The main difference between a contract management software and a basic software for storing and managing contracts is that the former harnesses contract data to actively monitor and impact business processes while simultaneously providing support in a multitude of different areas. In the contract management system, all appertaining information of a contract becomes immediately available, for e.g., relationships to other agreements or objects, invoicing plans, service level etc. What types of information will be stored to a contract is individually adjustable. Of course, all appertaining documents of a contract can be found easily - everything can be found in one location.
The contract management software cuContract is 100% integrated into SAP systems. This profound process integration opens the door to a myriad of possibilities. This allows the software to connect to the SAP default modules for Finance, Controlling, Sales, Purchasing, and many more, and be called up from any feature of the SAP system. Thus, contracts are not managed in a vacuum but rather consistently and transparently in connection with the process, contract, cost, and posting contexts.
Due to the complete integration into the Microsoft systems, cuContract and the Microsoft products complement each other perfectly. This allows you to call up, use and edit the stored documents and information from MS Office applications or store them in the electronic record with a click – this can be done bidirectionally from MS SharePoint.
The contract management software cuContract can be employed across industries and increases the efficiency as well as planning and steering abilities in all departments working with contract documents. From HR, to Administration over Legal and Controlling, digitizing those processes allows you to utilize enormous savings potentials.