Caprivi Solutions Contract Management Software

Caprivi Solutions contract management solutions can help meet or even exceed business expectations for a SharePoint based platform that is within the budget and straightforward in addressing requirements.

Most organizations have defined their contract signing processes very well which helps them management these tasks without the excess administrative costs and problems. Issues always arise in the end-to-end lifecycle of managing a signed contract.

Most contracts would have a combination of Product Schedules, Master Agreement, Service Agreements and Non-Disclosure Agreements (NDA), making it very difficult for users to be able to respond to the most critical dates or even view compliance details that could be hidden within the text of contracts.

Key Issues Addressed By Caprivi Solutions Contract Management Software

Among the common issues identified by the customers in contract management include financial losses. In service agreements which contain auto renewal clauses, customers might tend to overlook these contracts, resulting to paying for products or services that might no longer be needed by an organization. It can be the opposite case in cases where failure to renew contracts on expiration dates would cause failure of coverage for critical services and equipment. Both cases require auto-renewal notification to get the processing of contracts furnished.

Majority of contracts would have a great number of stakeholders who need to have access to important information that might be hidden in the text. These kinds of information include renewal details, price escalation information or penalty clauses. Without access to these vital sets of information, an organization is at the risk of making costly mistakes.

Lost documentations cost many organizations so much money. On an average, an organization loses from 5-10% of its contract documents. This can be attributed to a disorganized system. Lack of visibility is another issue tackled by most organizations which do not have an organized system deployed, which is supposed to improve transparency of processes, especially of the larger suppliers.

Poor visibility of active contracts might lead to bad duplications which can waste a lot of time. When it comes to document management, retrieving a document in a highly disorganized and manual system can be very tedious. In such environment, searching for a single document is an entirely difficult process, and sometimes impossible to do.

Caprivi Solutions: SharePoint Contract Management Software

Caprivi Solutions presents its SharePoint Contract Management solution which addresses issues associated with contract lifecycle management after all parties have signed the contract. Its focus is on efficient contract management tools which adds value to customers with the capability in addressing the above-mentioned issues in contract lifecycle.

The platform has an electronic storage of all signed agreements within an organized system that is equipped with high security. The system could automatically trigger to assign the Review Tasks according to the date of expiration on contracts and other processes and rules which are easily configured by an authorized user.

Escalations based on configured work hours and other rules are more intelligently done with this platform. Users can get searchable views of all important clauses, terms, contracts and their statuses. There are also audit reports that show real-time developments like approval cycle times, decisions made, and outcomes.

Basic deployment allows single or simultaneous user view of all contracts with the functionality of filtering. Process statistics, renewal process instance, approval audit trails, and other reports needed for improved visibility are promised with the automated contract management software by Caprivi Solutions.