Name: Ntracts
Author: Ntracts

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Ntracts is a Contract Lifecycle Management solution designed specifically for healthcare organizations. According to the vendor, it aims to streamline and automate the contract management process, ensuring consistency, accuracy, and compliance. It is marketed as a valuable tool for professionals in the healthcare industry, including healthcare providers, hospitals, physician practices, pharmaceutical companies, and insurance providers.

## Key Features

**Contract Workflow Automation**: According to the vendor, Ntracts automates contract movement and tasks to ensure consistency and accuracy in the contract management process. It is said to check contracts for compliance standards before reaching the signature stage, potentially reducing time and costs.

**Key Date & Task Management**: Ntracts claims to proactively manage contract key dates and tasks. The vendor states that it can identify termination and renewal dates in advance and initiate workflows accordingly, potentially preventing missed key dates and ensuring timely contract management.

**Integrated Electronic Signature**: The vendor states that Ntracts allows contracts to be signed within the system, eliminating the need to leave the platform. It is claimed to be a certified partner of DocuSign, providing a secure and reliable e-signature process. The system is said to automatically update with any changes from DocuSign.

**Contract Management**: Ntracts offers unlimited contract storage for easy review and access, according to the vendor. It allows separate records for different types of agreements and defines relationships between related contracts for better visibility. The system is said to track expiration dates and automatically notify vendors for updated documents.

**Ntracts Evaluations**: According to the vendor, this feature facilitates and automates the evaluation process of contracts, particularly those impacting patient care. Ntracts is claimed to assess contracts for compliance, associate evaluations with contract records for easy review, and provide standardized survey questions and scoring methodology.

**Contracting Processes**: Ntracts offers process improvement and optimization services, according to the vendor. It is claimed to analyze existing tools, processes, and stakeholders, identify pain points, and recommend improvements. Ntracts also claims to help develop contracting processes, policies, and future state technology.

**Data Accuracy**: Ntracts is said to abstract and validate key contractual data for accurate insights. The vendor claims that it can customize data capture for different contract types, organize contract files, and align master agreements for easy access. The system is said to perform database audits and assessments for improved data management.

**Contract Audits**: Ntracts claims to assist in Business Associate Agreement (BAA) audits and compliance. According to the vendor, it can capture BAA information, abstract agreed-upon data, perform database audits, and provide recommendations for improvement. Ntracts also claims to offer comprehensive reporting for compliance and documentation purposes.

INHUBBER

Essential

Professional

ContractHero

Ntracts

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 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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Ntracts

Overview

What is Ntracts?