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.
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.
Cut execution time
You’ll slash the time it takes to execute contracts, reducing costs and improving responsiveness.
Manage the contract lifecycle
Manage contracts throughout their entire lifecycle, with visibility and control at every step.
Leverage legal workflow automation for contract requests and electronic signatures.
Alert and engage stakeholders
Keep them aware of critical contract dates, renewals, and milestones, so they’re always on top of the process.
Make contracts accessible and searchable
Centralized access to contracts includes links to related matters.
Integrate with Microsoft® Office
So attorneys can work on contracts with complete version control.
CLM and much more for your
legal tech stack
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
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.
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.
“TeamConnect has been well received by our outside counsel, and more importantly, we’ve seen a reduction in spend as a result.”
“The minute we started using (TAP) we found it was incredibly easy to implement, inexpensive, and with a high ROI.”
Technologies for manufacturing growth (and cutting costs)
Policy management becomes easier than ever before, as intuitive built-in tools ensure policies are efficiently managed and enforced and accurately maintained, distributed, and attested to.
An easy-to-use, next-generation universal Enterprise Risk Management solution using pre-built framework templates to simplify risk management of your organization and its processes, applications, and providers.
Acuity ELM Essentials
The SaaS legal management solution that provides integrated matter management, e-Billing, outside counsel collaboration tools, and reporting to small and mid-sized legal teams.