Contract Management

The amount of contracts even in a small company generates lots of work. The connections between contracts may be blurred which leaves the administrator with a time consuming process getting things in order. The lack of overview can frustrate the administrator causing him to make wrong decisions and making them at wrong time. Essentially a non-managed contract situation causes a profit loss!

With LicenseWatch Contract Management the contract administrator knows that all contracts are dealt with and that he will receive a notification if an important date approaches. LicenseWatch Contract Management is designed to reduce contract expenses, increase margins and reduce total cost of ownership.

As a unique feature LicenseWatch, as the only contract asset management manufactor on the market, offers a graphical presentation which makes it easier to achieve an overview of complex contract relations.

It is possible to attach the actual paper contract and invoices to the digital contracts and every time an important date approaches the fully customizable dashboard in LicenseWatch gives the administrator a notification.

The entire life cycle for any type of contract or business agreement is streamlined with LicenseWatch- from initial negotiation, creation, managing, searching, tracking, reporting and more.

Research has demonstrated that using contract management software, companies are better able to realize savings achieved during procurement negotiations, procurement spending, improve sales effectiveness and increase compliance by allowing contracts to drive day-to-day operations.

LicenseWatch Contract Management easily imports contracts from other contract management system which simplifies the integration and saves time and work.

The major difference between traditional contract management solutions and LicenseWatch is the ability to correlate contractual information reconsiled against collected evidence.