Mountain View, CA – Jun 22th, 2011 – As the software publisher prepares for the release of version 7 of its spend management suite this October, it is offering an exclusive look at its brand new contract management module.
Among the new features are the ability of the user to draft contracts directly in the tool, with pre-formatted model contracts made available, the management of the version history and the insertion of merge fields, allowing data to be updated automatically. “This new contract management module aims to facilitate collaborative work between members of the procurement profession, lawyers and suppliers, but also the traceability of the various exchanges and versions of contracts,” states Gérard Dahan, Director of Marketing and Communication at Ivalua. “We have enriched the module in terms of its functions, but we also did a great deal of work on ergonomics, creating a larger work area for the user, with the objective of creating a “dynamic” contract while remaining within the Ivalua Buyer environment,” adds Pierre-François Pagès, R&D Manager at Ivalua.
One of the major innovations of this new module is the use of Drag & Drop technology, which makes it possible to easily and efficiently construct and reorganize a contract by reordering the various clauses in a simple motion. “We are offering users a complete repository, including a clause-writer and a library of model contracts, thus promoting their standardization,” Pierre-François Pagès continues.
Also included are other functions such as content search, comparison of different versions of a contract, generation of multi-format documents (Word/PDF) and the ability of users to comment and interact during the drafting of a contract. “And there are just as many functions that improve user comfort,” concludes Gérard Dahan.
This new version of the contract management module is currently available and will be included with Ivalua Buyer V7, which has an official release date of October 18.