Contract Management

Contracts are an important part of business life. The terms of a contract establishes the rights and obligations of each party, and articulates the company's expectations for service providers or employees. 

As they cover many different aspects of business, companies are likely to have a large number of contracts. Without digital contract management, administering contracts or monitoring deadlines and agreements becomes a difficult challenge to overcome.

ELO Contract Management lets you take charge of all types of contracts across their entire life-cycle. ELO Contract Management  offers a standardised, best practice procedure for each phase of a contract, from requesting a contract and creating a first draft through to the final version and archiving.

Keep track of all contracts

All contracts, terms, and key dates are stored in one central location and can be viewed with one click of a button.

Get reminders on time

Automated alerts and reminders to ensure that you abide by deadlines.

Logical filing structure

Important information is stored within the contract files.

Secure Archiving

Secure retention of documents for a period of time determined by legal, regulatory, and business requirements.

Professional Contract Management with ELO

Contract Initiation

Automatically generate contracts

Generate a contract, termination, or other document with a single click. There is a corresponding template for each type of contract. The template management feature enables users to import specific information from the contract file.

Efficient approval process

You can create an ELO workflow to define and control the required approval steps. This ensures that the review and approval process is transparent at all times and that the user is always aware of what stage of negotiations the contract is currently in. It is also possible to add users dynamically.

Define users and permissions

Contracts contain sensitive data that must be protected from unauthorized access. The integrated permissions management system lets you assign unique roles so that you can control who has access to what.

Collaboration

When drafting contracts, it is crucial that multiple departments work together. The ELO document feed function makes collaboration easy — posts are visible to everyone participating in a feed discussion at all times.

Contract Management
Contract Administration
Contract governance
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