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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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".
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.

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.
Contract management refers to all activities that deal with the development / design, administration, adaptation, processing and updating of all contracts of a company. The DOCM SharePoint solution supports the user in the activities and tasks defined above.
By subdividing the contract costs into "fixed costs" and "imputed costs" and "one-off costs", different payment models of the contracts, such as maintenance and purchase contracts, can be mapped.