RISKworks rmContracts Features

• Automate the submission and approval of incoming third party contracts, using custom notifications and routing hierarchies
• Quickly and easily setup contract routing approvals using a "manage by exception" approach: automatically approve "standard" contract types while routing "non-standard" types to designate parties (both internally and/or externally)
• Update contract information instantly with notifications sent to proper parties
• Manage contract renewal through specific reminders and notifications setup by members of your organization
• Develop internal standards for contract language by maintaining and updating language according to your business needs
• Update and manage routing rules as well as notification alerts for different parties and/or groups internally and externally: setup ad-hoc reminders for special cases
• Using our differential feature, easily and quickly compare multiple versions of different contracts: easy to use, on-demand and effortless
• Collaboration Toolbar allowes users to store notes from phone calls, meetings, and/or emails
• Complete audit trail provides user 100% transparency with respect to all information captured by system. Detailed record includes user name, time & date stampe and description of update made by any and all users
• On-demand reporting engine provides real time access to process related information: Create customized reports, apply annalytical filters and export to MS Excel, Adobe PDF or CSV file formats.