Contract Management for Procurement Teams 

Maintain close Control over myriad Contracts and their Execution

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

Learn More
Buy-side contract management - Ultria CLM

Can I measure the risks associated with vendor contracts?

Ultria’s analytical tools can analyze data from the past contracts with a particular vendor and identify patterns to measure risks associate with that vendor’s contracts.

Can we assess current performance scope for a specific Vendor?

Yes, analyzing and comparing performance of Vendor A’s past contracts with us can give a data driven analysis of current performance scope for Vendor A.

Is it possible to manage specific obligations contained in each contract for both parties?

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 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.

Does Ultria CLM notify 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 in advance, through comprehensive, real-time dashboards, accessible from across devices.

Can we identify key contracts by value / region?

Yes, you can identify and track contracts by multiple parameters including value and geography.

What are the parameters one should into account for contract performance?

Contract performance considers multiple, varied and customizable parameters including but not limited to obligations management, contract progress, payment status, meeting pre-defined milestones and metrics, etc.

Does Ultria CLM store audit history details?

Yes, Ultria CLM stores and archives contract audit history details for future referencing.

Enterprise Contract Management. Simplified.

Simplify negotiation. Get better performance insights.

Accelerate Contract Generation

Ensure quicker creation of error-free contracts and with minimal legal involvement, using standard templates as well as clauses with automated review-approval workflows

Get Better Contract Insights

Do not miss your revenue goals because of legal process bottlenecks. Quickly and easily adjust policies and processes to spend less time on paperwork and improve efficiency.

Improve Vendor Contract Management

Predict supply and security risks by quantitatively assessing vendor performance. Get granular insights into vendor performance, to aid in contract negotiations and renewal.

FAQ Section

Why do we need to invest in contract management solution?

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 contracts 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 Contract Management?

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.

Case Studies

Whitepapers

Discover contract management best practices that build lasting customer relationships.

Webinars

Register for live or listen to on-demand webinars anytime to make your contracts a force of change.

Infographics

Learn what CLM is, how you can manage contracts better by bringing AI to your business.

Focus on what matters to you

Streamline contract performance, timely payments and vendor contract management with Ultria CLM

See It In Action