Contract Management Solution

The capability to enforce standard or pre-approved language across all contracts in all enterprise areas is a key element of the Contract Management Solution. Effective enterprise contract management reduces your exposure to surprise liabilities, missed opportunities, revenue leakage and increased regulatory scrutiny.

The Content Solution Partners Contract Management Toolkit (CMT) is platform independent and built on J2EE industry standards. It is a Solution that can be implemented for any Market Vertical for any number of differing departmental or organizational needs.

Key Product Features

• Contract Generation
  
• XML Content Templates
  
• J2EE
  
• Document Management Integration
• Electronic Signature (Click for More Information)
  

Manage Risk

The Contract Management Toolkit (CMT) leverages the power of Document Management for library services to enforce security, versioning and lifecycle management. CMT limits your exposure to communication problems between departments, versioning mistakes and legal issues with contract wording.

Ensure Compliance

The Contract Assembly module uses XML templates to generate Microsoft Word documents. The generation of a contract is triggered by events from external sources giving financial systems, trading systems or any other external system the ability to trigger the creation and distribution of a contract. Customers define rule sets that match the business rules of their organizations.

Increase Productivity

CMT removes the burden of contract creation and management and controls the lifecycle of a contract from inception through legal review and distribution. Contract templates are associated with workflows to ensure the appropriate people are reviewing and signing.

Our digital signature tool allows secure stamping of signatures to Adobe Acrobat renditions of contracts. There is no need to have Acrobat on the desktop. Signatures are stored securely on the server.

The CMT Solution

The CMT Server is a set of tools that extends Document Management, adding Contract Management functionality. With the use of connectors, CMT integrates with industry leading Document Management tools.

CMT includes:

• External Interface Connector
  
• Contract Assembly
  
• Web Based Digital Signature
  
• Document Management Connectors

The External Interface Connector listens for external systems requests. Data from a request is used to notify the Contract Assembly module to create a new contract based on the external feed.

Contract Assembly builds a contract based on existing templates and rule sets. CMT automates the generation of any type of contract by assembly a single document from its parts. Each part is associated with a rule. These rules are used to determine which content section will be included in your final document.

After generation of the contract, Contract Assembly notifies your in-house document management system to create a workflow, which begins the review process.

Workflow and lifecycle engines manage the location, state and security model of the document through the approval process. Upon final review, users can digitally sign their contracts with our browser based Signature Tool.