Contract Management

In business practice, contract management is the base for acting in a compliant and economic manner. A practice-oriented solution is required in order to deal efficiently with the contract lifecycle in all of its complexity, including adherence to legal guidelines. Therefore, ELO contract management not only offers structured contract administration and archiving but also contract controlling capabilities.

After all, the structured management of the content of contracts is what  counts. Besides contract administration, archiving and controlling, integrated risk management is also particularly to the forefront. ELO can provide a complete contract management solution which fulfils all of these requirements:

• Processes such as contract creation, conclusion and administration are automated.
• Costs and deadlines are monitored using intelligent reminders and analyses.
• Opportunities and risks are recognised and avoided thanks to the overview of the active contractual relationships.
• Competitiveness and profitability are sustainably increased.

Secure and simple administration of contracts

A document is sent by linking to the document in the archive. The easy-to-comprehend workflows manage the allocation of the work processes and considerably accelerate these, e.g. with regard to checking and release or reminders that a contract may need to be terminated / renewed. 

• ELO automatically assigns the documents to the respective administrator in the company.
• Job steps are logged for better traceability.
• Management and staff can recognise clearly and quickly where possible bottlenecks may lie.
• The final contract can be converted into a long-term format such as PDF/A or TIFF and saved in an unalterable form.