Finally, Innovation in Contract Management Software

SPRING, Texas - July 29, 2013 - PRLog -- Contracts are too often filed and forgotten. It takes one breach of contract, one failed renewal, or one missed deadline to underscore the value of contract management software. Organizations are built on contracts to secure recurring revenue and to control expenses. Failure to manage contracts effectively exposes the organization to substantial risk. Unfortunately, many organizations do not know how to get control of their contracts and manage risk.

Contract Analyst (http://www.contractanalyst.com) announced today a breakthrough in contract management software with the release of version 4.8. Contract Analyst stands alone among contract management software as the solution that empowers organizations to protect revenue, control expenses and manage risk simply.

Best Practices Embedded

Many organizations are unsure about what information to collect for contract management. Too little information fails to add value; too much, interferes with the core business. Contract Analyst presents just the data organizations need to manage the contract lifecycle, approvals, tasks and documents.

Contract Analyst also expands and adapts to each organization’s requirements with built in customization tools that require no programming.

Version 4.8 of Contract Analyst simplifies contract management for organizations in every industry and around the global. “Our clients in the Asia Pacific region as well as North America have responded enthusiastically to this release of Contract Analyst,” said Sherrie Riley, Senior Vice President at Contract Analyst. “They find it easy to use and highly valuable,” added Ms. Riley.

Legal Requirements and Compliance Tracking

Contracts are more than just dates. Risks and opportunities lurk in each provision. Contract Analyst provides an innovative solution for tracking legal requirements (http://www.contractanalyst.com/contract-management-softwa...) so in house lawyers and compliance staff can track important provisions. “This is a real breakthrough in contract management software,” said Mark Little, President and CEO. “For the first time, contract managers and lawyers can transform dense legal language into actionable data,” he said.

External compliance requirements affect every organization. Federal and state statutes and regulations overlay the private law of contracts. Contract Analyst allows organizations to perform compliance reviews and link external requirements to contracts. General counsel, compliance staff, risk managers and senior executives now have unprecedented visibility into their exposure to important requirements.

About Contract Analyst

Contract Analyst provides powerful solutions that are easily tailored to each organization’s unique needs. Contract Analyst simplifies contract management. Contract Analyst’s global client list spans a broad range of industries including business and legal services, medical and pharmaceutical, energy, financial services, manufacturing, distribution, supply chain, communication, transportation, non-profit, and government.