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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

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

Lack of clarity regarding the number of active contracts, their storage locations, and the individuals accountable for them can significantly heighten your organization's exposure to unnecessary risks. Are your contracts dispersed throughout various departments? Can you swiftly search for and access the most recent versions? Do you have a comprehensive understanding of all impending termination and renewal dates? Are you potentially paying for services that you are not actually receiving? Are contracts being executed without undergoing a thorough review by your legal team? As the volume of contracts within your organization increases, it becomes increasingly challenging to monitor their locations and the responsible parties. If contracts are not effectively managed, they could place your business at risk for substantial losses due to unclaimed benefits or compliance violations. To mitigate these risks, it is essential for your organization to implement a contract management solution that oversees the entire lifecycle of contracts, encompassing everything from initial requests and approvals to managing obligations and renewals, thereby ensuring better oversight and reduced risk. Such software can not only streamline processes but also enhance accountability across the organization.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

AVEVA Enterprise Resource Management Yes 
AVEVA Unified Project Execution Yes 
Microsoft 365 No 
Microsoft SharePoint No 

Integrations

AVEVA Enterprise Resource Management No 
AVEVA Unified Project Execution No 
Microsoft 365 Yes 
Microsoft SharePoint Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person Yes 

Vendor Details

Company Name

AVEVA

Founded

1967

Country

United Kingdom

Website

www.aveva.com/en/products/contract-risk-management/

Vendor Details

Company Name

Navantis

Founded

1998

Country

Canada

Website

www.navantis.com/contract-records-management/

Product Features

Contract Management

Buy Side (Suppliers) Yes 
Completion Tracking Yes 
Compliance Tracking No 
Contract Lifecycle Management Yes 
Electronic Signature No 
Full Text Search Yes 
Government Contracts Yes 
Pre-built Templates Yes 
Sell Side (Customers) No 
Specialty Contracts Yes 
Version Control Yes 
Workflow Management Yes 

Product Features

Contract Management

Buy Side (Suppliers) No 
Completion Tracking Yes 
Compliance Tracking Yes 
Contract Lifecycle Management Yes 
Electronic Signature Yes 
Full Text Search Yes 
Government Contracts No 
Pre-built Templates Yes 
Sell Side (Customers) No 
Specialty Contracts No 
Version Control Yes 
Workflow Management Yes 

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