In recent years, the trend has moved solidly towards enterprise-wide management. The only problem has been that different divisions and departments use different software systems and reporting procedures so that attempts to roll up an enterprise-wide look leave managers comparing apples to oranges.
Real-time Dashboard and Reporting
In the world of contract management , it’s now possible to have an enterprise-wide view of all contract lifecycles “ in one place. With ConvergePoint SharePoint Contract Management Software, a real-time dashboard allows you to see general status overviews, review expiration dates, determine cycle times, and even find specific contract details where needed.
The system is fully customizable, so you can group contracts by certain divisions or areas. You can then run ad-hoc reports as needed, for example on new activity or expiring contracts. You may want to update and change your views overtime, depending on which slice of the company or products you need to track at one time.
Tracking contracts through the lifecycle
The ConvergePoint Contract Management System essentially becomes a collaborative workroom. All contract documents are stored in one place throughout the authoring, review and approval process. So, management can use the system not only to track activity on executed contracts, but also to track where contracts are throughout the approval process.
As with all ConvergePoint Compliance Software, the SharePoint contract management software provides an easy to track audit trail. This ability to keep an eye at all points of the lifecycle, and knowing who touched which piece when, is a dream come true for risk management officers.