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Corporate governance and compliance, coupled with an increased focus on risk mitigation is forcing companies within the Energy and Utilities sector to re-evaluate their enterprise contract management solutions. From contractual reporting and notifications to health and safety oversight, auditors are demanding that contract administrators actively demonstrate awareness and compliance with industry standards and practices. ASC Contracts provides a solution that manages contract generation and approval workflow while mitigating the health and safety risks during the life of the agreement.
ASC Contracts provides a customer tailored solution quickly and cost effectively to help organizations in the following key areas:
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Author
ASC Contracts allows contract administrators to dynamically generate legally approved and compliant agreements in a variety of formats. Using shared attributes across a number of contract templates, ASC contracts has the ability to dynamically create contracts based on administrator selections in both PDF to lock the contents, or in Word, where redlining capabilities may be required. To accommodate field teams where internet connections are not readily available, ASCContracts provides offline capabilities to allow your teams to seamlessly follow a standard process in creating contracts and capturing signatures on agreements in real time.
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Approve
When a contractual agreement is being negotiated, the contract can be automatically routed to the appropriate party for approval. Role-based work lists are easily configured to ensure that agreements do not fall through the cracks. Approval metrics are automatically generated to identify bottlenecks and facilitate process review and improvement. ASC Contracts™ powerful workflow engine supports separate workflows for each contract type including parallel and/or serial approval processes. In addition, the workflow engine can generate notifications when specific time parameters have elapsed and escalate approvals to ensure timely processing of all contract approvals. A fully automated audit trail maintains a complete view of the history of the agreement approvals from start to finish, including taking “snapshots” in time of any agreement at any given time.
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Capture
Using ASC’s patent-pending Bar-Code technology, the signed paperwork with "wet signature" can be captured and positively and uniquely associated with the electronic version of the document. There is no concern that a customer may be signing an out of date version of the contract, or that a signature page is from a different revision. Even third party agreements can be automatically uploaded using bar coded cover pages. Status values are adjusted upon the receipt of signed images, thereby facilitating demonstration of compliance to corporate or regulatory compliance. This added layer of security is a clear differentiator which no one else offers and allows users to simply use a fax or scan and attach the signed document for real time verification of the signed agreement.
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Notify
The ASC Contracts solution provides automated notifications of key dates. Whether it is contract expiry, or notification of key compliance due dates, the system allows for flexible configuration of notifications. In addition to milestone notifications, each user can set up their own scheduled reports/notifications to stay on top of their worklist. These notifications can be user configured to arrive daily, weekly, monthly or quarterly, based on your needs.
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Manage Health and Safety
From contractor pre-qualification to work site inspections, injury reports and contractor performance assessments, the ASC Contracts solution provides oversight into your mitigation of workplace health and safety risks. By providing linked central repositories for contractors, service requests and contracts, the ASC Contracts solution, allows both auditors and contract administrators to quickly access a centralized database to gain insight into contractor non-conformances, assessments and action lists through a series of hierarchical tabs and summaries. |
ASC Contracts - Solution Benefits
Armed with ASC Contracts, Energy and Utility organizations can obtain significant benefits, including:
- Operational Efficiencies - Cost Savings
- Automate authoring process with data population to generate agreements
- Reduce churn with authoring and approving processes
- Mechanize scan and capture process via bar coding
- Automate the generation of job-specific inspection forms
- Automate approval process
- Mechanize the exchange of data with existing front-end and back-end systems, thus reducing data input and eliminating re-typing errors
- Ability to locate information (central repository, global name changes, contract hierarchy, alternative name searches, etc.)
- Continuous Compliance & Governance - Risk Management
- Control terms and conditions
- Establish and enforce corporate practices dealing with legislative and regulatory compliance
- Automate approvals and sign-offs
- Audit trail and signed images online and at your fingertips
- Enhanced privacy through restricted access to electronic data and through reduced paper copies containing sensitive information.
- Health and Safety – Risk Management
- Identify contractor safety issues before the contracting process begins
- Track Corrective Actions and ensure that steps are taken to mitigate safety risks
- Track frequency of inspections and workplace incidents
- Maintain a central repository of active contractors, providing insight into previous contractor performance assessments and injury reports.

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