Centralize, Standardize, Automate, Analyze
Contract administration is frequently a time consuming manual process fragmented across multiple business units. ROME ContractManagement is a product that accelerates the contract administration process, enforces corporate standards, leverages existing contracts enterprise-wide, and ensures corporate and regulatory compliance.
ROME ContractManagement integrates seamlessly with ROME CreditRisk. Legal documents including MPSAs, Guarantees, Letters of Credit, and Master Netting Aggreements are integrated with all other corporate contracts into the Contract Repository and shared across the entire organization.
ROME Contract Management is built for energy industry and contains unique contract management functionality to handle energy specific enabling agreements including: ISDA, EEI, NAESB, and NAESB Coversheets.
The standalone ROME CreditRisk product utilizes and maintains terms found in various legal documents to calculate contractually accurate exposure and actively manage the margining process.
With the addition of ROME ContractManagement you gain the ability to consolidate enterprise-wide contract information in a central repository, automate and standardize the contract administration life-cycle, gain real-time visibility into contract obligations, and evaluate contract performance.
ROME ContractManagement is composed of the Contract Repository, Contract Composer, and Contract Compliance Manager.
Contract Repository
The Contract Repository centralizes and standardizes enterprise-wide contract information into a common corporate repository, where it can be easily searched, accessed, and reported on. Key features include the ability to:
- Cleanse and load disparate legacy contracts.
- Support unlimited attachments including scanned or efaxed images.
- Perform full text searches and sorting based on keywords.
- Track version control.
- Share “leveraged” contracts across all groups and divisions.
- Implement permission-based access and control.
Contract Composer
The Contract Composer tightly integrates internal request, authoring, and administration processes, while enforcing the use of standard legal templates and approval workflows. Key features include the ability to:
- Automate standard contract administration responsbilities including key steps, tasks, and required approvals.
- Manage collaboration and approvals.
- Enforce use of configurable templates and terms.
- Configure custom contract forms .
- Generate automatically MS Word based contracts and contract terms.
- Utilize approved contract templates, forms, and clause libraries for contract authoring.
- Maintain full document management and revision control.
Contract Compliance Manager
The Contract Compliance Manager enables users to analyze enterprise-wide contract obligations and evaluate performance. Key features include the ability to:
- Monitor milestones, deliverables, renewals, and key date information.
- Audit all actions and events including the change, user, and timestamp.
- Analyze terms across portfolio and eliminate sub-optimal agreements and missed opportunites.
- Identify expired and redundant contracts.
- Manage reconciliation and compliance against key business terms.
- Create detailed reports for measuring and monitoring contract compliance.
Find out more about how ROME may benefit your organization.
Contact us at info@romecorp.com. |
