Academic journal article Manager

New System for Removing Uncertainty in Contract Management

Academic journal article Manager

New System for Removing Uncertainty in Contract Management

Article excerpt

Following its widespread adoption by multinational organisations in North America, UpsideContract has been introduced into Europe by Imperial Business Systems. It is expected to find a wide application in large corporate and public sector organisations faced with a growing number of increasingly complex contractual agreements.

Developed by Upside Software Inc, the new web-based system claims to provide a reliable and comprehensive solution for managing all types of contracts, licence agreements and business commitments and includes direct support for key functions, such as legal, regulatory, sales and purchasing. It is easily integrated into existing ERP systems and any CRM solutions.

UpsideContract offers full contract visibility and full audit trails at all times, with user-defined alert functions to ensure terms, conditions, key performance indicators and all deliverables of even the most complex contractual obligation are monitored for compliance at all stages of the contract lifecyde. The system is designed to remove unknowns and the risk of contract violation, as well as the problem of tracking all contract documentation, renewal dates and payments. …

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