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