Contract Management Software
Manage Your Contract Management Program Through a Risk-Based Approach
Contract Management is a critical yet complex function of any business. Each time your organization enters into an agreement with a third party, your risk exposure increases or reduces if done right. And as time goes on, you could be managing hundreds, thousands or even tens of thousands of contracts all with varying terms, renewal dates and disclosures. LogicManager’s core platform with workflow and AI capabilities supports our comprehensive Contract Management solution, seamlessly connecting Contract Management with all other parts of the Third Party Lifecycle Management process and providing assurance that all risks are surfaced and mitigated proactively.
For additional value:
Why a Risk-Based Approach to Contract Management is important:
CapabilitiesHow Our Contract Management Tools Help
Seamless System Connections
Our Integration Hub allows for seamless, no-code integration with over 500 popular third-party applications such as NetSuite, Office365, Docusign, Adobe eSign, Workday, BitSight, RiskRecon, or any ERP or accounts payable system to complete your contract management work all within LogicManager.
LogicManager’s
Risk-Based Contract Analyzer
Risk-Based Contract Analyzer
Imagine being able to proactively identify issues at the start of a third-party evaluation. Then, being able to automatically determine whether that third party’s contract adequately mitigates the unique risks they present to your organization – without even having to open it – and instantly seeing which risks each clause mitigates. LogicManager’s unique taxonomy combined with powerful AI technology can make this a reality for your business today.
Benefits of Using LogicManager’s Contract Management System For Better Tracking & Maintenance
Save money
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.
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 contract tracking AI that ensure you have mitigations in place for any third-party risks that are identified in your assessments. Doing so also helps protect your organization from liability if any of those risks should materialize.
Why Logicmanager? – Users of LogicManager’s ERM software explain how their contract risk management programs have benefited from our platform and expert advisory service.
Customer Success StoriesExplore How Companies Overcame Challenges With Our Contract Risk Management Solution
IMPACT 2022 How To Take a Risk-Based Approach to Third-Party Risk & Contract Management
Bryan Phillips from Federal Home Loan Bank of Indianapolis speaks about taking a Risk-Based Approach to Third Party Risk and Contract Management.
What Our Customers Are Saying...
Complimentary DownloadThe Dos and Don’ts of Contract Management
Direct costs of poor contract management due to mishandling or missing milestones can cost companies around 9%* of their revenue (Research from World Commerce & Contracting, 2020), however the liabilities and failures of the business. Build your Contract Management program on a foundation of best practices by reading this list of the top dos and don’ts of managing your contracts.
Frequently Asked QuestionsFoundations of Contract Management
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Request a DemoLearn How LogicManager’s Contract Management Software Can Transform Your Third Party Risk Management Program
Take control of your organization’s contract management with LogicManager’s innovative solution. Our platform and AI capabilities simplify the complex process of managing contracts, reducing your risk exposure and ensuring all risks are addressed proactively. Request a demo today and see how we can improve your contract management program through a risk-based approach.