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Contraxx: Enterprise Contract Technology.

Contract Management

| August 01, 2001 | COPYRIGHT 2003 National Contract Management Association. (Hide copyright information)Copyright

Today, contract management is more difficult and more important than ever. Contraxx' Enterprise Contract Technology (ECT) provides the means to manage contracts proactively across the entire organization. Ultimately, Contraxx gives the contract manager the time and the tools to focus on creative and strategic analysis and development instead of rote administrative chores.

Contraxx works by "decomposing" the contract into fields that the software can understand and link to rules. For example, the software can take a contractual deadline such as "the earlier of 90 days after delivery, or 3 years after commencement of agreement," calculate it, notify you when the …

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