ContractWorks makes it easy to categorize, assess, and prioritize contracts that have tangible effects on your company's bottom line. Easily set up the contract management solution to alert you before an opportunity to maximize contract value or eliminate unnecessary spending passes. Keep track of billing and auto-renewal dates, special terms, and contractual obligations to ensure you're always on top of the financial components of your company's contracts.
Using a combination of Smart Tags, user-defined tags, and custom reporting, you’ll see exactly how your spending breaks down, so you can identify ways to cut costs. Alerts and notifications help you stay on top of billing expectations, contract obligations, and special terms and conditions. You'll never miss a contract expiration date or automatic renewal again.
Develop new strategies for cost savings with clear reporting that offers insight into spending and makes it easy to understand revenue impacts. OCR and advanced search features let you find specific clauses and keywords in your agreements in seconds. Snippet View allows you to see where those terms appear across multiple documents, making it easy to find opportunities for renegotiation.
“It’s made a huge impact for Finance. Our new process using ContractWorks saves time and it also tightens the financial controls because they know that the contracts don’t go out unless 1. Finance has approved it and 2. a purchase order has been issued.”
There are hundreds of contract management solutions on the market. Download our guide to quickly determine which one is the best fit for your needs.
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