Wolters Kluwer's ELM Solutions has acquired CLM Matrix which provides a contract lifecycle management (CLM) program designed on MS Office/SharePoint 2013 and 2016 technology. This platform adds more than 30 features to the SharePoint application, thereby simplifying contract management. These solutions are completely wizard configurable without needing coding. They include functions such as dynamic contract request, powerful workflow, alert/notification, document generation, reporting, and rules engine.
CLM Matrix is a policy-based, wizard-driven contract generation and workflow approval platform designed to develop both custom and standard configured contracts based on pre-delineated business rules. This system is completely configurable without coding which permits companies to work in their preferred manner utilizing Microsoft’s popular Office productivity applications.
Matrix contract management solution is a scalable system that offers comprehensive lifecycle functionalities including rules-based contract authoring and initiation, full document management, repository, and front and back-end platform integration.
The software leverages a SmartContract document assembly tool to automatically generate, assemble, and upload to the database and initiate a workflow created on the SmartPolicy rules capability designed for your organization’s business policies and rules. This facilitates transparency for contract discovery and analysis which maximizes operational and financial performance while reducing contract portfolio risk.
Matrix Enterprise deploys an advanced Expert System by permitting business rules to be included in the knowledge base. Further, the application adds more innovation by allowing you to dynamically configure the information on which rules function without needing to redefine the rules. This capability enables you to alter the program configuration in real time as your enterprise workflows evolve.
In addition, the Expert System rules engine permits you to maintain dynamic definitions by permitting alterations in one part of data definition to be instantly available to other data definition elements. This makes the platform very fluid. In this manner, the software enables each business to define its own policies/rules, data/agreement structure, and CLM process. Finally, Matrix Enterprise leverages SharePoint Server functions to support process improvement and adjust to business changes.
CLM Matrix offers pricing information on request. Contact them directly to get custom pricing for your organization’s needs.
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