Save your organization money by ensuring that contracts don’t renew when you don’t want them to. LogicManager will notify you of termination dates so that they’re never missed and you stop spending money on vendors you aren’t actually using.
Maintain a centralized repository
Completing your contract management due diligence processes in one central location allows your organization to easily see if any individual contract does not meet the appropriate guidelines, standards and requirements you’ve set forth. Standardizing this process ensures that each contract is going through the same review process, collecting the necessary information along the way.
Track critical information
Our out-of-the-box contract management fields allow you to record key information about your contracts, such as contract end and renewal dates, liabilities, SLA monitoring metrics (like service scope and purpose) and other terms and conditions.
Streamline your processes
Schedule automatic workflows, and assign tasks ahead of time on a recurring basis based on a contact’s type, renewal date, department and more. This frees up your employees’ time and energy so they can stay focused on more strategic objectives.
Proactively mitigate risk
LogicManager is an ERM software designed to help you view your governance activities through a risk-based lens. Access out-of-the-box risk assessments and update contracts so that there are terms in place that mitigate any of the vendor risks you’ve identified in your assessments. Doing so also helps protect your organization from liability if any of those risks should materialize.