Contract management systems

 Contracts in processes - business in progress

Editing contracts

Editing contracts is usually a multiole participant task, involving sales, engineering, legal, management and other departments. Accordingly, cooperaation among these organizational units is demanded by this task, involving organizational tasks too. xFLOWer workflow's contract management module not only enables parallel document editing, but also organizes the tasks related to contract editing, based on well defined, fixed business processes. Click and know more!

Contractual processes

All contracts include some kind of obligation, accepted by both parties. Hence, by signing contracts, a number of tasks needs to be performed for contractual performance - in many cases at both party. Accordingly, signed contracts induce series of activities which tend to need resources from many departments. It is of key importance to comply with all obligations set forth in contracts, as this is the only way to ensure customer satisfaction and keep the goodwill of the company. Most DMS or contract management systems do not offer acceptable process support functions, lacking the workflow abilities needed to manage consistent quality performance in line with contractual obligations. xFLOWer offers solutions to these challenges . contracts, edited in the system become searchable instantly while - manually or automatically - business processes may start upon approval. Know more by clicking here!

Contract storage - with processes

In case your contracts are stored electronically, it is almost sure that traceability is insured on the level of document name search. But what if you'd like to search for something else, for example, data included in the contracts or contracts from a given timeframe or other qualities? File manager type archives are not able to provide such functionality. The same way, such system cannot "tell" which contract expires when, when and how it needs to renewed, what data does it contain, and so on. xFLOWer on the other hand provides all the mentioned functions, moreover, contracts can be managed in business processes too. Therefore all tasks, related to contact management can be performed through predefined business processes, constantly monitored by xFLOWer.


Contract management system

All businesses are influenced by its actual contracts with:

  • clients
  • partners
  • suppliers
  • contractors
  • employees
  • and others.

Since all important agreements are made in the form of business contracts, accessibility, storage and archiving of such documents is of pinnacle importance. Furthermore, certain contracts must be managed, archived, stored in line with respective legal obligations with the possibility to access them anytime authorities require.

 

Why choose this contract management solution?

xFLOWer is a robust and mature cloud based workflow and business process management solution. Its development started more than 18 years ago, and it evolved through the years based on international business experience and the actual needs of business leader throughout Europe. Contrary to other contract management systems, xFLOWer is not only a registry software in which statuses and deadlines can be adjusted, but a much more comprehensive, yet easy to use workflow system capable of managing user rights and historic contract data.

Contract management framework

The xFLOWer contract management module is part of the xFLOWer process management framework, including the most required business processes and data sets predefined. Although, all these predefined values can be tailored and expanded as needed during the implementation period or anytime later!
xFLOWer contract management is a cloud based solution, however it "only" ensures a framework to create a business environment for your company - one in which you don't have to change your systems and operation frequently. Check out the xFLOWer Cloud product range - you can access all these features anytime: if you need any of it now, it is available, if it will be needed later, implementation into your existing xFLOWer instance will be flawless. 

Contract management processes

In the xFLOWer contract management module, everything is controlled by business processes, to which documents are attached. The processes are guiding all colleagues step by step through the administration tasks, so it is not possible to omit any required step of contract management processes. 
Contract  management processes does not end at signing the contracts. xFLOWer contract management can control all operative lifecycle related to contracting, such as:

Of course, you are free to decide what processes you use, however, we suggest the following processes to start with:

  • Contract approval
  • Expiration management
  • Archiving

Parameterized to fit your exact needs.

Contract management data sets

xFLOWer contract management module includes customer data sets by default, however, you are free to decide what further types of data you want to store and manage. The possibilities are endless: store customers' company size, location, buying potential, premises, contact persons or unique data types such as foot size, language knowledge, turnover, political relationships or the GM's kids names - really whatever you may imagine!
Related to your specialties, information linked to your product or service can be managed at the level of individual contracts, or you may create different contract management processes for different product or service types. 
In case you have existing data sets in different systems, it is possible to establish interface connections to these systems. Hence, there's no need to re-enter existing data into xFLOWer during implementation. 
In case you need different data sets, not only a customer database, it is also possible with  xFLOWer. Create data sets for HR, real estate, receivables, accessories, partners or anything else. Contract management processes will always be attached to the appropriate data set.

 

Expedience of xflower contract management

Preparing, approving and signing of contracts must be followed by secure storage, archiving, modification and traceability anytime after.
xFLOWer Cloud manages all these, integrated into the company's processes. Thus, in case a contract is needed to complete a process, xFLOWer attaches the appropriate stored (in case of an approved and reused contract) or new (to be created and approved) contract to the process step. After approval, all contracts are filed, stored and indexed.

 

How it works?

Let's see how the contract management module works through a sales contracting example:

  1. Offer accepted - When an offer is accepted, the module automatically stores the offer data (in conjunction with the offer management module)
  2. Contract type identification - The module identifies the contract required for the offer (basically pairs the offer to the contract based on parameters)
  3. Data filling - In case all required data is available, (eg. invoicing address, company nr. or others) the system automatically fills all required fields in the contract.
  4. The contract generator is able to create template based documents automatically, which can be modified or sent to clients automatically (by post or electronically)
  5. Approval - the module forwards the completed contract to the specified approvers such as the law department or the management.
  6. Sending - After the approval process, the system automatically sends the contract to the client through the preset channel (post or e-mail)
  7. Approval by client - In case the client approves the contract, the module files and stores the contract and (in case other modules are present) starts the operational tasks defined in the contract.
  8. Archiving - the module organizes and stores the contract in a central database, which therefore can be searched, printed or forwarded anytime.

Automatic checks can be set up for existing contracts, so for example, before expiration the system sends an alert to the responsible personnel  to start a renewal process.

 

READY TO USE contract MANAGEMENT

Even the best system can’t provide a complete solution if operational processes are designated erroneously. For this reason, ready – made processes based on international best practices are integrated into all xFLOWer modules, which ensure professional organization of work from the first moment of usage. This unique feature enables business leaders to redefine operational processes solely by appointing  coworkers for certain tasks – the rest is done by xFLOWer.
xFLOWer Cloud contract management module contains all the above features and enables the definition, management and automation of all operational processes regardless the number of processes, users of documents involved. By automating certain tasks, resources are freed within the organization, hence saving costs, time and energy for your enterprise. Therefore the company is enabled to focus on sales, clients and the constant development of its core competence to retain its competitive edge.