Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
OpenText™ Contract Center significantly shortens contract cycle durations while enhancing operational efficiency. This platform revolutionizes contract management by shifting from fragmented document processes to cohesive and intelligent workflows. It facilitates the automation of the entire contract lifecycle, encompassing creation, negotiation, approval, management, and renewal stages. By enabling both internal teams and external partners to access all contracts, it fosters seamless collaboration. Furthermore, the system optimizes contract creation, oversees document workflows, and boosts compliance through smart automation techniques. Users can generate comprehensive reports that integrate data from various sources, including ERP and CRM systems, thereby delivering valuable insights across the organization. Additionally, the platform allows for the automatic generation of contracts filled with relevant terms tailored for distinct business scenarios, while also enabling modifications using pre-approved clauses stored in a clause library. This holistic approach not only simplifies contract management but also enhances decision-making and strategic planning within the enterprise.
Description
For over ten years, members of the Ultria Team have been implementing Practical Artificial Intelligence to enhance Information Governance for leading global enterprises. The development of Ultria's AI-driven approach to contract management emerged out of necessity, as some clients process over a million contract line items annually, while others look for assistance with supply chain risk assessments or analyzing customer orders during mergers and acquisitions. With the added pressure of a complex regulatory landscape and shifting geopolitical dynamics, the demand for high-quality metadata extraction, consistent clause matching, and risk assessment became critical, prompting the establishment of a distinct AI component. This component not only integrates seamlessly with Ultria's Contract Lifecycle Management (CLM) solution but is also designed to be utilized independently by organizations that may not yet have a CLM system in place. Ultria Orbit offers strategic flexibility in implementation, making it easier for companies to adapt to their specific needs and challenges in managing contracts effectively. Ultimately, this innovative solution empowers organizations to navigate the complexities of contract management with greater efficiency and accuracy.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
OpenText
Country
Canada
Website
www.opentext.com/products/contract-center
Vendor Details
Company Name
Ultria
Country
United States
Website
ultria.com/products/artificial-intelligence-powered-contract-management-ultria-orbit/
Product Features
Contract Management
Buy Side (Suppliers)
No
Completion Tracking
No
Compliance Tracking
No
Contract Lifecycle Management
No
Electronic Signature
No
Full Text Search
No
Government Contracts
No
Pre-built Templates
No
Sell Side (Customers)
No
Specialty Contracts
No
Version Control
No
Workflow Management
No