Contracts are central to every business. Employment contracts administer your workforce, NDAs protect your IP, sales contracts underpin your profit, purchase agreements manage your procurement - the list goes on. Unfortunately, most companies don’t have the systems necessary to effectively manage these precious assets.
There’s nothing fun about having to search for a contract, and it’s even less fun to be charged billable hours to have someone do the searching for you. What if you had the tools to find any contract in seconds and then instantaneously analyze it’s risks and terms to better inform your business decisions?
With the Hub, your existing and future contracts are securely stored in one centralized location. Role-based permissions provide easy access for authorized users, and version control and audit trail features ensure that all changes are methodically tracked so that nothing gets missed.
Of course, knowing where to find your contracts is only half the battle -- you also need to know what they say. With Exari’s patented interview wizard, you can seamlessly upload your contracts into the Hub while capturing up to 100 key data points. This allows you to understand your risk and analyze your terms like never before.
To that end, the Hub offers a dashboard view of your entire contract portfolio and more than 20 standard reports to provide key insights, allowing you to monitor risk markers, easily locate and search for terms, study trends across all your contracts, and receive alerts for important contract milestones such as renewals and obligations.
The best part is that gaining this organization and visibility has never been easier. The Hub can be set-up in less than an hour and capturing your documents can begin immediately.
Derivative agreements. Trading agreements. Collateral agreements. Side letters. Vendor agreements. These complex, sophisticated contracts form the foundation of your business - and can dictate your success or failure. Without real-time visibility into all your agreements, you run the risk of being out of compliance, in breach, or worse, in a position to pay millions of dollars in fines. To dramatically reduce your risk, you need a proven solution that is capable of taming the unique issues that go along with complex financial service contracts and collateral.
This amounts to more than just insight - it means asset managers, fund managers, banks, and hedge funds are able manage obligations, information, and risk in real-time. It means the ability to reap the most reward with the least amount of risk.
You can learn more about CLM Contract Lifecycle Management in our Contract Management Resource Center.