Name: Asentex Contract Management
Author: Asentex

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Asentex Contract Management is a software solution designed to streamline and optimize the contract management process. According to the vendor, this tool is aimed at legal professionals, law firms, contract managers, procurement professionals, sales and business development teams, as well as government agencies and organizations. With its range of features and user-friendly interface, Asentex Contract Management aims to help businesses efficiently create, store, track, collaborate on, and analyze contracts, ensuring compliance and enhancing productivity.

## Key Features

**Efficient Contract Creation**: According to the vendor, Asentex Contract Management streamlines the contract creation process by allowing users to create custom contract templates, generate contracts with pre-defined clauses and terms, and automate the inclusion of standard language.

**Centralized Contract Repository**: The vendor claims that Asentex Contract Management provides a centralized and secure repository to store all contracts. Users can easily search and retrieve contracts based on various criteria, organize contracts by categories, tags, or custom metadata, and ensure version control and track contract history.

**Contract Lifecycle Management**: Asentex Contract Management allows users to track contract milestones, key dates, and renewal deadlines. The vendor states that users can set up automated notifications and reminders, monitor contract performance and compliance, and generate reports on contract status and performance metrics.

**Collaborative Contract Negotiation**: According to the vendor, Asentex Contract Management facilitates collaboration and communication among stakeholders during contract negotiation. Users can assign tasks and responsibilities, track changes and revisions made to contracts, and maintain an audit trail of all contract negotiations.

**Electronic Signature Integration**: The vendor claims that Asentex Contract Management integrates with electronic signature platforms, allowing stakeholders to sign contracts electronically. They state that the software ensures the security and authenticity of electronic signatures, and tracks and stores signed contracts for easy reference.

**Contract Approval Workflow**: Asentex Contract Management allows users to define and automate contract approval workflows. According to the vendor, users can assign approval roles and permissions to stakeholders, route contracts for review, approval, and sign-off, and monitor the progress of contract approvals in real-time.

**Contract Compliance Monitoring**: The vendor states that Asentex Contract Management provides automated alerts and notifications to monitor contract compliance. Users can track performance against contract terms and obligations, identify potential risks and issues related to contract compliance, and generate compliance reports for auditing purposes.

**Contract Analytics and Reporting**: Asentex Contract Management offers customizable reports on contract data and metrics, allowing users to analyze contract performance, trends, and risks. According to the vendor, this feature provides insights into contract value, revenue, and costs, and helps identify opportunities for process improvement and optimization.

**Integration with External Systems**: The vendor claims that Asentex Contract Management integrates with third-party systems such as CRM, ERP, and accounting software. Users can sync contract data with other business applications, automate data transfer, and eliminate manual data entry, ensuring data consistency and accuracy across systems.

INHUBBER

Essential

Professional

ContractHero

Asentex Contract Management

Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.

Asentex

Contract Authoring

Features related to the contract authoring process.

Contract creation

Includes a document generator and tools for creating new contracts.

Contract templates

Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.

Clause library/saved fields

Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.

Integration to CPQ

Integrates to CPQ software so that calculated quotes/configuration details can feed into contracts. This is an important element of automation in the contract authoring process.

PDF generator

Users can generate PDFs of contract documents.

Contract attachments

Users can attach other documents, like invoices, images, meeting minutes, memos, etc, to contracts.

Guided logic

Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.

Contract Collaboration

Features related to collaborating on contracts.

Contract sharing

Users can easily and securely share contracts with internal users and external users. Contracts are accessible.

Contract editing

Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.

Contract merge

Multiple versions of a contract can be merged.

Collaborating on contracts

Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.

MS Word plug-in

Users can make changes to contract language using Microsoft Word.

Approval process

Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.

Parallel approvals

Users can set up complex workflows to handle parallel approvals.

Interdepartmental workflows

Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.

Contract Monitoring

Features that enable users to monitor the status of contracts.

Contract database

Contracts are stored and organized in a central repository.

VORs

Allows users to send/receive variation order requests and coordinate these with contracts.

Contract search

Users can easily look up contracts within the database.

Contract milestone reminders & alerts

Users can schedule reminders and/or trigger alerts according to contract milestones.

Custom contract reports

Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.

Tracking contract status

Users can track the status of a contract as it moves through the approval process and beyond.

Salesforce integration

Integrates to Salesforce so that contracts are tied to contact’s CRM records.

Compliance check

Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.

Tools and features to aid in contract management and formation.

Contract Storage

Centralized storage and management of all contracts in one place.

Document Management

Ability to upload, organize, and track changes to contract documents.

Advanced Search and Filtering

Efficient search functionality and advanced filters to quickly locate specific contracts or clause language.

Version Controls

Ability to track and manage different versions of contracts, including changes made and the history of revisions.

Customizable Contract Templates

Pre-defined templates that can be customized for different types of contracts.

Workflow Acceleration

Streamline the contract approval process by automating workflows and notifications.

E-Signatures

Capability to electronically verify user signatures, eliminating the need for physical signatures and enhancing efficiency.

Reminders and Alerts

Automated alerts and reminders for important contract dates, deadlines, and milestones.

Analytics and Reporting

Generate reports and gather insights on contract status, performance, and compliance.

Integration with other Systems

Ability to integrate with other tools, such as CRM or ERP systems, to exchange contract data seamlessly.

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Asentex Contract Management

Overview

What is Asentex Contract Management?