Name: ESM Contract
Author: ESM Solutions

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Enterprise

Accounting

Financial Close

Finance and Accounting

Applicant Tracking

Background Check

Corporate Learning Management

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HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Business Internet Service Providers (ISPs)

Cloud Cost Management

Cloud Storage

Data Preparation

Debugging

Edge Computing

Fraud Detection

Integration Platform as a Service (iPaaS)

License Management

Managed Hosting

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Modular Storage Area Network (SAN)

Network Function Virtualization (NFV)

Network Monitoring

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Packet Analyzer

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ESM Contract is a contract management solution designed to help organizations efficiently and securely manage their contracts throughout the entire lifecycle. According to the vendor, ESM Contract provides a centralized repository for storing and managing contracts, catering to organizations of all sizes, including educational institutions such as higher education institutions, K-12 schools, school districts, colleges, and universities.

## Key Features

**Convenience**: ESM Contract offers a central contract repository where contracts can be stored and managed more efficiently and securely. The system provides approval, alert, and notification workflows to streamline the contract lifecycle. Users can access and manage contracts from a centralized location, aiming to eliminate the need for paper contracts and manual tracking.

**Intelligence**: According to the vendor, ESM Contract provides deeper visibility into contractual agreements, enabling organizations to manage spend more intelligently. Users can establish alerts and notifications to monitor contract values, renewals, and expiration dates. The system offers insights into the terms, pricing, and service obligations of approved contracts, aiming to support better decision-making.

**Community**: ESM Contract promotes collaboration across the institution by granting secure access to negotiated contracts for stakeholders. Users can search for and view approved contracts, gaining insights into authorizations, preferred terms, pricing, and service obligations. The system facilitates improved communication and collaboration between different departments and stakeholders involved in contract management.

**Mission**: According to the vendor, ESM Contract aims to minimize risk by eliminating paper contracts and implementing appropriate controls throughout the contract lifecycle. The system ensures compliance with contract management processes, aiming to reduce the risk of errors, oversights, and non-compliance. By digitizing contract management, organizations can potentially improve performance, increase compliance, and reduce institutional risk.

**Review, approve, and manage contractual agreements**: ESM Contract provides digital capabilities for reviewing, approving, and managing contractual agreements. The system eliminates the need for paper contracts, Excel spreadsheets, and shadow databases, potentially improving efficiency and reducing errors. Users can easily track contract progress, manage approvals, and ensure compliance with organizational policies and procedures.

**Automated workflows**: ESM Contract offers automated workflows to facilitate the necessary approval processes and proper management of contracts. This feature aims to streamline the contract lifecycle and reduce the risk of delays or missed deadlines.

**Improved visibility**: ESM Contract provides enhanced visibility into contractual agreements, aiming to support better understanding of terms, pricing, and service obligations. This feature may enable more informed decision-making and identification of cost-saving opportunities.

**Secure access**: ESM Contract grants secure access to negotiated contracts for stakeholders, aiming to promote collaboration and transparency within the organization. Users can search for and view approved contracts, gaining insights into authorizations, preferred terms, pricing, and service obligations.

**Compliance**: According to the vendor, ESM Contract ensures compliance with contract management processes, aiming to reduce the risk of errors, oversights, and non-compliance. By digitizing contract management, organizations may potentially improve performance, increase compliance, and reduce institutional risk.


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signNow is an eSignature solution with mobile apps for iOS and Android. signNow can be integrated into popular platforms and offers SaaS, public cloud, and private cloud deployment options with the same underlying API. This enables customers to leverage the power and usability of the signNow eSignature platform, while meeting their particular security and compliance requirements.

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airSlate SignNow

ESM Contract

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.

Contract Management

ESM Solutions

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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ESM Contract

Overview

What is ESM Contract?