Contract Management is a specialized form of Content Management that combines elements of both Document Management and Records Management to:
Automate the process by which a document specifying any type of legal agreement is created
Ensure that the document content complies with internal and regulatory policies
Control access and track all changes to contract documents
Make the terms and conditions contained within the document readily accessible, as needed, to various organizational processes and systems
Contract Management makes the contract document an integral part of the business processes that drive its creation or that rely on the information contained within it. By using Contract Management to digitize the contract document and the processes associated with creating, storing and retrieving it, organizations can reduce costs, maximize revenue and minimize the risk of regulatory non-compliance.
Applied Contract Management
ASC recognizes that an organization’s Best Practices are the ones that have made them successful. These Best Practices are unique to each organization or at least to the industry in which they operate. Hence, to be truly effective, Contract Management cannot be a “one size fits all” proposition nor simply “bolted on” to an organization as a separate business process. To gain the greatest return, ASC believes that Contract Management must be applied to an identified set of business processes and drive specific business outcomes.
In keeping with its “Applied Contract Management” philosophy, ASC develops industry-specific and customer-specific Contract Management solutions. Each of these solutions is based on a core Contract Management engine, ASC Contracts™, and is tailored to take advantage of industry and organizational "Best Practices". This approach offers the benefits of custom-developed solutions without incurring the high costs or lengthy development and implementation cycles nor compromising the existing business processes.
ASC offers Contract Management solutions for Communication Services Providers such as Telcos, Cablecos, and Internet Service Providers and for Financial Services Institutions such as banks, brokerages and insurance companies. These solutions were developed by working with key customers in both these industries to solve specific problems that have broad applicability across both these industries. ASC’s iterative development approach and industry knowledge is well suited to applying ASC Contracts™ to these and other industries.
