Companies in the oil and energy sectors must manage and turn around a significant number of high-value supplier and vendor contracts. As regulatory scrutiny rises, this industry faces hurdles in remaining fully compliant while signing contracts in a timely and effective manner.
Any missed provision or delay in compliance has severe financial consequences in the shape of
significant fines and penalties. As a result, clever and effective contract management solutions are in demand. Among their key
features are automatic compliance and contractual obligation tracking, comprehensive analytics,
and real-time contract visibility.
- Gain more visibility into contract terms and conditions in order to maintain compliance
with environmental and safety standards, while reducing risks.
- Track contract details thoroughly to ensure that all supporting documents are accurate.
- As needed, create consistent protocols with numerous reviewers and approvers.
- Maintain an audit trail for all changes and versions associated with each contract.
- Contracts can be accessed and managed using a centralized, secure, and searchable cloud-based repository.
Join happy teams that make it easy to manage contracts
and collaborate remotely.