We didn't know we needed such a customizable piece of software until we really got into the project. EnterpriseWizard gave us everything we needed.
Brian Pollock DCG Systems

Summary

The Contract Management Software is essential to building a thriving business, but it also requires development and assessment of experience. The first step to the process is when the CMS captures or detects any commonalities in the agreements. The next step is the legal validation of all templates, clauses and business terms. The Contract Management Software will prove to be valuable to template management by streamlining the development of all contracts. The CMS will monitor performance by allowing senior controllers to improve and redefine the focus of the organization, even through changes made to the business or political environment.

ROI

The costs that can be saved by using the Contract Management Software are:

• Those that involve storing, locating, dispatching and losing all paper documents.
• Those that involve creating contracts independently, without checking for commonalities and rationalizing them through templates.
• The cost of separately validating each contract.
• The cost of non-compliance with each contract.
• Failure to collect or recognize the receivables that are due.
• The inefficient renewal of contracts that are due to expire or that are detected too late.
• The late fees for contracts that have not been renewed.
• The legal costs for validating contracts that have been refined.

Over and above all of this, the dashboards and business term summaries will allow for the enhancement of the organization’s direction through higher management.