Name: otris contract
Author: Otris Software

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otris contract is a contract management software solution designed to streamline and optimize the contract lifecycle for small to large companies. According to the vendor, this software caters to a wide range of professions and industries, including legal professionals, contract managers, compliance officers, procurement professionals, and finance professionals. With its robust features and user-friendly interface, otris contract aims to provide an efficient and secure platform for managing contracts, ensuring compliance, and enhancing overall productivity.

## Key Features

**Digital contract file**: According to the vendor, otris contract offers a central location for storing contract-related information, including contracts, correspondence, notes, and attachments. It provides versioning capability to track changes and offers a structured filing system and powerful search functions for easy retrieval of information.

**Contract creation | Digital signature**: The vendor states that otris contract simplifies the contract drafting process through its template system and clause management. It aims to ensure legally secure contracts, even for employees without legal training, by providing strict specifications. The software also offers digital signature functionality for added convenience and efficiency.

**Deadline control | Resubmission**: otris contract includes an automated warning system to help users stay on top of deadlines. According to the vendor, this feature alerts users to upcoming deadlines and has an escalation workflow in place to notify predefined individuals in case a deadline is missed.

**Individual workflows**: The vendor claims that otris contract provides a graphical workflow designer that allows users to define multi-stage contract approval processes. It aims to automate digital contract signature and data check after contract entry, reducing manual effort and increasing efficiency.

**Permissions | Access**: According to the vendor, otris contract offers a differentiated authorization and access concept with clear rules and exceptions. The software allows for customizable access control, ranging from a pragmatic approach to complex access management, to ensure data security and privacy.

**Reporting | Controlling**: otris contract integrates comprehensive business intelligence functions, according to the vendor. It enables data retrieval for individual evaluation, grouping, and arrangement, providing valuable insights into contract management processes for improved decision-making.

**Usability. Simple and intuitive**: The vendor claims that otris contract features a software interface designed for simplicity and ease of use. They state that the software has a short learning curve, which can enhance user acceptance and productivity.

**Integration. Smooth and platform-independent**: According to the vendor, otris contract seamlessly integrates with existing systems and platforms. It facilitates smooth data exchange and ensures compatibility with various software, eliminating the need for manual data entry and ensuring data consistency.

**Scope of functions. Customizable standard software**: The vendor states that otris contract has a modular structure with basic elements and customizable extensions. They claim that this allows for a tailor-made solution to meet specific requirements.

**Scalability. Uncomplicatedly expandable**: According to the vendor, otris contract is designed to be easily expandable and adaptable to growing needs. They claim that the software offers flexible scalability to accommodate changing business demands.

PandaDoc headquartered in San Francisco offers their eponymous electronic signature platform for sales teams, containing sales proposal automation and CPQ (configure, price, quote) features, and integration with CRMs.

Starter

Business

PandaDoc

otris 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

Otris Software

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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otris contract

Overview

What is otris contract?