DOCM


DOCM means Digital Object & Contract Management.
DOCM is a customizable for several clients, process-controlled software solution for creating, editing, monitoring and evaluating contracts.
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Benefits


Centralization of object and contract management with all contract-relevant digitalized information in a relational database creates the necessary transparency, enables compliance with legal obligations and thus forms the basis for your compliance processes.
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Advantages


Corporate contract management 
Every company department needs a different view of the data in a contract. A communication and collaboration platform can provide these different views of a contract management system centrally.
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Individual contracts either stand alone or are created in the context of an existing outline agreement and assigned to the outline agreement. A comprehensive classification is available for entering individual contracts. .

According to the Gartner Group, 60% of all supplier contracts automatically renew without the buyer's knowledge, mainly because the buyer fails to terminate the contract. Even more astonishing is the fact that 50% of the contracts are renewed several times without the buyer's knowledge (Forbes, Gardner group).

A laissez-faire attitude towards contract management can have serious financial consequences, as automatic contract renewals often involve more expensive terms and late terminations can lead to litigation and damage. Contracts are not documents to "sign and file", they are rather living documents that are subject to real events / changes.

Every company department (purchasing, controlling and legal department, etc.) needs a different view of the data of a contract and its evaluation.
Contracts must be checked legally and technically as part of a company-wide contract management process. For this purpose, possible risks must be identified and evaluated in each phase of the contract life cycle.
Artificial Intelligence & Cognitive Services Our applications and programs use Artificial Intelligence in the field of Deep Learning. Learn more about our programs in the area of natural language recognition (NLP), as well as image recognition. Our implementation uses our own neural networks, or leverages the services of our global partners. We call the integration of AI knowledge "Cognitive Services".
ABOUT US - BPEX "We are the consultant in the field of Digital Processes. Our team combines many years of experience as consultants for system management tasks and developers of complex process automation tools. If you are interested in DOCM and need support in the area of contract management, we will be happy to assist you as consultants. With us, you receive the DOCM software solution as well as the service from a single source. This means that implementation is straightforward, and if you have any open questions, simply get in touch with us.