Compare Open Contract Manager (OCM) vs. Ultria CLM in 2025

Ultria CLM

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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.

Description

Ultria CLM is a streamlined automated system for managing contracts that enhances the entire contract lifecycle from creation to execution and beyond. Its comprehensive solution ensures that all departments, including procurement, sales, finance, and legal, have access to a unified view of every contract, thereby optimizing contract utilization. By enabling effective management at scale, Ultria CLM significantly decreases turnaround times, centralizes contract storage, reduces risks, and increases the return on contract assets. Many organizations struggle to effectively oversee the multitude of contracts and their executions, making Ultria’s enterprise contract management software invaluable as it centralizes storage, monitors compliance across various aspects, and accelerates contract processing. Furthermore, Ultria CLM fosters a collaborative approach to contract management by uniting departments like Sales, Legal, Procurement, and HR on a single platform, while also offering seamless integration with other enterprise systems. This holistic approach not only simplifies the contract process but also enhances communication and efficiency across all involved teams.