TekStream Solutions, an Oracle Gold Partner, has introduced its Contract Lifecycle Management (CLM) solution for Oracle WebCenter. The engineered solution was presented to the public last week through a national webinar and is currently being implemented at several organizations.
“Whether you’re a growing mid-market company or a large-scale global organization, you need an effective system to manage surges in contract volumes and ensure accuracy in reporting,” says Judd Robins, executive vice president. “The reality is many of the current tools require attorneys and procurement teams to use multiple systems to access and manage contracts, and provide the business little flexibility to address changing business needs.”
Troy Allen, executive director, solutions and training,†wants organizations to know that this tool is very different. “TekStream’s new Contract Lifecycle Management (CLM) solution gives companies one consolidated and secure platform to logically ingest and organize contracts and supporting documents.” He adds, “Built on Oracle’s industry leading document management system, WebCenter Content, it is designed to seamlessly integrate with enterprise applications like Oracle’s Enterprise Business Suite (EBS), PeopleSoft, and JD Edwards.”
Solution features include:
- Centralized repository for all in-process and executed contracts.
- Increase efficiency through better control of the contract process.
- Support for “Evergreen” contracts help to improve contract renewal rates.
- Improve compliance to regulations and standards by providing clear and concise reporting of procedures and controls.
