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A management platform solution that enables organizations to have optimum control over their contracts, minimize risks, and unlock unexplored opportunities.
While navigating the intricacies of contract management, organizations face substantial challenges. Manual and time-consuming processes hinder the overall operational efficiency of an organization and the struggle to maintain visibility and control over contracts further compounds the challenges faced in streamlining processes and ensuring effective contract management. Managing contractual risks and obligations becomes complicated, particularly with the added complexity of collaboration among regional teams. Additionally, accuracy issues in data and reporting further underscore the need for practical solutions in the contract management sector.
Solution benefits
EY Contract Manager addresses critical challenges in contract management, providing organizations with enhanced visibility and control over contracts. By automating manual processes, it significantly reduces time consumption. The platform facilitates efficient management of contractual risks and obligations, fostering collaboration among regional teams. Moreover, it ensures accurate data and reporting, offering a comprehensive solution to streamline and optimize contract management practices for businesses.
Solution features and functionality
Key features:
End-to-end contract lifecycle management or just one portion - the platform can be tailored to cater to unique business needs.
With multiple dashboards presenting status, alerts, highlighting priorities, volume, risk profiling, obligation management — the overview provides all contract related info at your fingertips.
Artificial Intelligence makes life easy with suggesting the next step for requisition, paragraph improvement, grammar correction, compare versions.
Temporary access can be provided to multiple counterparties to perform end-to-end contract negotiation.
A color-based RAG analysis of the contracts, clauses and templates based on defined parameters by legal team.
Automated contracts facilitated by an easy-to-use requisition form that relies on user-provided details.
Tracking contract obligations using key metadata captured during abstraction or details gathered through requisition form; also helps in setting rules-based alerts for key activities.
Why EY
Offers unparalleled customization by allowing users to tailor roles, contract workflows, templates, data fields, alerts, and reporting to meet unique organizational needs. With flexible features, EY Contract Manager ensures a personalized contract management experience, empowering users to align the platform with their distinct requirements.
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