Drive ROI and efficiency with
smarter contract management

Contract lifecycle management (CLM) is the proactive, methodical management of a contract from its initiation through authoring, negotiation and execution.  That also includes compliance with contract obligations, milestones and renewals.

Implementing and automating CLM across your organization will reduce organizational liability, while also increasing compliance with legal requirements and best practices.

The CLM centerpiece of Mitratech’s end-to-end portfolio of solutions?  ContractRoom, a dedicated hub for all contract management activity providing exceptional online negotiation capabilities, deeply automated document assembly, and enhanced workflow automation.

Contract Lifecycle Management

What are the benefits?

Using a CLM solution like Mitratech ContractRoom, your organization can easily manage contracts from the initial request straight through negotiations and execution to the compliance needed around triggers, milestones, and renewals.

Move faster than the competition

Cut execution time

You’ll slash the time it takes to execute contracts, reducing costs and improving responsiveness.

Control intellectual property

Manage the contract lifecycle

Manage contracts throughout their entire lifecycle, with visibility and control at every step.

Deepen organizational alignment

Collaborate cross-functionally

Leverage legal workflow automation for contract requests and electronic signatures.

Regulatory change management

Alert and engage stakeholders

Keep them aware of critical contract dates, renewals, and milestones, so they’re always on top of the process.

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Make contracts accessible and searchable

Centralized access to contracts includes links to related matters.

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Integrate with Microsoft® Office

So attorneys can work on contracts with complete version control.

CLM and much more for your
legal tech stack

TeamConnect

TeamConnect & Acuity ELM Essentials

Users of our ELM solutions can take an integrated approach to contract-related transactions, including outside counsel engagement. Contracts can be associated with the matter for version control, and our ELM solutions automate the process around matter assignment as well as the tracking of all in-progress work activity including the financial management of outside counsel.

By creating a single source of truth for legal operations and spend across practice areas, including contract transactions,the visibility provided by analytics and business intelligence are substantially increased.

TAP Workflow Automation

TAP Workflow Automation

Easily automate the steps involved in requesting and routing a contract based on decision tree logic that end users provide via self-service portals that ensure the contracts professional has everything they need to start work without inefficient back and forth conversations with requestors.

With TAP’s ability to easily integrate with ContractRoom, the possibilities around accelerating contract work and generating new documents on the fly with both internal and external parties – while eliminating costly mistakes and bottlenecks – are endless.

VendorInsight Icon

VendorInsight™

The most effective third-party risk management software for detecting, assessing, and mitigating risk in your vendor network. By deploying it alongside ContractRoom’s end-to-end lifecycle management, ensure you’re reducing the risk of missing regulatory obligations or continuing relationships with non-compliant third and fourth parties that present real risks to your operations and reputation.

Related resources
Explore in-depth downloads and other resources that detail how to solve the challenges facing the legal industry.

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Client success stories

Stories of how Mitratech software solutions have delivered exceptional results worldwide.

British American Tobacco

TeamConnect has been well received by our outside counsel, and more importantly, we’ve seen a reduction in spend as a result.

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netapp

The minute we started using (TAP) we found it was incredibly easy to implement, inexpensive, and with a high ROI.

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Juniper Networks Logo

TAP improved compliance significantly on the MAF side…we now have the right visibility into what’s being signed and why.

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Learn how we support your success

Schedule a demo, or learn more about Mitratech’s products, services, and commitment.

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Innovative contract lifecycle management for increasing staff efficiency, enhancing collaboration, and accelerating close of agreements.

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