Contract Management for In-House Legal & Operations Teams

Monitor Compliance Risks, Obligations and Opportunities buried in your Contracts

Ultria CLM Software

Exercise better control over your contracts with AI-powered Ultria CLM. Login and start authoring & managing your contracts in a whole new way.

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In-house Legal & Contract Lifecycle management

Can I make edits in MS Word when using pre-configured templates?

Yes, you have an option to edit, rephrase, or update pre-configured templates in MS Word.

Can we ensure all contracts cover compliance policies and any new regulations?

Ultria CLM solution is constantly updated with any changes or updates to the existing regulations. It then identifies all older and legacy contracts in the centralized repository and automatically updates them with any new or updated regulations to ensure they stay compliant.

Can we set up access controls with restricted views into confidential contracts?

Ultria CLM solution is constantly updated with any changes or updates to the existing regulations. It then identifies all older and legacy contracts in the centralized repository and automatically updates them with any new or updated regulations to ensure they stay compliant.

What are the parameters used to gauge contract performance?

Ultria CLM solution is constantly updated with any changes or updates to the existing regulations. It then identifies all older and legacy contracts in the centralized repository and automatically updates them with any new or updated regulations to ensure they stay compliant.

Is it possible to manage both parties' specific obligations, contained across all contracts?

Yes, Ultria provides advanced post-award contract management and analysis through comprehensive reporting and dashboards, real-time access to obligations and milestones concerning to both contract parties.

Can we measure our projected total spend for next year?

Yes, with multiple reports made available and smart analytics to draw insights from vast contract data, you can measure and analyze projected total spend for the next year basis past data trends.

Do we get notifications on contracts that are to be renewed or expiring in the next week / quarter / month?

Yes, Ultria’s automated contract management solution provides key contract data like upcoming expiries, renewals, payments, milestones through comprehensive, real-time dashboards, accessible from across devices.

Does Ultria CLM store contract audit history details?

Yes, Ultria’s automated contract management solution provides key contract data like upcoming expiries, renewals, payments, milestones through comprehensive, real-time dashboards, accessible from across devices.

Enterprise Contract Management. Simplified.

Mitigate Risks. Ensure Contract Compliance.

Identify Unfavorable Terms & Clauses

Identify hidden liabilities and accountability that have the potential to negatively affect the organization

Enforce Obligation Management

Track Milestones and Obligations for both the parties. Thus, helping to avoid Penalties and ensure timely Payment and/or Delivery, as per the defined Contractual Terms.

Mitigate Risk & Exposure

Pre-approved Templates and Clauses in the Contract Management Repository help users author error-free contracts. It further minimizes Business and Legal risks due to Miscommunication and Misalignment.

FAQ Section

Why do we need to invest in an effective contract management system?

Lack of visibility into ever-changing regulations and complex contracts are putting companies at a higher risk of non-compliance, leading to large monitory and reputation losses. The ability to manage the process of contracting (regardless of contract domains) enables organizations to have a consistent yet confident means of trusting the representation of information that is a fundamental aspect of any organization and remaining risk-free.

What type of contract agreements can the tool automate?

Ultria’s AI powered solution can automate all contract domains including Procurement, Sales, Intellectual Property, HR related agreements, Business Partnerships, and Channel Management.

How does integration help reduce contract turnaround time?

Integration helps stakeholders access contracts and initiate contract requests through multiple platforms most convenient to them, rather than having to log into a specific application to access any contract related information. For e.g. New requests can be generated by several modalities such as Internal Request Portal, Outlook Request Portal, and CRM (Salesforce) Request Portal.

How does AI help in the contract management process?

AI facilitates analysing and identifying key contract information and assists in drafting, routing, reporting, and tracking of contract data.

AI also ensures consistency and accuracy in tagging of information related to a contract type and specific items that are useful in handling of contractual documents and information.

How is Ultria CLM and Orbit different from others?

Orbit is a set of Artificial Intelligence capabilities that streamlines and automates tagging, analysis, and movement of contracts throughout your contract management process.

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