% of corporate
litigations are related to
contract disputes.

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73% indicated
“price changes”
as the most common
contract dispute.

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12% to 15% of contracts
lost or unaccounted for
in organizations.

 

Source: Aberdeen Group

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Contract Repository: Control starts with access

You can’t manage what you can’t see. Our cloud-based contract repository works like contract “central station”, making every contract, agreement and attachment instantly accessible. Usable. Easy-as-Google search functionality makes it simple to find what you need using real words in a contextual search based on multiple and customizable criteria (contract type, BU, language, etc.) for quick, secure access to all your contracts. Quickly identify the highlights of existing contracts for getting a comprehensive view of ongoing obligations, analysis, reporting, renewals and key dates. Alerts let you know what needs your attention. You’re in complete control no matter how many contracts are in your docket.

Gartner
Research

"By the close of 2017, contractual complexity and audit scrutiny will drive a 40% or higher increase in CLM solution adoption."

Authoring & Negotiation: Keep everyone on the same page

You want what you want, the counterparty wants what they want. The art of the deal, and our Contract Management solution, is keeping both sides abreast of content instead of contentious. Automated contract authoring capabilities improve the time and effort it takes to get both internal and external stakeholders to the dotted line.

Our advanced workflow capabilities control sending, version tracking and redlining for new and renegotiated contracts. Better tools turn contracts into collaboration.

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Clause & Risk Tracking: Replacing risk with reward

Contract Management is risk management. Our contract management solution is like having a compliance team watching over your shoulder, looking out for your best interests. You’ll never leave out critical items, thanks to robust tools for managing tagging for clause usage, compliance, risk level and collaborative notes. Better risk and obligations management at the contract level ensure contracts don’t end up working against you.

CLM by Numbers

CLM by the numbers

1-2% improvement in revenue
50% reduction in contract cycle times
25% boost in contract renewal rates
55% increase in contract compliance

(Stats taken from Forrester and Aberdeen)

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CRM with Salesforce

Seamless integration with Salesforce simplifies sales and legal collaboration. Our contract creation with complete end-to-end functionality makes it possible with our platform.

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Our CLM Partners

Through our dynamic partner ecosystem of technology providers, consultants, business services and more, we provide innovation (and service) with global coverage and local delivery.

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eSignature

Speed up the authoring-to-execution timeline, improve collaboration and keep a detailed audit trail of who signed what and when by automating the review process and providing visibility into a contract’s progress.

With our partners, Adobe eSign and DocuSign, Determine let’s you control who sees what and when, and keeps deals moving quickly by providing parallel, serial and customizable approval paths. Signature workflow log tracks all significant contract events—from approvals to task reassignments, rejections, notes and relevant contract details.

"Organizations hold an average of 20,000 - 40,000 contracts—since they’re a main source of revenue why risk contract errors, delays, or worse...missing a contract renewal?"

PricewaterhouseCoopers

Lifecycle Management: Control from beginning to renewal

Ensuring that contracts don’t take on a life of their own, Determine Contract Lifecycle Management puts you in charge at every stage. User-driven dashboards provide visibility, insight and control throughout the contract ecosystem. Ensure compliance, meet obligations, leverage discounts, never miss renewals. Every contract, every time.

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Explore the nine stages of Contract Lifecycle Management

Ready to make your contracts work harder than ever?

Dial up the power when you combine solutions. Our CLM, like all our solutions, is built to run on the Determine integrated platform. Start with one or two applications to meet your immediate needs, then add more capabilities as you need them. You’ll achieve exponential results—seamlessly.

Contact us at 1.877.806.1932 or schedule a live demo today.

Why Determine

Our Holistic Approach

Individual solution insights, big picture view; only we give you both. End-to-end source-to-pay and contract management solutions, Business Process Management engine, advanced analytics, Open API and business network combine full visibility with total control.

Our Pedigree

Our 40+ collective years of pioneering experience provide you with a heritage of innovation and unparalleled depth of capabilities. Determine is truly unique. No other firm out there today can boast the same level of collective experience in strategic sourcing, contract management and procure to pay.

Industry Recognitions

There’s a lot riding on your initiatives, and you want someone with a reputation for getting things done. Recognized by leading analyst firms including the Gartner Magic Quadrant, Forrester Wave and others, we provide you with absolute confidence of solutions that have been vetted by both industry pundits and practitioners.

Our Solutions

Unmatched scalability, configurability, agility. Our suite of source-to-pay and contract management solutions become truly your own through customized applications and seamless integration with whatever systems you’re running.

Our Technology

At the heart of our solutions is the Determine BPM Engine. From enhanced security to dynamic workflow, application integration, audit trail and more, it’s the most powerful tool for you to turn business process complexity into simple competitive advantage.

Our People

We’re a pioneering industry leader because of our people and their unprecedented knowledge base. Many as former practitioners in the field, we know source to pay and contract management best practices better than anyone because we developed them. Just ask the leading companies that turn to us.

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