Open Contract Manager (OCM) Description
Alfresco-based Open Contract Manager is a workflow-centered Open Source contract management system that allows organizations to review, approve, monitor, and execute contracts. It can be run on Cloud (Alfresco’s user based pricing model), or on-premise (Alfresco EE) and offers flexibility and scalability as per the business's needs. A custom Contract Management & Procurement solution was developed for a major bank in Singapore. It enables them to improve their operational efficiency by integrating tax & legal systems from more than five Asian countries. This system also supports 3 languages and reduces total cost of ownership by 70% compared to proprietary technology-based solutions. An automated tool was used to migrate over 5000 legacy contracts.
Open Contract Manager (OCM) Alternatives
Gatekeeper
Gatekeeper is an AI-driven, powerful contract management solution that gives businesses complete control and visibility over their contracts.
Gatekeeper supports its customers:
Reduce costs
Customers can see all contracts clearly and identify areas that need consolidation or waste, as well as manage all contract renewals.
Save time.
Gatekeeper's workflow engine automates contract processes, reducing manual effort and ensuring that agreed procedures are followed.
Mitigate risks.
Gatekeeper's customers reduce contract risk by effective categorisation, management, and the establishment of fully auditable records for all contract activity.
Realise agreed contract benefits.
Research shows that on average, half of the savings negotiated are not realized after a contract has been signed. This is due to a lack of oversight and monitoring. Gatekeeper helps customers stay on track.
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LightHub
LightHub is your single point of access to a wide range of legal products. LightHub helps in-house legal, procurement and contracting teams better manage their contracts. Our platform streamlines contracting from inception, through contract generation, negotiations, and execution. LightHub was created by a group of lawyers who handle thousands of contracts annually for clients in many jurisdictions and industries. LightHub is a result of extensive experience and expertise. It understands the needs and requirements of contract managers. LightHub was born out of the struggle to create an online system capable of managing the many legal requirements involved with managing and drafting contracts. Lighthub's dedicated knowledge repository allows you to manage contracts easily and navigate through unfamiliar territory.
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Lexzur
Lexzur is a complete Legal Practice Management Solution that targets the entire market of lawyers, in law firms and within-house legal departments.
One solution that allows law firms and other businesses in legal industry to manage legal matters and tasks, contracts deadlines, clients and documents, hearings and time logs, expense records, financial records and many more.
Lexzur supports multiple languages & multiple currencies. It is available in the cloud, on-premises and as Private SaaS.
Lexzur's mobile app for Android, iPhone, and Android allows teams to conduct client interactions, document management and billable hours tracking from anywhere. Push notifications and messaging tools are available in the mobile app to keep users connected.
Lexzur is a one-stop solution that replaces all tools for legal professionals. It is modular, easy-to-use, and addresses the entire market with clients in 67+ nations of all sizes.
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Juro
Juro’s intelligent contract automation platform enables your team to create, execute and manage contracts 10x faster than traditional tools. The end-to-end platform powers the entire contract lifecycle from initiation through to renewal all within a secure, browser-native environment.
Empower teams with self-serve for routine contracts. Flexible templates and workflows enable non-legal users to instantly initiate and manage contracts without legal input, freeing up time for high value work and increased productivity.
Agree contracts 10x faster with powerful AI. Draft contracts instantly with secure guardrails, summarize legal text to ensure full understanding of agreements, and review contracts with guardrails to get to revenue faster.
Get instant visibility into your contract data with Juro’s dynamic repository. Query your contract data in seconds, or create real-time, dynamic reports into your contracts. Automated key date reminders ensure that you will never miss a renewal again, saving your team on legal costs and mitigating risk.
Juro’s deep integrations enable your business teams to initiate and manage contracts from tools they already use, ensuring widespread adoption, data integrity, and faster closing times.
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Pricing
Free Trial:
Yes
Integrations
No Integrations at this time
Company Details
Company:
CIGNEX
Year Founded:
2000
Headquarters:
United States
Website:
www.cignex.com
Media
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Product Details
Platforms
SaaS
Mac
Windows
On-Premises
Type of Training
Live Online
Customer Support
Phone Support
Open Contract Manager (OCM) Features and Options
Contract Management Software
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
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