Digitize contractual agreements and access them anywhere, anytime in our cloud-based contract automation software. Avoid costly unwanted renewals, and ensure that terms and conditions are adhered to with an online contacts repository.
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 at your fingertips gives you the data and power to manage contract negotiations at ease. Advanced search allows you to track down contracts and terms in seconds.
Automated alerts help you remember renewals, ensuring you never miss an opportunity to negotiate with your suppliers.
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
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.
Our application allows you to search and locate any type of contract and key data within seconds. Use advanced search filters to sieve 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.
Medius Contract Management can be integrated into your ERP, but the solution is a stand-alone application that doesn’t require an integration. This way, our intuitive contract management software gets you up and running in weeks, rather than months. It features:
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.
We provide 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.
Centralizing all your contracts in a secure cloud-based system gives every authorized individual instant access to the documents they need with just a few clicks. Control user permissions for access and updates to sensitive and confidential documents.
No longer do you need to chase down signatures for your agreements with the seamless integrations with DocuSign. Once your agreements are signed, a PDF is issued to all parties and recorded within Medius Contract Management. With our deep integration with Microsoft Office, you will capture 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 pressure for them as well.
Monitoring and managing all your contracts can be a complex task, especially if you still rely on spreadsheets, shared drives, or even 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 contract management process that is managed poorly can result in exposure to legal risks, which is a hefty price to pay when a large portion of revenue is governed by contracts. Poor contract management can also cause key dates to be missed. The objective of a contract management software is to mitigate these risks by establishing a system of record and notify users of important contract dates.
A contract management system eliminates tedious tasks such as manually entering contract information. It also saves you the job of rifling through disparate paper-based systems, Excel spreadsheets, and even online document management systems with limited control and instead promotes a secure and integrated approach. It helps you scrutinize and understand your supplier agreements.
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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