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With Procuri, enterprises of all sizes can ensure supplier, operational and regulatory (such as Sarbanes-Oxley and HIPAA) compliance to drive down risk, increase opportunity and realize the full potential of agreements, transactions and contacts. Real-time access and visibility of enterprise contracts in a centralized database will provide effective corporate controls, transparent processes, efficient audits, and timely disclosures.
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Effective Corporate Controls
- Establish and implement fully documented processes for all transactions
- Control authorization of transactions through automated workflows that notify approvers via email, forward documents to next reviewer, and maintain notes of who reviewed, approved or declined
- Ensure consistent use of language through library of pre-approved contract language, standard terms and other risk, compliance and performance management components
- Ensure proper and best terms are used and executed during contract creation through an automated wizard-driven interface
- Ensure concerned individuals are notified and sign off as appropriate
Transparent Processes and Efficient Audits
- Consolidated overview of all contracts in a central repository for real-time access and visibility
- Complete, easily-accessible audit trails are maintained of all approvals including which parties approved which terms
- Progress trail of contract negotiations are maintained, including all versions of the original contract
Timely Disclosures
- Documentation of all contractual commitment and obligations
- Automatic notification to track obligations based on multiple criteria such as contract expiration, renewals, deliverables and event triggers such as insurance certificates expiration or when updated financial information is due.
- Instant access to auditable documentation
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| Procuri products are supported by award-winning On Demand services tailored for for enterprises of all sizes and levels of expertise. Learn more. |
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| “Procuri's customers value TotalContracts most for its search capabilities and its metadata capture. We also heard good things about Procuri's configurable forms and its flexible alerts for pending milestones, such as contract expiration dates. Customers report short installation times and extremely good, proactive customer service.” |
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| -- Gartner Research |
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