DATA SHEETOpenText Contract Center
Contract lifecycle management for all contracts and legal agreements

Acceleratecontract cycle
times and offer abetter experience
Reduce risk bystandardizing
contracts andgaining visibility into
the entire lifecycle
Drive cost
reductions
and operational
efficiencies
with intelligent
automation

Legally binding contracts and agreements touch every area of the enterprise,defining relationships with partners, suppliers, customers and employees. But,
contracts are often spread throughout an organization in various departments,
making them difficult to manage. Contract management challenges include manual
processing, inconsistent contract formats and disparate storage systems, resulting
in long cycle times, high costs and increased risk of noncompliance with internal
information governance mandates and regulatory requirements.
OpenText™ Contract Center provides a completely integrated solution for all typesof contracts, including buy-side, sell-side, partnership and other agreements. It
is an out-of-the-box solution for contract processing, from initiation, negotiation,
approval and management to renewal. It securely manages all information relevant
to a particular contract, such as the contract document, metadata (including terms
and conditions), users, regulatory information and amendments. It empowers teams
to work together to manage risk and improve negotiations and contract adherence.
Feature name

Description

Centralized
contractmanagement

Leverage a single, secure repository to store and manage allcontracts throughout their lifecycle

In-app contract
authoring

Edit a contract document inline, within Contract Center,without using an external word processing tool

Automated reviews Use pre-defined sets of work items, reviews, updates andgates, or configure alternate flows, to ensure contract review
and completion are efficient and accurate
Flexible reporting

List of associated OpenText
products the component
works with:• OpenText™ AppWorks™
• OpenText™ Content Server• OpenText™ Information Hub

Access pre-built reports and charts that can be customized
or expanded upon to provide business insight for contracts
managed in Contract Center

Amendments and versions
An organization can amend a contract during its lifecycle with just a click of abutton. Contract Center helps users track all amendments and easily navigate them. Ifa user chooses to create a replica of an existing contract and make minor changes,
they can easily use contract cloning to create the replica. Additionally, users candynamically link functionally related contracts that may not be directly linked as anamendment or renewal, providing greater visibility into associated obligations andcompliance requirements.
As policies change and new regulations come into effect, organizations often revise
existing contract clauses and templates. These types of revisions are made easy
with clause and template versioning. Authorized users can create updated versionsof clauses and templates in the respective libraries without any disruption to active/
in-process contracts.

Seamless integrations
Contract CenterOnce a contract is approved for signing, users can initiate eSignatures using
DocuSign® integration. One or more documents can be sent to all internal andexternal parties for eSignature and the completed documents are directly attachedto the contract record.
Additionally, through integrations with SAP and Salesforce®, contract creators cansource the external party contract information from accounts managed within SAPand Salesforce.

Contract security and auditability
Using OpenText™ Content Server as the central repository for Contract Center
ensures organizations meet even the most comprehensive information governancepolicies and procedures, while saving time and money.
Contract Center provides the centralized and managed environment thatorganizations need to keep business and legal costs in check and ensure thatagreements defining and governing business relationships are true assets tothe organization. The solution also helps organizations control risk and liability,
empower teams and maximize the value of business and employee relationships.

About OpenText
OpenText, The Information Company, enables organizations to gain insight throughmarket leading information management solutions, on-premises or in the cloud. For
more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit: opentext.com.

Connect with us:• OpenText CEO Mark Barrenechea’s blog
• Twitter | LinkedIn

opentext.com/contact
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