Contract Lifecycle Management is a Program that enterprises employ to proactively and methodically manage stakeholder relations. Customer, Supplier, Partner and Employee relations are captured and managed through the Contract Management process to improve efficiency and effectiveness.
PracticeLeague platform helps in creating a unified and richer business context through the seamless and real-time collaboration of Legal with multiple business and operations stakeholders of an enterprise. The platform offers a single source of truth resulting in a more efficient process and ensures higher effectiveness of business relationships.
The Contract Lifecycle Management platform ensures compliance of contractual obligations, proactive mitigation of risks and an overall improvement in "Turn-Around-Time" and "Accuracy" both through collaboration as well as insights from historical data.
A Contract Lifecycle Management software integrated into an Enterprise Legal Management ecosystem and seamlessly talking to other practices like Matter and Compliance Management while collaborating with external service providers e.g. Law Firms, boost the power of Contract Management programs significantly.
Ultria is the newest division of Verdantis, Inc.—an organization which has been providing enterprise critical SaaS Governance and Stewardship solutions to G1000 companies for over 14 years. After helping organizations boost and sustain their ROI from ERP implementations and more fully realize synergy from Mergers and Acquisitions, Verdantis created the Ultria division to deliver similar value to legal and revenue teams.
Ultria offers end-to-end, SaaS-deployed, Contract Lifecycle Management solution for the Enterprise—Ultria CLM. It is a market-proven solution with a legacy of successful deployments over more than seven years. With a workflow based authoring and approval tool, and a comprehensive repository of contracts and clauses, Ultria CLM helps companies across the spectrum derive greater value from their contracts. By connecting with eSignature and CRM solutions, Ultria CLM seamlessly streamlines the quote to contract conversion process. Its post-signoff contract management capabilities empower the enterprise to extract the maximum value out of contracts, mitigate risks, and ensure regulatory compliance.
End-End Contract Management
Version Control Management
integrated with On-Boarding
Microsoft Word Plug-in
Embedded Customer Portal
Negotiate and Sign
Accurately Assess Risk
Track Key Dates and Obligations
Enables pre-defined templates and reduce TAT for generation of initial drafts and a lot more.
Centralized and secure on-cloud contract repository for storing, managing ans searching all contracts
Integration with MS Outlook, Salesforce and other internal and external party portals for new contract requests
Easy MS Word integrated contract authoring, negotiations and automated workflow routing
Pre-approved clause and template library customized based on organizational legal policies
Artificial Intelligence (AI) based contract parsing and metadata tagging
Contract risk management via risk profiling and compliance tracking
Contract deliverables and obligation tracking with stakeholder collaboration across the contract lifecycle
No FAQs associated with this application.
What platforms does this service support?
Ultria contract management solution integrates with various commonly used business technology interfaces such as MS Word, MS Outlook, CRMs, ERPs, external party portals (EPP) and other in-house systems.
Who are the main user groups of this service?
The main user groups of Ultria contract management solution are contract management professionals, legal operations professionals and all business users in general who are involved in inititating contracts or managing various contracted projects.
Does this service integrate with any other apps?
Ultria contract management solution integrates with various commonly used business technology interfaces such as MS Word, MS Outlook, CRMs like Salesforce, ERPs, external party portals (EPP) and other in-house systems.
What are some applications this service is commonly used in tandem with?
Ultria contract management solution is commonly used in tandem with MS Word, MS Outlook, Salesforce, ERPs, External Party Portals (EPP) etc.
Does this service offer guides, tutorials and or customer support?
Yes, Ultria contract management solution comes with training materials and tutorials to help the users make the best use of the software. That said, the solution being extremely easy to use, the adoption rates are very high and training time nil.
Does this service offer multi-user capability (e.g. teams)?
Yes, Ultria contract management solution offers multi-user, multi-business unit, multi-location and multi-language capability.
What is this service generally used for?
Ultria contract management solution is used for the entire contract lifecycle management including contract authoring, negotiations and approvals; centralizing contract storage; managing ongoing contract obligations; tracking regulatory and internal policy compliance; and managing contract expiries and renewals.