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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.
Contract Lifecycle Management Software
Centralized, secure repository Powerful search and analytics tools Effectively managing key milestones Templates ready for use
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Small (<50 employees), Medium (50 to 1000 Enterprise (>1001 employees)
OpenText Contract Management
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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.
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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.
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