Framesoft Contract Management (FCM) encompasses the entire lifecycle of any contract (type), from its inception to termination. By using the Framesoft Contract Management (FCM) solution suite in managing a contract during its lifecycle significant benefits are gained. FCM allows to gain control of all contracts and associated rights and obligations. With FCM, all corporate professionals dealing with contract documents have immediate access and visibility into contracts across the enterprise resulting in:
1. Risk Reduction
- Legal Compliance
- Elimination of operational risk
- Avoidance of Penalties
- Mitigation of Disputes
- Counterparty Risk Reduction (Netting)
2. Cost Savings and Financial Optimization
- Avoiding Overcharges
- Efficient Use of Resources
- Negotiation Leverage
- Capital Efficiency
- Liquidity Management
3. Improved Operational Efficiency
- Streamlined Processes
- Time Management
- Automation Opportunities
4. Enhanced Relationship Management
- Clear Expectations
- Conflict Resolution
- Framework for resolving disputes amicably and efficiently
- Partner Performance
5. Increased Visibility and Control
- Real-time Monitoring
- Data-Driven Decisions
- Centralized Management
6. Strategic Advantage
- Market Responsiveness
- Competitive Edge
- Strategic Planning
7. Regulatory Compliance
Ensuring adherence to laws, regulations, and guidelines.
Utilizing Framesoft's Contract Management Solution Suite
These advantages are derived from a fully integrated Framesoft Contract Management solution suite covering the complete lifecycle of any contract as illustrated below:
A. Contract Request
- Provision of a (neutral) Global Contract Type Repository
- (Contract type specific) Data Point Repository
- Document Template Repository
- Unlimited expandability regarding Contract Types & Data Items
- Workflow driven contract request
B. Contract Assembly & Generation
Framesoft Document Assembly (FDA) is nothing short of a revolutionary tool that is transforming the way organizations create and manage documents. For more details refer to Framesoft Document Assembly (FDA).
C. Document Intelligence (AI)
Framesoft Artificial Intelligence (FAI) automates the tedious and time-consuming tasks of contract review, data extraction and reconciliation. By significantly reducing the manual effort involved in these processes, businesses can allocate their resources more effectively, focusing on strategic initiatives rather than administrative tasks. This operational efficiency translates into substantial cost & time savings.
D. Contract Negotiation
By using "Framesoft Online Negotiation (FON)" the complete preparation & negotiation process is simplified, streamlined, faster and more transparent. FON is a platform for electronically assembling, generating, reviewing, and negotiating (master) agreements. For more details refer to Framesoft Online Negotiation (FON).
E. Non-Standard Terms (NST) Handling
In case a pre-generated “Standard Term” of a contract is not accepted by a counterparty (during negotiation) an NST-Workflow is started (automatically). The workflow summarizes all relevant NST information and requires approval. NSTs are tracked via clause version revision and a re-usage of approved NSTs in future contracts is foreseen.
F. Legal Opinion Check
In case no Legal opinion is in place the Legal Opinion Request Workflow takes care of a Legal Opinion Request.
G. Contract Release & Legal Document Execution (LDE) Notification
Properly completing, signing, and releasing a contract to become legally binding and enforceable supported via FCM LDE tasks & notification.
H. Document Archiving
Storing all documents generated or received for retrieval in a document management system such as Framesoft Document Management (FDM).
I. Contract Event & Lifecycle Management
FCM effectively supports managing actions such as e.g.:
- Amendment Handing
- Netting
- Reporting & Forecasting
- Obligation & Commitment Management
- Event / Milestone Management (e.g., Cash Flows, etc.)
- Fee Calculations
- Contract fidelity
- Compliance and retention
- Auditing
- Permission Management
- Termination
To encompass the entire lifecycle of any contract FCM consists of the following fully integrated solutions & add-ons:
- Framesoft Contract Repository (FCR)
- Framesoft FCR Agreement API
- Framesoft Counterparty Interface (FCI)
- Framesoft Protocol Adherence (FPA)
- Framesoft Online Negotiation (FON)
- Framesoft Artificial Intelligence (FAI)
- Framesoft Data Insight (FDI)
- Framesoft Document Assembly (FDA)
- Framesoft Document Management (FDM)
- Framesoft Confirmation Generator (FCG)
Interested to see FCM at work - contact us at