20 Most Promising Enterprise Contract Management Solution Providers - 2015
Business contracts were traditionally record keeping instruments that chronicled the terms and conditions for service providers and their clients. Modern day enterprises are implementing contract management strategies to secure contract storage and augment their overall operations. Contract management today encompasses different aspects of vendor relationship management, facilitated by industry specific solutions.
Enterprise Contract Management systems (ECM) have gradually emerged as a scalable alternative for organizations that are still stuck with spreadsheet systems, shared drives, and paper based contract management. Modern enterprises are leveraging both on-premise and cloud versions of the ECM software to streamline and monitor their contract lifecycle management processes.
Shorter contract cycles, litigation proofing, minimal compliance breaches and lower instances of contract term violations are the key benefits of implementing an ECM solution. The solutions also feature multiple service level agreements to ensure buy side and sell side adherence to service standards. With a wide array of solutions to choose from, the CIOs are having a tough time zeroing in on a suitable solution. To address their requirements, CIOReview presents “20 Most Promising Enterprise Contract Management Solution Providers 2015.”
A distinguished panel comprising of CEOs, CIOs, VCs, analysts, and our editorial board have compiled this list of top contract management solution providers. The companies featured here provide a look into how their solutions equip the enterprises to set the benchmark in a competitive marketplace.
In our selection process, we looked at the vendor’s capability to provide cost-effective and flexible solutions that add value to the contract management services landscape. We present to you 20 Most Promising Enterprise Contract Management Solution Providers 2015.