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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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.

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.
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.
With the new DOCM Mega menu, users can reach their desired destination quickly and easily. 
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.