Contract Management

With increased scrutiny on every aspect of the business, tracking compliance with the terms of all contracts is becoming a key component of successful organizations.

With policyIQ, you get an easy-to-use, easy-to-implement system with a basic workflow for your contracts, the ability to organize and report on every element of a contract as well as the ability to alert relevant individuals when contract milestones are approaching.

Create an efficient and effective process for managing your organization’s contracts in policyIQ. Determine exactly which specific pieces of information (such as expiration date, type of contract, value of contract, contract owner) you need to track and report on, and create fields to capture this data. Upload scanned copies of all executed contracts into a central, web-based repository that is easily accessible, and secured to only the appropriate users. Alert contract owners, legal departments or procurement managers by email and on their policyIQ dashboard as contracts reach critical milestone dates. The policyIQ workflow features allow you to route contracts for approval before they are executed and powerful, user-friendly reporting can provide oversight and analysis of contract details.

Download the Contract Management solution sheet

Features and Benefits

• Powerful and user-friendly reporting allows you to create and export custom reports for oversight and analysis

• Custom fields – dropdowns, date, text, number, and currency fields to track and report on critical information for each of your contracts

• A customizable folder system to organize your contracts

• A check-in/out workflow to publish, unpublish and update your content

• Custom alerts – via email or policyIQ Dashboard – to notify contract owners, legal departments or other team members when milestones or expiration dates are approaching

• Security to restrict who can view each contract, who can edit each contract, and who can upload new contracts