Enablon Agreement & Contract Management is an integrated contract management solution that allows contracts to be managed dynamically throughout the different stages of their life cycle, including drafting, negotiation, signing, renewal, termination, litigation, and archiving. This easy-to-use and secure solution provides legal departments with an in-depth view of contracts, including their status and expiration dates, as well as greater control over related legal, economic, and financial risks.

Contracts play a vital role in business in all business relationships between a company and its customers, suppliers, and partners. In many companies, however, contract management remains under-automated, inefficient, and a source of preventable errors.

New corporate governance and internal control regulations also reinforce executives' degree of legal responsibility and their need to have reliable and auditable contract management processes.

Therefore, a company's ability to exert greater control over contract management processes has a direct and positive impact on a company's financial performance and risk exposure.

The Enablon ACM solution is built on a centralized secure area for storing and sharing all the company's contracts and includes:

• Advanced search functions
• Notification module that triggers alerts for certain events (status, expiration dates, etc.)
• Workflow engine that ensures that all contract-management life-cycle stages are fulfilled and automated
• Task management tool that facilitates assignment, notification, and monitoring of contract-related tasks
• Reporting module that provides for accurate analysis of a company's overall contract situation (criticality, expiration dates, revenues, risks, stakeholders, etc.)

Enablon ACM enables companies to

• Centralize, facilitate, and secure access to contracts
• Automate contract-management processes
• Reduce contract-management costs
• Increase the reliability of contract-drafting processes
• Reduce the legal and financial risks associated with contracts