Overview

The Contract Review & Approval App simplifies the submission, review, approval and management of contracts in one easy to use tool.

No longer will your staff have to search their inbox or hard drive for the latest version or keep an Excel spreadsheet to manage their contracts. With the Onit Contract Review & Approval App, everybody involved will know exactly:

  • Where contracts are in the process
  • Who completed the last revision
  • Why a contract is blocked
  • What the next step is

Contracts are the foundation of your business. They directly impact your ability to meet sales goals and execute on corporate initiatives. But, getting a contract reviewed and approved requires involvement from multiple departments and in most cases the entire process is handled by email.

Leaving the legal department with far too little visibility as to where a contract is, how long it's been there or when it's expected to be completed. Since contracts are so critical, a simple, reliable process to execute their review, approval, execution and management is essential.

Companies that implement a transparent contract review and approval process compress their revenue cycle, have better supplier and vendor relationships, achieve higher contract compliance rates, mitigate risks by having fewer contractual exceptions, and increase internal and external customer satisfaction. Legal, sales, sourcing and contracting organizations can all drive significant business benefit from implementing Onit's Contract Review & Approval App.