Contract Management
Effortlessly manage every contract
Oversee every stage of your contracts with ease—from creation to renewal—complete with tracking, digital signing, and proactive risk management.
Contract monitoring
Track contract progress and KPIs to ensure agreements are met and address issues early.
Approval workflows
Set up streamlined approval routes and required fields to speed up reviews and sign-offs.
Digital signing
Minimise lead times with secure e-signing, tracking progress and storing signed contracts automatically.
Streamlined approvals for faster, smarter collaboration
Take control of your contract management process with seamless, intelligent approvals that keep your team in sync. From data extraction to workflow optimisation, our solution empowers you to make every approval step faster and more efficient.
- Intelligently extract data
- Comprehensive visibility
- Connect with Sourcing and Procurement
- Streamline workflows
Stay in control of every contract’s lifecycle
Gain real-time insights to monitor progress and stay ahead of renewals. Proactively manage risks and make informed decisions at every stage.
Customised templates
Easily standardise contracts with tailored templates, ensuring consistency and compliance every time.
Renewal alerts
Receive timely notifications to make proactive decisions on contract renewals or terminations.
Risk management
Gain visibility into contract terms to manage potential risks before they escalate.
From complexity to clarity with Stratas
Our solutions are created by industry veterans who’ve been in your position. With Stratas, you gain a partner who understands your challenges and is dedicated to delivering results through flexible, intuitive automation.
- End-to-End support
- Software-agnostic solutions
- Rapid implementation
- Enhanced data accuracy and compliance
- Solutions designed by industry veterans
- Seamless integration with existing workflows
What is contract management automation, and why is it beneficial?
Contract management automation streamlines the lifecycle of contracts—from creation to approval and renewal—using digital tools. This approach reduces manual processing, shortens approval times, enhances compliance, and provides a transparent audit trail, making it easier to manage complex contract portfolios efficiently.
How does contract automation improve compliance and risk management?
Automated contract management ensures that contracts consistently include required clauses, reducing the risk of non-compliance. It also enables real-time tracking of contract deadlines, renewals, and compliance requirements, which helps organisations avoid missed obligations and manage associated risks more effectively.
Can automation speed up the contract approval process?
Yes, automation significantly accelerates the approval process by routing contracts automatically to relevant reviewers and approvers. This reduces administrative delays, eliminates bottlenecks, and allows for faster decision-making, which is particularly valuable in fast-paced or high-volume environments.
How does automated contract management support better supplier relationships?
Automation facilitates transparent and consistent contract terms, making it easier to track supplier performance and adherence to agreements. This fosters accountability, improves communication, and strengthens supplier relationships by ensuring that both parties can easily meet and monitor their obligations.
What types of businesses benefit the most from contract management automation?
Businesses in procurement, finance, legal, and HR with high contract volumes benefit greatly from automation. Industries such as healthcare, finance, manufacturing, and logistics—where compliance, timeliness, and accuracy are critical—find particular value in automating contract workflows.
Can contract management automation integrate with other business systems?
Yes, most contract management platforms offer integrations with other systems, such as procurement, finance, and CRM software. This integration enables seamless data flow across departments, providing end-to-end visibility and aligning contract data with broader business processes, from sourcing to payment.
Frequently Asked Questions
Explore common questions about contract management automation and discover how it can streamline workflows, ensure compliance, and strengthen supplier relationships.
Speak to an expert
Ready to simplify contract management?
Experience a more effective way to manage contracts, with streamlined solutions that enhance oversight, compliance, and productivity.
enquiries@stratas.co.uk
Phone
01908 030 400
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