Enterprise Contract Management (ECM) not only affects those who create or manage contracts. In fact, virtually everyone in
your company is involved in the management of your contractual relationships.
Procurement — uses ECM to create and manage purchase contracts, evaluate vendors and make sure call-offs on framework agreements are
consistent with the actual contracts.
Senior executives — require access to broad, high-level contract information to be able to make strategic decisions.
Finance — requires access to contracts as a part of revenue recognition, cost analysis, cash flow determination, reporting and compliance
audits.
Legal — maintains the clauses containing the terms and conditions approved by company policy, and sanctions the use of non-standard
clauses.
Sales — creates sales contracts and tenders, and requires easy access to existing contracts to quickly address customer queries
and orders.
Business users — are often involved in specifying the details of any project or item to be bought or sold, and verifying that these requirements
are being met later in the process.
ECM is the process which enables the efficient creation, execution, management, and analysis of contracts to maximize financial
performance, control risk, limit exposure, and ensure compliance.
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Contract Lifecycle Support
Contiki ECM Suite ensures the organization’s control over its contract portfolio and commitments. Contiki ECM processes and
documents the contract process from the time the contract is entered into until its completion. The organization gets an efficient
and automated process that satisfies legal requirements such as those made by the Norwegian Public Procurement Act and the
Sarbanes-Oxley Act. Significant savings are also achieved through procurement coordination and just-in-time contract follow-up.
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Contiki ECM Suite
Contiki offers an integrated and comprehensive suite of procurement and contract management features in support of the complete
contract procurement lifecycle:
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Contiki Sourcing
CONTIKI SOURCING simplifies your tender competitions, ensures full compliance as well as delivering huge process efficiency
gains. In combination with the eRFX functionality in Contiki, the buyer will have a complete toolset to streamline the tender
process, allowing buyers to electronically create, distribute, collect, store and evaluate tender documents.
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Contiki Supplier Performance Management
CMA Contiki and a global customer have partnered to develop a Supplier Performance Management solution, Contiki SPM. The application
will track Suppliers Performance and Compliance.
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CONTIKI REPORTING
CONTIKI REPORTING puts you in charge. Imagine the right information in a format that appeals to you – whenever and wherever
you need it. With Contiki Reporting you will unleash the full potential of your contract management investment.
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Project Support
Contiki is an integral part of project management taking care of contracts towards the client, internal contracts, partner
contracts (alliances/joint ventures) and subcontracts as applicable. There are several project management systems on the market,
however Contiki is the system being ideal to manage contractural changes during projects.
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Architecture
One of Contiki ECM’s major selling points is that the software is a standard off-the-shelf application which can be tailored
to each client’s needs. It balances the need for simplicity with the flexibility to meet clients’ changing requirements. We
have introduced role-based dashboards to help the user focus on the task at hand.
The Contiki suite is based on a state-of-the art .NET architecture allowing the use of visual workflow design combined with
an extensive use of web services.
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