Digital Object and Contract Management

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.

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.

The Brexit shows how important company-wide property and contract management is for companies operating throughout Europe!

In an article on the ntv website of 12 June 2019 entitled: EU demands 44 billion euros, the author writes among other things: "In the view of the Brussels Commission, the European Union is now well prepared for the dreaded Brexit without a treaty. No further legal emergency measures would be needed before the now valid departure date of 31 October, the EU Commission explained. All member states are highly prepared for all scenarios". […]
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. 
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.
If you need a complete overview of the business data (costs and revenues) based on your customer and supplier relationships at a glance, you can achieve this with a mouse click. The following interactive graph enables you to quickly determine your current contractual fixed business relationships based on the contract values of the active contracts.
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".
With the new DOCM Mega menu, users can reach their desired destination quickly and easily. 

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.