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OpenText Contract Management
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Review

OpenText Contract Management

Overview
Synopsis

OpenText Contract Center provides a completed integrated solution for all types of contracts, including buy-side, sell-side, and other legal agreements. It is an out-of-the-box solution for all aspects of contract processing, from initiation and request, to authoring, negotiation, approval, execution, management, and renewal.

Category

Contract Lifecycle Management Software

Features

Centralized, secure repository
Powerful search and analytics tools
Effectively managing key milestones
Templates ready for use

License

Proprietary

Price

Contact for pricing information.

Pricing

Subscription

Free Trial

Available

Users Size

Small (<50 employees), Medium (50 to 1000 employees), Enterprise (>1001 employees)

Company

OpenText Contract Management

PAT Rating™ ( Beta)
Editor Rating
Aggregated User Rating
Rate Here
Ease of use
8.7
8.0
Features & Functionality
8.9
8.7
Advanced Features
8.9
8.4
Integration
8.7
8.7
Performance
8.8
9.2
Customer Support
8.8
8.7
Implementation
8.2
Renew & Recommend
9.1
Bottom Line

OpenText Contract Center provides a holistic, strategic and flexible approach to support your organization’s contracting processes. It does this with a completely integrated solution that implements contract management best practices, supported by an enterprise-class process automation platform and a best-in-class information
governance framework.

8.8
Editor Rating
8.6
Aggregated User Rating
1 rating
You have rated this

Open Text Contract Management provides a completed integrated solution for all types of contracts, including buy-side, sell-side, and other legal agreements. It is an out-of-the-box solution for all aspects of contract processing, from initiation and request, to authoring, negotiation, approval, execution, management, and renewal. Open Text Contract Management Rapidly locates all contract knowledge across the enterprise through a centralized, secure repository.

It enforces contract standardization and minimizes risk through use of templates that incorporate approved language as well as accelerate cycle times and reduce operational costs by automating the creation, review, approval and even execution processes. Users can take advantage of contract incentives by effectively managing key milestones and ensure adherence to terms and conditions.

On the other hand, proactively manage renewals for increased revenue and cost savings as it also provides powerful search and analytics tools enable extensive insight into contract performance. Control archiving and dispositions, making sure contracts age appropriately minimizing exposure to risk due to non-compliance.Another feature would be Open Text Contract Center which improves profitability and reduces risk for organizations by ensuring consistent, secure contract policies and processes from creation through fulfillment.

With Open Text, users can drive the digital transformation of both buy- and sell-side contract processing, shortening cycle times, lowering processing costs, and improving customer service. A holistic, flexible solution, Open Text Contract Center is purpose-built to support strategic contracting initiatives for global enterprises.

You may like to read: Top Contract Lifecycle Management Software, Top Free Contract Management Software and How to Select the Best Contract Lifecycle Management Software for Your Business

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1 Reviews
  • Magnus
    March 14, 2017 at 3:26 pm

    Extend byDesign with features like document scanning and comprehensive workflow-controls

    Company size

    Enterprise (>1001)

    User Role

    IT Support

    User Industry

    Construction

    Rating
    Ease of use8

    Features & Functionality8.7

    Enables you apply records management controls, and advance your data search by accessing ERP and EIM data once.

    Advanced Features8.4

    Integration8.7

    Training 8.7

    Customer Support8.7

    Implementation8.2

    ADDITIONAL INFORMATION
    The platform enables you access and integrate content and information of your EIM system throughout and into SAP Business ByDesign. The platform enables you to improve your information management and reduce costs of enterprise content management. The EIM and ERP make it easy to advance your data search.

Ease of use
Features & Functionality
Advanced Features
Integration
Performance
Customer Support
Implementation
Renew & Recommend

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