UNLEASH HIDDEN POTENTIAL IN YOUR CONTRACTS
Greater focus on post-signature contract management
Get StartedWhat happens to the contracts post signature?
- Do all stakeholders know their rights and obligations?
- Can you see what was promised and what actually happened related to contract clauses?
- Can you accurately verify invoices with actual and contracted performance?
If your answer is 'No', you need CormSquare Contract Compliance Management Software that can help in complete contract life-cycle management
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Contract Compliance Automation
Platform to automate post-signature management of contracts
Rights and Obligations
Extract your rights and obligations in a contract by translating clauses into actionable activities that require governance. They become the basis for managing performance, payments and compliance.
What Should Happen?
Translate actionable activities to standard project management entities namely the expected outcomes, person responsible, due dates, risks, dependencies, and workflow controls. The captured activities are used to set expected performance levels.
Compliance - What Happened?
Actual performance of the contract can be tracked. Built-in performance capture software can be integrated with enterprise software. CormSquare Multi-Enterprise Platform may also capture supplier performance. Use the Contract compliance dashboard for governance standards, compliance levels and track actions.
Invoice Reconciliation
Automatically verify incoming invoices with what was expected to happen in contracts. Reconcile the data with performance measures captured through supplier self-service portals. Integrate with a flexible workflow approval system for automatic routing.
Extract full value from Contracts
Minimize revenue leakage and ensure 100% compliance.
Contract Clause Configurator
Extract your rights and obligations and apply standard project management tools to your clauses. You identify clearly defined activities, define acceptable outcomes, milestones, person responsible, dependencies and so on. Apply 100% supplier and contract governance standards, processes and bring them under management.
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Clause Performance Manager
Through a supplier self-service portal, track captured performance of rights and obligations and match with plan. This gives real-time visibility of supplier performance. Use built-in mathematical tools for easy validation of performance with plan. Integrate with flexible workflows and collaborate on the system for resolution of issues.
Learn moreFinancial Analytics
Identify the financial impact of contract performance data and reconcile with invoices and see deep insights on different charges included in the contract. Built-in workflow allows approvals from different stake-holders so that you have a fully automated system for invoice processes.
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