Use Medius Contract Management to store and manage contract records through their entire lifecycle from initial creation to termination and archival. Built on the same AI-native platform that manages $400bn+ in annual spend across 3,000+ customers, Medius brings intelligent automation to every stage of the contract lifecycle.
Quickly create and edit any type of contract with flexible pre-configured templates. You can attach key information such as financials or risk assessments, helping to contextualize agreements.
Real-time reporting gives you the data and power to easily manage contract negotiations. Advanced search allows you to quickly track down contracts and terms.
Automated alerts help you remember renewals, ensuring you never miss an opportunity to negotiate with your suppliers. Medius Contract Management has been shown to trim the number of lapsed contracts by 39%*, a direct, measurable impact on compliance and cost.
Create any type of contract using flexible pre-set templates configured to your business requirements. Specify detailed metadata, descriptions, and contract types at the click of a button. Activate user permissions and controls for sensitive and confidential documents.
With Medius Contract Management, you can integrate with the world’s market-leading eSignature provider, DocuSign. This allows you to securely sign contracts electronically, across a desktop, tablet, or mobile device. In addition, we offer an automatic issuing of PDF contracts following signature completion.
Access reports and analytics for key contract data with a single click. Real-time reports help you negotiate contract terms and costs. Create multiple project plans with repeat reminders, custom dates, and alerts.
Search and locate any type of contract and key data quickly with Medius Contract Management. Use advanced search filters to search through suppliers, multiple contracts, and historical data within a contract. Create parent and child relationships between contracts and important documents. You can also link agreements, sub-contracts, and renewals to any contract.
“We’ve designed SolutionMap to aid the practitioner so they may better understand and analyze the customer experiences, market developments and technological innovation of the myriad solution providers by process competency,” said Jason Busch, Founder and CEO of Spend Matters.
Take a look at Medius Contract Management in this two minute product tour.
Medius Contract Management can be integrated into your ERP, but the solution is a stand-alone application that doesn’t require an integration. With 100+ ERP connectors available, including SAP, Oracle, Microsoft Dynamics, NetSuite, and Infor, Medius fits into your existing stack without disruption. Our intuitive contract management software gets you up and running in weeks, rather than months. It features:
Unmanaged contracts, lengthy and expensive processes deplete money and resources
*Source: Raising the World-Class Bar in Procurement Through Digital Transformation, The Hackett Group 2018
Medius Contract Management system follows each contract at every stage of the review, approval, and signing process while capturing all contract data along the way. It also comes with renewal monitoring and version tracking, giving you the visibility and audit compliance you need for successful contract management.
You no longer need to search for paper contracts housed in multiple locations. All your contracts can be found in one easy-to-use location. Quickly create and edit any type of contract with flexible, pre-configured templates, reducing time to locate a contract by up to 52%*.
Automated reminders so you will never miss any contract renewals again, ensuring that all contracts are negotiated at the right time. Avoid rollovers, negotiate better contract terms, and maximize cost-saving opportunities.
Medius operates on ISO 27001-certified, SOC 1 & SOC 2 Type II-compliant infrastructure, with AES-256 encryption and a SecurityScorecard rating of A (98). Centralizing all your contracts in this secure cloud-based environment gives every authorized individual instant access to the documents they need, with user-permission controls for sensitive and confidential documents.
No longer do you need to chase down signatures. The seamless DocuSign integration issues a signed PDF to all parties, recorded automatically within Medius Contract Management. Deep Microsoft Office integration captures red-lined negotiations between you and your suppliers.
A contract management software is used to manage the creation, negotiation, signature, renewal, and data analysis of supplier contracts. It enables businesses to manage routine tasks associated with contracts more efficiently at scale.
Using a contract management system helps teams manage the stages of establishing a contract with little manual work, creating a streamlined process. Often, legal departments are inundated with contract management tasks, so deploying a software to perform these tasks can relieve that pressure.
Monitoring and managing all your contracts can be a complex task, especially if you still rely on spreadsheets, shared drives, or paper-based documents. As a result, many contracts and contract terms can go unseen and unchallenged, with poor terms rolling over year after year.
A poorly managed contract process creates exposure to legal risks, a significant liability when a large portion of revenue is governed by contracts. Key dates get missed. Obligations go unmonitored. Medius Contract Management mitigates these risks by establishing a system of record and notifying users of important contract dates.
A contract management system eliminates tedious tasks such as manually entering contract information. It removes the need to search through disparate paper-based systems, spreadsheets, and document repositories with limited control, replacing them with a secure, integrated approach. The system follows each contract at every stage of the review, approval, and signing process while capturing all contract data along the way. It also comes with renewal monitoring and version tracing, giving you the visibility and audit trail you need for successful contract management.
"Medius Contract Management delivers rapid, secure and highly intuitive management of all contract types and associated documents. Integration with DocuSign, the market-leading digital signature platform, further enables the very best in document management and control."
Luke Howliston
Director of Business Process and Procurement, BetVictor
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