Are you in Control?

At IBX we believe your company’s contracts are critical to your daily operations. After all, they represent all the business relationships throughout the organization. With IBX Contract Management you will not only get the best possible tool to support your organization in the complete contract management lifecycle, from sourcing to procurement, but you will also gain a knowledge source on how to implement and roll-out contract management throughout the entire organization. Thus ensuring that you will benefit from the most of your investment and attain the best-in-class models within this field of business and you will gain control.

To get the most value from contracts, your organization must be certain that the agreements it enters into are low in risk and that contractual terms are being observed and met. IBX Contract Management can help you maximize contract value by supporting streamlined, controlled processes and greater visibility throughout the contract life cycle for more effective, proactive contract management.

Contract management life cycle

IBX Contract Management enables management of all aspects of the contract life cycle – from strategy and creation to negotiations and finalization, and from contract visibility to internal and external compliance and performance monitoring.

• Contract creation and process management – Provides a contract workspace that captures all contract overview information, helps you manage contracting tasks, and generates contract documents from approved and standardized contract templates and clause libraries.
• Legal contract generation – Utilizes standard templates and clause libraries along with your personal selections to create legal agreements in Microsoft Word.
• Document management and collaboration – Provides standard document management tools, such as check in / check out, comments capture, versioning, secures third-party document access, and reviews and approves workflows.
• Item and term management – Allows for the capture of robust item and term data by contract type; enabling you to establish items, pricing, and discount structures within operational contracts and catalogs.
• Compliance management – Helps you create operational contracts in the back-end directly from the contract workspace; ensuring the use of the contract in practice. IBX Contract Manangement also supports performance and audit activities, such as milestone tracking and supplier reviews.
• Repository and search – Enables controlled access to the entire contract repository with powerful search functionality.
• Workbench, dashboards, and reporting – Provides an entry portal for end users to see their daily work tasks and updated reports, such as contract repository, contract values, language usage, contract expirations, performance alerts, non-compliance reports, and Sarbanes-Oxley-related reports.