ContractNet – Web Based Contract Administration

Easily and accurately manage and communicate critical dates, options, financial details, and legal features for your entire portfolio of contracts with ContractNet.

 

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Whether you’re in purchasing, finance, accounting, operations or legal… there’s a good chance you have at least one contract stuffed into a file folder in your office. Do you know when it expires? What your renewal options are? If there’s a service level agreement tied to a bonus or penalty payment? If you have to first locate the contract and then re-read it before you can answer these questions, then you immediately understand the value of ContractNet.

ContractNet allows you to easily store valuable contractual assets online, securely, so you never again miss an opportunity to minimize expense or maximize the value of these important organizational assets.

With ContractNet you can easily:
- Reduce redundant paperwork
- Meet service level agreements
- Comply with regulatory and other obligations
- Securely share critical information with co-workers and contractors
- Monitor expiration, renewal and other important dates
- Process payments and invoicing automatically
- Store scanned contracts, agreements and supporting documentation
- Set notifications and alerts
- Produce management reports
- Improve customer / vendor service and so much more

ContractNet leverages the Datanet product platform that is designed to offer flexibility, security and scalability in an easy-to-use online format. With little-to-no training, anyone in your organization that manages contracts can access these powerful features and benefits:

Contract Optimization
With all your contractual assets in one place, including specifications, dates and supporting documents, you can maximize the value of your assets from a central corporate dashboard.

Risk Management and Cost Control
Lower your risk of non-compliance, missed deadlines or pricey late fees by securely sharing information throughout your enterprise. With user- and page-level security built in, you can share confidential information without worry.

Portfolio Analysis and Reporting
ContractNet allows users to easily produce management reports, track compliance, analyze the overall asset mix, and uncover opportunities to improve operations. No additional development required, basic reporting is part of the standard package.

Total Portfolio Management
From contract negotiation and acquisition through renewal or termination, ContractNet provides easy-to-use tools to optimize the value of your portfolio.

Risk Management and Cost Control

  • Drive accuracy and accountability
  • Maintain regulatory compliance
  • Maintain strict regulatory compliance and safeguard financial and legal data
  • Totally flexible group or individual email notifications

Contract Optimization

  • Manage expense and revenue streams with streamlined batch processing and dispute, collections, and exception handling
  • Take advantage of automated GL coding and revenue and cost allocation
  • Manage pass-through charges, shared expenses, percentage rents, cross-billing of shared assets, escalations, and other specialized contract terms
  • Create your own groups of key individuals to reduce exposure to missed critical dates 

Portfolio Analysis and Reporting

  • Enforced data normalization helps maintain accuracy while reducing data entry time and human error
  • Integrated document management makes reporting easy
  • Save time with one click access to key documents, drawings and other associated files
  • Drill directly to the appropriate legal language from abstracted fields such as provisions
  • Layer of security ensure data safety
  • Safely share data across multiple areas of responsibility, with third-party vendors and clients
  • Drive alerts from any critical date or system note

Total Portfolio Management

  • Speed communications with your most important clients and vendors
  • Bulk portfolio and master agreement management
  • Ensure efficient vendor management
  • Check-in, check-out and control key document with history and version control
  • Maintain standard forms and contracts for finance, legal, and field personnel

Intuitive and Easy to Use

  • Shorten the learning curve while enforcing your best practices
  • Use customized home pages to jump to your most common tasks
  • Integrate your key processes with our expert services and pre-built tools
  • Automate key functions and prompts including setup, tear down, renewal and holdover functions to reduce exposure