Contract Management

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Whether it’s a law firm or vendor agreement, non-disclosure agreement, purchase order, partnership or consulting engagement or some other business arrangement, successful enterprises are built on contracts. Why, then, is the management of these critical documents left up to a patchwork of people and departments? Businesses need better visibility into where a contract is, how long it’s been there, and when it’s expected to be completed. That’s especially true now that financial reporting is required to mitigate company risk, improve contract compliance and enhance operational efficiency.

Onit’s contract management solution creates a simple and reliable process for getting new contracts into the system, approving those contracts and then managing and storing them. Business, legal, and even financial contract approvers have access to one central location to collaborate and approve contracts as they move through the contract lifecycle process.

Our solution works so well that we have repeatedly been recognized as one of the Top 20 Contract Management providers by Capterra.

Benefits

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Added Visibility

Centralizing your contracts allows visibility throughout their lifecycle. You can see a document’s history, including all previous versions and can create reports based on any data field in a personalized dashboard.

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Simplified Management

Easily collaborate with reviewers and departments directly. Email updates can also be sent to contracts through an assigned unique email address. Email notifications can be configured for multiple events, including new contract requests, comments, tasks, updates and documents.

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Custom Intake Forms

Custom intake and data forms allow multiple contract types with the capability to support context sensitive data capture. Some contract types supported include NDAs, MSAs, SOWs, etc. Fields can be easily configured by contract type and reminders can be based on business rules.

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Flexible Workflow

Workflow can be configured relative to contract type or matched to your unique business needs.

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Data Collection

Users can capture data at the source with powerful forms, questions and checklists when the request is initiated.

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Powerful Reporting and Analytics

A dashboard allows stake holders to quickly view and analyze the department’s progress on contracts and certain bottlenecks that may appear.

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Centralized Repository

A complete contract repository allows users to organize lifecycle information such as participants, documents, milestones, negotiations, status reports, key dates and provisions.

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E-sign Capabilities

Users can electronically sign contracts upon execution and manage them in one easy-to-use tool.

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Real-Time Contract Routing

Authorized users can make changes to the workflow and add approvers on the fly by simply clicking a button.

When it comes to managing contracts, simpler is better. Get better visibility into your agreements with streamlined contract management processes.

LEARN MORE IN OUR WHITE PAPER
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Kirsten Taitelbaum

Director of Legal Finance and Operations, DaVita Healthcare Partners

“I seem to find most of my problems can be solved with an Onit solution. They are very easy to get set up and the customer support team is great at responding quickly and making updates as we identify changes we need. This solution has improved our intake process ... We have recently found that other departments are now asking us for access to the information we have in there because it is so valuable!”

Sirota Consulting

"Onit brings value to all aspects of our contracts management program. Their leading-edge technology, innovative approach, and results-oriented execution have helped us to build a world-class contract management process. Onit has become a valued partner!”

Consilio

"These tools can help legal teams get ahead of the game by simplifying labyrinthine approval workflows, enhancing their visibility into the contracting process, mitigating business risk and improving the organization’s contracting posture, all the while adding greater value to the business."

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