Contract Lifecycle Management Software for Finance
Finance teams face a complex array of challenges when it comes to contracts. They carry the responsibility of financial profitability, on-time payments, and pricing changes. But managing all of this without contract software to provide reminders and reports is nearly impossible.
Just because a contract is mutually agreed upon, doesn’t mean it is mutually beneficial. There are numerous ways a contract can erode profit margins, especially with no contract software in place.
Missed contract commitments can incur financial penalties, and auto-renew clauses that go ignored can lock parties into unwanted agreements, impacting your bottom line.
Malbek Contrax™ contract software makes it possible for finance teams to properly structure contracts, safeguarding contract profitability. Through automation, intelligence, and reminders, Malbek Contrax makes it easy to stay on top of payments and price changes and reduces the worry of missing key financial terms. In addition, Malbek’s powerful artificial intelligence (AI) can help identify terms that make contracts more financially beneficial so that success becomes a more repeatable process.
Benefits of Contract Management for Finance
Avoid penalties from missed financial milestones
Stay on top of pricing changes built into the contract terms
Never miss a contract commitment again
Determine if the contract is financially beneficial