Overview
Emptoris- An efficient tool for improving Contracts Management & Procurement activities
• Sourcing
• …
Return your annual investment Day 1
Great customization options -- with certain limitations
Engineering eye for the business guy.
Keep on pushing the buttons
Emptoris Review - Very Powerful and flexible integrated solutions for experienced eSourcing practitioners
A to Z solution
Too complex for a simplified implementation
Differences in Contract Management
Contracts Management on Emptoris Product
Emptoris Contract Management & You
Invoicing made simple with Emptoris
Emptoris review from Network Development
Emptoris- A simple yet effective user review
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Contract database (5)7.777%
- Contract search (5)7.575%
Pricing
Emptoris
$59.00
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Demos
IBM Emptoris DocuSign Demo Video
Procurement - Demo Emptoris
Features
Contract Authoring
Features related to the contract authoring process.
- 9Contract creation(4) Ratings
Includes a document generator and tools for creating new contracts.
- 7.8Contract templates(4) Ratings
Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.
- 8.3Clause library/saved fields(4) Ratings
Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.
- 8Guided logic(2) Ratings
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.
- 8Contract sharing(4) Ratings
Users can easily and securely share contracts with internal users and external users. Contracts are accessible.
- 8.7Contract editing(4) Ratings
Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.
- 7.5Collaborating on contracts(3) Ratings
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.
- 7.5MS Word plug-in(2) Ratings
Users can make changes to contract language using Microsoft Word.
- 8.2Approval process(4) Ratings
Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.
- 7.8Interdepartmental workflows(4) Ratings
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.
- 7.7Contract database(5) Ratings
Contracts are stored and organized in a central repository.
- 7.5Contract search(5) Ratings
Users can easily look up contracts within the database.
- 8.5Contract milestone reminders & alerts(3) Ratings
Users can schedule reminders and/or trigger alerts according to contract milestones.
- 7.4Custom contract reports(4) Ratings
Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.
- 8.4Tracking contract status(4) Ratings
Users can track the status of a contract as it moves through the approval process and beyond.
- 7.9Compliance check(3) Ratings
Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is Emptoris?
Emptoris Competitors
Emptoris Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | No |
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(23)Attribute Ratings
Reviews
(1-2 of 2)Great customization options -- with certain limitations
- Document protection - the Check Out contract feature is a great way to allow external parties to make modifications to contract language without the ability to accept those changes. Those redlines can then be imported back into Emptoris and reviewed or further modified as needed.
- Notifications & reminders - you can trigger an email manually from within the system, or you can configure automated notifications andreminders to alert users when a new task is received or has aged a given amount of days, etc.
- Interview wizard - there is a lot of value in the interview wizard. Administrators can configure screens with selecting options via check boxes, radio buttons, or typed-in values. Variables and conditions can be used to selectively populate fields within the contract or apply other options, making for a quick and convenient method to generate contracts conforming to corporate standards.
- Field customization - administrators can customize a list of options for various fields including contract substatus, address type, and user created business term variables.
- Approvals - many different options are available to configure approvals to trigger automatically upon presenting and/or executing the contract including specific individuals, one or more approver groups, or based upon various criteria including terms within the contract, type of contract, or the contract's owning organization.
- Reporting on specific contract language - while it is easy to pull reports based on values populated within the configured business term variables, it is much more difficult to pull reports to identify specific contract language modifications which were typed in via redlining. Even using a workaround involving combining various repository search and reporting techniques, the contracts must still be opened individually to view the modified language if the containing clause exceeds 1,000 characters. This process is tedious and flawed and not something an average user is capable of managing on their own so administrator and/or IT department involvement is often required.
- Inelegant UI - while recent versions have a greatly improved UI, it is still quite inferior when compared to the modern user interface designs today's tech-savvy employees have become familiar with. Also, there are inconsistencies within the interface that are quite perplexing (for example, inconsistently named fields (Contract Substatus, Contract Sub Status, Contract SubStatus), or screens with consistent search criteria layout sometimes allow use of the Enter key on the keyboard to submit the search query while Enter doesn't work on identical screens and the user must manually mouse-click the Search button to submit the search query - while this is inconvenient, it does also call into question the behind-the-scenes quality control as well).
- Vendor support - sometimes it is a great experience. Often however open tickets can drag on for months or be picked up or handed off to many different support techs. It can be frustrated repeatedly relating the specifics of a complex issue to multiple individuals. Would much rather have complex issues which cannot be resolved within a single support touch-point be assigned to a primary owner who can work with the customer throughout the resolution process until the issue has been successfully resolved. This is an area which has a significant amount of opportunity for improvement.
- Contract creation
- 80%8.0
- Contract templates
- 80%8.0
- Clause library/saved fields
- 70%7.0
- Guided logic
- 80%8.0
- Contract sharing
- 60%6.0
- Contract editing
- 60%6.0
- Collaborating on contracts
- 60%6.0
- MS Word plug-in
- 60%6.0
- Approval process
- 60%6.0
- Interdepartmental workflows
- 40%4.0
- Contract database
- 80%8.0
- Contract search
- 70%7.0
- Contract milestone reminders & alerts
- 70%7.0
- Custom contract reports
- 30%3.0
- Tracking contract status
- 50%5.0
- Compliance check
- 30%3.0
- Increased ability to manage risk by ensuring all contract negotiators are working from the same standard template when they start each new contract - much better than using various iterations of Save-As Word documents
- Increased visibility into contract repository - much easier to see contract inventory within the Emptoris repository instead of filing cabinets full of contracts and Word docs saved to shared drives
- McKesson, SharePoint, Novatus, SunGard iWorks Macess and CobbleStone Contract Insight
- As a contract negotiator, a user has the ability to generate contracts tailored to the specific options and terms they need to capture in the agreement.
- As a claims analyst, a user has the ability to research active contracts and view a copy of the contract language and terms signed by both parties.
- As a contract language reviewer, a user can easily compare template language to redlined contract language side-by-side or using tracked changes bubbles to identify deviations from standard language.
- Looking forward, we hope to capitalize on Emptoris Contract Management's ability to interface with third-party digital signature providers such as DocuSign or EchoSign.
A to Z solution
- Contracts centrally managed
- Rfp / rfq / tender process enhanced
- User friendly / ease of use
- All attachements, documents, communication etc in one place
- One stop shop solution
- The general flow of things
- Straightforwardness
- More customization
- Increased efficiency
- Ease of use
- Training provided on new roll outs
- SciQuest,upside
- rfq initiation
- rfq evaluation
- contract management
- pre - post contract integration
- compliance monitoring
- audit trail
- SAP integration
- CMCP guidelines integration
- vendor user interface enhancement
- Product Features
- Product Usability
- Product Reputation
- Vendor Reputation
- Positive Sales Experience with the Vendor