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Ultria
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Ultria

Overview
Synopsis

Ultria has divided its offerings into three key product modules – Contract Authoring, Contract Repository and Post-Award Contract Compliance Management.

Category

Contract Lifecycle Management

Features

• Contract Authoring: Word plug-in, Version tracking,Clause library, and Automated approval workflows.
• Contract Repository: Access based storage,Intelligent search,Alerts and reminders, and Renewals management.
• Contract Analytics:Obligations management,Compliance management,Performance management, and Reports and dashboards.
• Integration: Salesforce / ERP, External portal / Request portal,Outlook request form and Data migration

License

Annual use license

Pricing

Per user pricing based on role (e.g. power users, specific business users)

Free Trial

Not applicable

Users Size

Ideal for 50 or more users

User Industry

Various kinds of industry including healthcare, pharmaceuticals, food and beverages, logistics and supplychain, automotives, oil and energy, real estate, information technology, financial services, telecommunications, media and entertainment and much more.

Support

We offer 24x5 online Q&A support as well as 24x7 ticket based support.

Languages

We are language agnostic. We support all major languages such as French, Spanish, Portugese, Mandarin, Japanese and more in the user interface.

Countries

United States and Canada

Company

Ultria is a division of Verdantis Technologies.

What is best?

• Contract Authoring: Word plug-in, Version tracking,Clause library, and Automated approval workflows.
• Contract Repository: Access based storage,Intelligent search,Alerts and reminders, and Renewals management.
• Contract Analytics:Obligations management,Compliance management,Performance management, and Reports and dashboards.
• Integration: Salesforce / ERP, External portal / Request portal,Outlook request form and Data migration

What are the benefits?

•Faster contract creation and approvals
•Greater contract compatibility as per approved legal clauses and policies
•Greater transparency to all stakeholders across the contract lifecycle
•Cost savings due to increased productivity of legal, contracting and sales operations
•Penalty and risk avoidance through comprehensive obligation tracking and regulatory compliance

PAT Rating™ ( Beta)
Editor Rating
Aggregated User Rating
Rate Here
Ease of use
8.5
6.5
Features & Functionality
8.4
9.7
Advanced Features
8.3
8.7
Integration
8.4
9.7
Performance
8.3
9.3
Customer Support
8.5
9.2
Implementation
9.0
Renew & Recommend
10
Bottom Line

Ultria’s contract management product comes with a legacy of successful deployments over more than seven years. Ultria focuses on helping organizations boost their contract management processes and deliver value to their legal and revenue teams.

8.4
Editor Rating
9.0
Aggregated User Rating
3 ratings
You have rated this

Ultria is the contract management division of Verdantis, Inc. (an organization which has been providing enterprise critical SaaS Governance and Stewardship solutions to G1000 companies for over 14 years). Ultria’s contract management product comes with a legacy of successful deployments over more than seven years.

Ultria focuses on helping organizations boost their contract management processes and deliver value to their legal and revenue teams. Ultria’s artificial intelligence (AI) based Contract Management product portfolio involves features to accelerate and control all the stages of a contract’s lifecycle: (1) Request – ability to request for a new contract from within internal or external portals, CRM, MS Outlook©; (2) Draft – creation of agreement draft via MS Word© or from within the Ultria CLM portal while having access to pre-approved templates and clauses; (3) Negotiate and Review – easy and comprehensive version tracking with side-by-side on-screen comparison; (4) Sign-off – configurable and automated approval workflow routing for accelerated contract sign-offs; (5) Performance management – tracking contract utilization and obligations through integration with ERPs, CRM and BI tools; (6) Expiry and renewals – alerts and reminders along with user-defined dashboards and reporting for tracking various deadlines related to contract expiry.

Keeping in mind these six key stages, Ultria has divided its offerings into three key product modules – Contract Authoring, Contract Repository and Post-Award Contract Compliance Management. Contract authoring module simplifies the contract creation process through a host of easy to use features which include a wizard-based step by step guide and a dynamic approval workflow. Its winning highlight is the MS Word© integration of course which helps in on-the-fly editing and track-changing in the ubiquitous ‘Doc’ format and thereby removes the need for users to log into the solution interface for basic contract textual review and edits.

The contract repository module on the other hand leverages the power of true digitization where search abilities are enhanced with meta data tagging, multi-parameter search terms, free text search and intelligent clause and phrase level discovery. The third piece, which is the post-award contract compliance management, helps in mitigating risks associated with the ever-changing regulation landscape viz, enforcement of clauses, tracking missed obligations, risk profiling etc. Together, the three modules harness the power of artificial intelligence in the context of contract management to bring together speed and control in the legal team’s day to day operations.

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

Ultria Features

  • Word plug-in
  • Version tracking
  • Clause library
  • Automated approval workflows
  • Access based storage
  • Intelligent search
  • Alerts and reminders
  • Renewals management
  • Obligations management
  • Compliance management
  • Performance management
  • Reports and dashboards
  • Salesforce / ERP integration
  • External portal / Request portal integration
  • Outlook request form
  • Data migration

Ultria Pricing

Custom Quote


  • We offer per user pricing based on role (e.g. power users, specific business users).

Ultria MobileApp

Ultria contract management is available for its users on the app stores. Its mobile app makes life simple as users can execute various routine tasks on the go like tracking approvals, receiving alerts and reminders, approving contracts, collaborating with other stakeholders.
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About The Author
Ultria CLM