Ultria CLM is an automated contract management system that optimizes the contract journey from initiation through execution, as well as post-award. Its integrated effective contract management solution maximizes contract utilization with a shared view of every contract to all your departments — including, procurement, sales, finance, and legal teams.
What is Ultria Contract Management Software?
We help you exercise better control over contracts
Manage contracts at scale while reducing turnaround time, centralizing storage, mitigating risks, and maximizing return on your contract assets.
Ultria Contract Management Software
Very few businesses can maintain close control over myriad contracts and their execution. Enterprise contract management software from Ultria centralize contract storage, track compliance across multiple dimensions, and reduce contract turnaround time.
Ultria CLM introduces a collaborative culture of the contract management process. It brings together all contracting functions such as Sales, Legal, Procurement, and HR, on a common platform. It also integrates with other enterprise systems like CRM and Microsoft Office. This 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 Management Solutions
Faster contract creation, negotiation, for speed across the entire contract lifecycle:
- Microsoft Word integration for direct updates/edits into the contract terms
- Clause/terms and conditions 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 Contract Management 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 faster 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 and successful contract management 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 the entire contract information and ecosystem to a unified solution.
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