Compare Emptoris Contract Management vs. Open Contract Manager (OCM) in 2025

Open Contract Manager (OCM)

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Description

Emptoris® Contract Management is an online platform designed to oversee and maintain legal agreements between involved parties. This software enables users to draft, authorize, negotiate, finalize, and modify contracts efficiently. Additionally, it allows for the organization of previously completed contracts into a centralized repository for easy access in the future. The application features a range of contract categories and types, reflecting the diverse nature of agreements managed within. Throughout their lifecycle, contracts undergo various stages and possess different status indicators within the workflow. Each contract is made up of specific components and attributes that define its characteristics. In Emptoris Contract Management, user roles come with distinct permissions allowing individuals to perform different functions within the application. There are three primary types of contracts or document classifications that users can create and manage in Emptoris Contract Management, ensuring flexibility and comprehensive control over legal agreements. The platform streamlines the contract management process, enhancing efficiency and collaboration among all parties involved.

Description

Open Contract Manager (OCM), built on the Alfresco platform, is an open-source solution focused on contract management that enables organizations to draft, assess, supervise, and finalize agreements with their vendors and suppliers. This versatile solution can be deployed either on the Cloud, utilizing Alfresco's usage-based pricing, or on-premises through an Alfresco Enterprise Edition subscription, providing businesses with the scalability and flexibility they need. For a prominent bank in Singapore, we developed a tailored Contract Management and Procurement system that significantly enhanced operational efficiency by integrating tax and legal frameworks from over five Asian countries, offering support in three languages, and achieving a remarkable 70% reduction in total cost of ownership compared to proprietary technology solutions. In addition, we successfully migrated more than 5000 legacy contracts using an automated migration tool. Our clients have seen substantial benefits from our knowledge and experience, as detailed in our comprehensive literature. We also maintain a library of components, frameworks, and products designed to facilitate quicker deployments, ensuring that organizations can quickly adapt to their contract management needs. Through these resources, we aim to empower businesses to streamline their contract processes and improve overall effectiveness.