8over8 Contract Management Software

8over8 contract management software brings a promise of efficient operation and building of assets for organizations. It hopes to find an answer to the complicated world of capital contracts. This contract management solutions will bring benefits to organizations which build and operate assets.

The application hopes to provide target solutions to the issues faced by enterprises on a day-to-day basis. It is more applicable for organizations that need to manage large capital contracts. This developer understands the huge complexity of large investments and the associated risks shared among multiple partners.

8over8 contract management solution brings ProCon which is a web-based application that is designed to facilitate your organization’s planning, execution and management of contracts according to the best practices deployed in your organization. You can have the application deployed from the initial selection of your business concept throughout the entire process in designing, building, operating, and decommissioning of assets. It can also be deployed for specific contract phase of an entire lifecycle. 

The Procon Benefits: 8over8 Contract Management Software

ProCon contract management application by 8over8 is a very robust software solution that meets the needs of an organization’s team for the management of capital contracts. It can be deployed prior, during, and after a contract is awarded. This software is a comprehensive solution that can be used by businesses in the development and awarding of contracts in projects which are complex and with strict timelines.

8over8 contract management software’s ProCon may be utilized in the development of strategies for contracting in order to deliver the best practices. It will serve as a guide for the contracting team in awarding a contract. The Pre-award phase in contracting can be very demanding. ProCon makes it simpler by having all stakeholders internally involved to work together in a centralized master system.

ProCon contract management solution can also be used with an external Portal that allows bid management teams and suppliers to access data points common to the parties. These stakeholders may also communicate over secure electronic channels.

ProCon by 8over8 is a contract management software that can store standard templates for contracts in its library which can be reused as best practice models. New contracts may be created from such best practice models which can finalize contract documents from templates for clause and exhibits.

Contracts that have been awarded are stored in the application’s Contract Register which also allows reporting of other contract data like Name, Description, Contract Number, Contract Commitment, Budget, Contractor, Key Dates, and other contract-related information.

Features Of 8over8 Contract Management Software

8over8 contract management software has functionalities which allows mapping of business processes where standard terminology and communication types can be defined too. With the use of the ProCon portal and Contract Communications Register, businesses and contractors can easily communicate with the use of a cohesive platform for contracting.

All changes, decisions and communications affecting contracts may now be categorized and stored in a timeline that can be audited. This helps support important decision making processes, capable of flagging risks attributed to contracts, streamlining visibility across an organization.

8over8 contract management software features an alert system that notifies all parties on new risks that arise. Those who need to know such risks are notified automatically. The application hopes to be a comprehensive solution for large projects.