How Our Contract Manager Software Works

MCN Solutions’ Contract Manager simplifies and automates the process of creating, editing, approving and signing contracts. Users can easily create new contracts, using their own contract templates for approval, while notifications remind users when existing contracts are coming up for renewal or expiring. 

For Key Decision-Makers: C-Suite executives, Compliance Officers, Supply Chain Directors, HR Directors, and legal teams can rest assured that every contract is handled correctly and efficiently, without missed steps or misplaced information.

Complete Audit Trail: With MCN’s Contract Management Software, each edit and comment is captured along the way, establishing an audit trail of every step in the contract management and approval process.  

Role-based Permissions and Version Control: Role-based permissions play a crucial role in managing contracts, ensuring that individuals have access only to the documents relevant to their roles. Additionally, version control is indispensable, guaranteeing that users can only view the latest version of a contract, maintaining accuracy and security.

Improve your Organization’s Contract Compliance with Our Contract Manager System

  • Robust Search Functionality: Quickly locate any contract within seconds.
  • Automation of the Contract Approval Workflow Process: Streamline approvals and eliminate bottlenecks.
  • Create, Edit and Approve Contracts: Easily manage contracts from start to finish.
  • Designate User Permissions in a Secure System: Maintain security and control access to sensitive information.
  • Online Collaboration and Negotiation: Work together with stakeholders seamlessly.
  • Include the Right Signatories at Crucial Points: Ensure the right people are involved in the approval process.
  • Stay on Top of Critical Deadlines: Never miss a renewal or expiration date.

Easily Adhere to Regulations, Internal Policies and Contract Terms With Our Contract Manager.

Our Contract management software helps with compliance in several ways by providing tools and features that ensure adherence to regulations, internal policies, and contract terms. Here’s how it contributes to compliance:

  1. Centralized Contract Repository: All contracts are stored in a single, organized location, making it easier to access and review. This reduces the risk of losing or misplacing documents, which could lead to non-compliance.
  2. Automated Alerts and Reminders: Contract management software can send automated reminders for critical milestones, such as renewal dates, expiration, or performance deadlines. This helps ensure that compliance requirements are met on time.
  3. Audit Trails and Reporting: The software records every interaction and change made to a contract, providing a transparent audit trail. This is crucial for regulatory compliance and for any future legal or internal reviews.
  4. Version Control: Tracking contract versions helps ensure that only the most current and compliant version is active, preventing the use of outdated or non-compliant contract terms.
  5. Access Control and Permissions: Role-based access ensures that only authorized individuals can edit or view contracts, minimizing the risk of unauthorized changes that could lead to compliance issues.
  6. Contract Lifecycle Management: End-to-end tracking of contracts ensures that all compliance steps are followed from negotiation to execution and through renewal or termination. This reduces the chances of non-compliance due to oversight.

By integrating these features, contract management software streamlines processes minimizes human error and helps organizations stay on top of their compliance obligations.

Who is Our Contract Manager For?

Healthcare

MCN Solutions understands the unique demands of healthcare contract management. Our Contract Manager helps healthcare organizations:

Maintain compliance: Meet HIPAA requirements and other regulatory standards.

Streamline critical agreements: Efficiently manage physician contracts, vendor agreements, and more.

Improve policy management: Integrate with our ellucid® Policy Manager for comprehensive document control.

Enhance communication and accessibility: Ensure that the right people have access to the right information at the right time.

Higher Education

Colleges and universities face complex contract management challenges. Our Contract Manager helps higher education institutions:

Mitigate risk: Reduce the risk of legal disputes and financial losses.

Enhance accountability: Improve transparency and track contract obligations.

Centralize contract information: Provide easy access to contracts for authorized users.

Streamline workflows: Optimize contract creation, approval, and renewal processes.

Business

Our Contract Manager empowers businesses of all sizes to take control of their contracts:

Improve transparency and accountability: Gain a clear view of all contract obligations.

Optimize resources: Save time and money by automating contract management tasks.

Enhance decision-making: Access critical contract data to make informed decisions.

Improve collaboration: Work seamlessly with internal and external stakeholders.

Resources

Want to learn more? Check out these helpful resources:

  • Product Sheets: Download our product sheets, including healthcare policy templates.
  • Case Studies: See how other organizations are using our Contract Manager to improve their contract management processes.
  • E-book: Get valuable insights into policy management solutions in our free e-book.

Stay Alert Blog: Stay up-to-date on the latest contract management news and best practices.