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ManagementFlow Benefits Overview
ManagementFlow provides critical visibility and easy access to data and processes that are required in the current business world. It increases an organization’s ability to understand and control business relationships and activities and maximizes the value from each and every contract. Other benefits include:
Contract Management Benefits
- Greatly improved management of contracts across the enterprise, maximizing value from agreements as well as providing governance assurance.
- Optimized contract performance and delivery of services and / or products (proven reduction in cycle time as well as improved process efficiency), with minimized business risks.
- Streamlined and improved contracting processes and control across jurisdictions, geographies and languages.
- Greatly improved management information and reporting on contracts and contracted activities.
- Manageable conversion of legacy contracts, including paper-based agreements.
- Increased visibility of contract changes and full audit capability produces more accurate record keeping.
- A more streamlined contract management lifecycle from beginning to end which makes assembling, reviewing and processing contracts easier and more efficient.
- Improved visibility and quality of information related to contracts and the activities governed by those contracts.
- Better management decisions based on Business Intelligence gained through proper analysis of information related to contracts, performance of contracted activities and associated elements of operational risk.
- Effectively manage contracts and easily perform specific words searches in documents through the robust Find and Replace Panel and Inquiry functionality.
- Keep more detailed and accurate records of contract amendments through extensive redlining capabilities.
- Increased visibility across all templates enables users to view which contracts are linked to a parent or child template.
- Pinpoint and monitor which templates undergo the most number of changes and see which clauses are altered.
- Fast return on investment (ROI) – typically well under one year.
- Streamlined processes and improved collaboration that results in reduced operating expenses.
Business Relationship Management Benefits
- Improved access to information processes for all stakeholders (including internal staff and management) helps to
build better business relationships –a key part of Supplier and Customer Relationship Management.
- Improved creation and management of 3rd party papers which leads to stronger business relationships with
suppliers and customers.
- Improved involvement of internal staff in a collaborative contracting process and with greater visibility of important information and required actions.
- Easily keep track of business relationships by recording parent/child company hierarchies in tree format.
Technical Benefits
- Simple, yet comprehensive user interface driv
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