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Description
Streamlining adherence to contractual commitments while integrating all decision-makers safeguards significant CAPEX investments, enhances performance, and boosts profitability throughout the asset lifecycle. AVEVA Contract Risk Management is tailored to address the specific demands of Prime Contractors and Owner Operators engaged in the execution of industrial capital projects. This solution facilitates superior decision-making, safeguards financial investments, aligns teams, and increases the profitability of crucial capital investments. Given that capital projects are often fraught with risks, the comprehensive features of Contract Risk Management—including best-practice protocols, claims management, and a proactive alert system—promote heightened efficiency and total project transparency, ensuring constant reassurance. Moreover, users can initiate change requests through preapproved templates, while customizable workflows streamline the routing of these requests to the appropriate parties for assessment and approval. Effectively recognizing the implications of unforeseen changes allows for adequate evaluation time, ultimately contributing to more informed and strategic project management decisions. This proactive approach not only mitigates risks but also fosters a culture of accountability among all stakeholders.
Description
Contract Corridor serves as an advanced Contract Lifecycle Management (CLM) solution aimed at assisting organizations in the creation, negotiation, approval, storage, and oversight of contracts throughout their entire lifecycle. The platform simplifies pre-signature processes, which encompass activities like request intake, template-driven drafting, clause standardization, negotiation, version comparison, approvals, and obtaining signatures, while also handling post-signature responsibilities by utilizing automated alerts and notifications for significant milestones, extracting metadata, configuring workflow routing, maintaining audit trails, and generating reports. With its secure repository, Contract Corridor acts as a centralized source of truth for various entities, regions, and contract types. It is fully compatible with Microsoft 365 applications including Word, SharePoint, Teams, and Outlook, promoting seamless teamwork without causing duplication or disrupting workflows. In addition to boosting visibility and safeguarding revenue, Contract Corridor minimizes risks, enhances compliance, and equips organizations to make quicker, data-informed decisions. This comprehensive platform ultimately transforms the way contracts are managed, fostering efficiency and collaboration across the board.
API Access
Has API
API Access
Has API
Integrations
AVEVA Enterprise Resource Management
AVEVA Unified Project Execution
Docusign
Matter Manager
Microsoft 365
Microsoft Azure
Microsoft Excel
Microsoft Outlook
Microsoft Power BI
Microsoft SharePoint
Integrations
AVEVA Enterprise Resource Management
AVEVA Unified Project Execution
Docusign
Matter Manager
Microsoft 365
Microsoft Azure
Microsoft Excel
Microsoft Outlook
Microsoft Power BI
Microsoft SharePoint
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$350
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
AVEVA
Founded
1967
Country
United Kingdom
Website
www.aveva.com/en/products/contract-risk-management/
Vendor Details
Company Name
Contract Corridor
Founded
2020
Country
South Africa
Website
contractcorridor.com
Product Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management
Product Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management