Ultria CLM is a contract lifecycle management solution that optimizes contract journey from initiation through execution, as well as post-award. It’s integrated CLM solution maximizes contract utilization with shared view of every contract to all your departments— including legal, procurement, sales, finance.
What is Ultria CLM
Contract Lifecycle Management Software?
We help you exercise better control over contracts
Manage contracts at scale while reducing turnaround time, centralizing storage, eliminating risks and maximizing return on your contract assets.
Ultria Contract Lifecycle Management Software
Very few businesses can maintain close control over myriad contracts and their execution. Enterprise Contract Lifecycle Management System from Ultria centralize contract storage, track compliance across multiple dimensions, and reduce contract turnaround time. Ultria CLM introduces a collaborative culture of contract management and bring together all contracting functions such as Sales, Legal, Procurement and HR, on a common platform. The tool’s integration with other enterprise systems like CRM and Microsoft Office allows for a much smoother and scalable contracting process to achieve the maximum benefits.
Ultria can be configured to meet specific enterprise contract management objectives to influence business performance by:
Fostering collaboration at each stage of the contract lifecycle
Accelerating contracting processes and enhancing compliance across multiple legal and government regulatory systems
Enhancing stewardship, security and continuity around important contract documents
Ultria Contract Lifecycle Management Solutions
Accelerated contract creation, negotiation, for speed across the entire contract lifecycle:
- Microsoft Word integration for direct updates/edits into the contract
- Clause/terms parsing and risk identification in third party contracts
- Clause and template library to ensure standardization
- Rule-based workflows with role-based access
- Auto-version management for each contract modification
Secured centralized repository for all contracts, with advanced search, and detailed audit tracking:
- Free text, Advanced and/or Multi-parameter search to identify contracts
- User-configurable reports and widgets to track milestones
- Configurable, Personalized Dashboards
- Highly granular search into uploaded legacy contracts
- Contract hierarchy/family management with audit history
Optimum contract utilization and enterprise-wide contract risk management to ensure compliance:
- Key contract performance metrics tracking for best business outcomes
- Automated reminders and notifications on important milestones
- Regulatory compliance, expiry/renewal and contract obligation management
- Risk profiling with deep visibility into critical contract data
- Identification of cross-sell, upsell and saving opportunities
Key Benefits of using Ultria CLM Software
Shortened cycle time for contract creation and execution
Higher visibility into contracts and contractual processes
Reduced errors and increased legal and revenue team’s productivity
Improved contract compliance and control over contractual obligations
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Cost benefits with accelerated revenue cycles
Enhanced security & collaboration across business functions
Integration of AI Powered CLM & 3rd Party Systems
Work Smarter with Artificial Intelligence
Get more done with Orbit, the smarter CLM solution. Enhance contract performance, streamline workflows, and exercise better compliance and risk management using AI across the Ultria CLM Solution.
Extend capabilities with seamless integration
Maximize business agility and allow teams to discover new opportunities and experiences with the power of integration. Meet all your business needs by bringing entire contract ecosystem on a unified solution.
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