Digital Object and Contract Management

DOCM


What is DOCM? DOCM stands for Digital Object & Contract Management. DOCM is a systematic, process-driven software solution for creating, processing, monitoring and evaluating contracts.

 
 

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.

 

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.
 

Why invest money in a contract management system?

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.

Actions of the parties involved can trigger contract clauses and require the fulfillment of requirements based on certain deadlines (framework contracts). The best solution for managing these living documents is to use a software platform that facilitates and covers the entire lifecycle of contracts and ensures it in conjunction with a defined contract management process.

 

Managing contracts online in SharePoint - DOCM the solution

Contract management means more than just managing contract documents. Contract management refers to all activities that deal with the development / design, administration, adaptation, processing and updating of all contracts of a company. 

Contract management thus includes the support of contractual negotiations between client and contractor, the implementation of contracts and the execution of contract changes for technical, scheduling, personnel or financial reasons. ( Wikipedia )

The claim of the DOCM SharePoint solution is to support the user in the respective defined contract management process, a smooth online collaboration and to ensure a targeted flow of information in the company.

 

Aus dem Content

Vertragsrisikoauswertung

What business risks arise in the absence of a contract management system?

Contract risks are only risks if they have not been evaluated and made manageable by an action plan to be taken. However, if this risk assessment is only a one-off process, i.e. these risks do not remain in focus through regular audits, then you cannot benefit from your previous assessment.
Vertragsrisikoauswertung

Risk management

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.
Vertragsstrukturierung

DOCM Contract Structuring

The contractual framework is structured in individual, framework and consortium or project contracts. Individual contracts are concluded for a specific contract object; they can be concluded for a limited or unlimited period. An outline agreement is a scheduling agreement that defines the terms of delivery between the supplier and the customer. Consortium or project contracts are concluded for the realization of larger projects, usually construction or infrastructure measures.
Vertragswertauswertung Kunden Lieferanten

Do you have an overview of the revenue with your suppliers?

Do you need a quick overview of the current turnover with your suppliers? On the basis of a contract value evaluation / analysis over the specified contract period of the recorded individual contracts, the SharePoint solution DOCM allows you to provide this information at any time without large evaluations with a mouse click. 
Kostenermittlung

Why invest money in a contract management system?

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.

DOCM User

What are the benefits of using an enterprise-wide digital contract management solution for each user group?

Every company department (purchasing, controlling and legal department, etc.) needs a different view of the data of a contract and its evaluation.