Nextance Contracts Insight (Enterprise Software)

Nextance Contract Insight
consolidates all these dispersed documents into a single centralized repository, putting you on the path to visibility into and control over your contracts within 30 to 45 days—compared to months, if not a year or more, with other implementations typical to the industry.
But more than merely a database, Nextance Contract Insight’s searching and reporting capabilities are first class, so you’re able to quickly pull up the business intelligence you need, and answer those key questions that can determine your company’s present and future success.
Nextance Contract Insight lets you quickly locate terms, obligations, and high-risk language, and to save time, you can save searches you do regularly. For further analysis and manipulation, you can also easily export the results of your searches to a spreadsheet or PDF. Additionally, the
Nextance Contract Insight solution is able to automatically set rules and notifications based on expiration dates, milestones, amendments, terminations, renewals, or other terms—allowing you to proactively make sure the right people know when an important contract event is soon to
occur.
With such deep data at your fingertips, Nextance Contract Insight enables you to proactively manage both supplier performance and your performance to your customers, which impacts the bottom line. You’re able to measure and benchmark performance directly against the
actual contracts, rather than relying on information fed to you that may be incomplete or already outdated. And, critical for auditing and financial reporting, you’re able to monitor whether all parties are in compliance with contract terms as well as with applicable legal regulations, all throughout the entire life of the contract.

XML for Contracts Management
•Variable Data Model
•Extensible Business Application

XML As Data Model For Contracts
•Both structured and unstructured data are inherent in contracts. Searching can span both structured data and language
•The structure of the data can vary greatly from one contract type to another. Reporting can become very complex if not modeled in a consistent manner.
•Nextance XML Architecture enables Customers to manage both structured and unstructured data in the same infrastructure
-Ability to tag the unstructured data
-Ability to model the varied structured data for any type of contract
-Perform integrated search and reporting
-Enforce a common security model
-Flexibility to manage any kind of contract

Searching Structured and Unstructured Data
•Basic Searches
-Search the most common data fields
•Advanced Searches
-Search across all data fields
•Agreement / Document Searches
-Search across all data fields and document text
•Query Builder
-Build and save your own queries
•Repository Search
-Full text search on all attachments

Reporting
•Dashboard
•Export to Excel



Kiosk / Portal


Clause / Template Library


Intelligent Document Assembly


Contract Accountability
•Audit Trails - Workflow
•Audit Trails - Agreement


Contract Compliance
•Commitment Management
•Payments Forecast



Contract Visibility
•Executive Summary