​products

contract management[.app]

A contract provides the legal basis by which two or more parties agree to engage with one another. Signed with customers, vendors, partners, employees, and advisors, contracts document the terms and conditions by which a business or legal relationship exists. The process of creating, managing and renewing contracts is one which is vital to all organizations.

Corridor’s flagship project, Contract Management for SharePoint or CM[.app], focuses on all aspects of the contract lifecycle - from creation to obligation. With support for contract creation, negotiation, automated redlining, and e-signature (or hardcopy signature) support, CM[.app] provides a full tool set to negotiate and sign contracts faster and more efficiently. Once signed, CM[.app] readily facilitates obligation tracking, reporting, customized notifications and record retention schedules to ensure compliance and proactive management of contractual obligations and opportunities.

Applicable for both customer (sell side) and vendor contracts (buy side), CM[.app] introduces efficiencies to the contract lifecycle process while reducing the risks associated with non compliance and missed obligations. 

Delivered locally or in the Cloud, CM[.app] leverages the power of the SharePoint platform.  With 3 distinct "launch" packages, CM[.app] can be implemented in the way that best fits your organization.

Key components of functionality within CM[.app] include:
 
Clause Insertion l Regional Language Support l Workflow l Collaboration l Automatic Redlining & Comparison Capabilities l Internal and External Negotiation with Counterparties l Email Check In-Check Out to SharePoint l Status & Updates l Content Extraction l Notifications l Reporting

cm[.app] defined

cm[.app] l (noun) 1: contract management business [.app] which automates all aspects of the contract negotiation, management and obligation fulfillment process 2. includes specific functionality for contract creation, clause insertion, collaboration & workflow, e-Signature and reporting 3. can be delivered locally or in the Cloud 4. offered as a subscription of perpetual license with three distinct implementation options

impact on you

  • Ability to readily create contracts based on pre defined workflows
  • Quicker contract negotiations through use of approved clauses and fall back positions
  • More efficient and effective collaboration
  • Automatic updating, notifications, and check in-out capabilities

impact on your business

  • Remove inefficiencies present in the contracting process
  • Sign deals faster with less costs
  • Readily fulfill contractual requirements
  • Effectively manage company and customer contract renewals
  • Maximize profitability of contracts

why now?

  • Inefficient contract processes result in unnecessary staff & slower sales cycles
  • Failure to meet contractual obligations presents millions (or billions) in risk
  • Missed rebates and lower renewal costs represent significant lost savings
  • Unrealized ROI due to lack of ownership around vendor contracts & commitments

IMPLEMENTATION OPTIONS

1. Quick Launch

The Quick Launch provides organizations with an intense collection of training sessions on CM[.app] in conjunction with a few days of installation & configuration assistance.  This Launch assumes that people are well versed with SharePoint and that CM processes are well-defined.

2. Packaged Launch

The Packaged Launch provides CM.app clients with an accelerated deployment that is based upon the CM[.app] Starter Kit (preconfigured metadata, workflow, search definitions, report definitions and standardized data structures). With an emphasis on getting one contract process deployed, the Package Launch is the fastest track to success.

3. Target Launch

The Target Launch is focused on a more customized implementation of CM.app. It leverages the CM.app Starter Kit; however, it is supplemented with more time to configure CM[.app] for up to three contracts with more extensive support and go live time.

4. Enterprise Launch

The Enterprise Launch is designed to implement CM[.app] across the enterprise. It starts with a Target Launch followed by a "​CM[.app] Playbook Standards", which establishes standard CM[.app] governance practices for your organization. CM[.app] Playbook Launches are then initiated which is a project launch based upon the CM[.app] Playbook standards.