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Manufacturing

Effective contract management is essential to the success of every organization. Over 80 percent of business transactions include contracts, which in recent years have become more complex. Contracts are the legal representation of a relationship and allow for clearly defined and agreed upon terms. Manual processes tend to make it difficult to enforce these contracts and track obligations and can open you up to risk and liability. ScerIS’s solutions help you to mitigate these risks and optimize your contract management processes.

There is a sluggish pace associated with the process of moving papers back and forth between different departments and enterprises. This often drives companies to start working with one another before a contract has even been completed. Alternatively, it could force them to hold off work all together until an agreement is reached. Without immediate access, contracts can expire and incur holdover costs or worse, result in litigation. Monitoring contracts is extremely costly and results in a decrease in the amount of time your company can spend negotiating favorable contracts. Using ScerIS to standardize workflows can accelerate the negotiation process by as much as fifty percent, increase collaboration compliance and save money on both sides.

Examples of Common Opportunities:

Assembly

The ScerIS solution places all contracts in one central location, offering the ability to standardize legal language and recall clauses and templates, which in turn, reduces the collaboration effort required to build a contract. New contracts can be integrated into a workflow for approval and emailed, faxed or printed for distribution. 

Archive

Once a contract is in place, customers, suppliers and business partners have access via secure online availability. Your company can easily track old contracts for compliance and profitability. You can also view whether you have worked with a particular vendor in the past and what terms you had previously agreed upon. With this increased visibility and control, disputes can be resolved in a matter of minutes, rather than weeks.

With ScerIS, there is no more searching through filing cabinets to locate contracts. Record all of your contract details and gain access to information including milestones, dates, documents, events and transactions in a matter of seconds. The tracking and management of contract details has never been easier. Full audit trails and process management capabilities allow complete control and visibility over all of your company’s assets.

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