Preferred Contract Lifecycle Management Software for Public Sector Companies
Agile and compliant contracting for Public Sector Companies
The public sector is prone to numerous laws, regulations, and policies that concern contracting. These can include federal, state, and local laws. When it comes to contracting, the public sector must strike a balance between legal and regulatory requirements, political pressures, and accountability. Zycus, a 3rd time in a row leader in the Forrester WaveTM Contract Lifecycle Management is ideally positioned to help Non-Profit companies with their contracting needs.
Contract Management Challenges in the
Public Sector
Strict procurement rules
limit the ability to negotiate contract terms and enter into certain types of agreements
Difficulty to account
for political pressures and public opinion in contracts
Limited resources
to devote to contracting leading to slow turnaround times
Difficulty in maintaining
transparency in making contracting decisions across all stakeholders
How we solve your business challenges
Improve contract
turnaround times with clause library and easy contract authoring and stay on top of contract deadlines and renewal dates
Get real-time visibility
into contract portfolio to monitor contractual obligations, identify potential risks and manage vendor relationships
Ensure compliance
with regulatory requirements to reduce the risk of fines or legal action
Leverage post-award
analytics to get clause-level visibility into contracts and increase transparency while making contracting decisions
Integrations
iRequest
Fast-track contract creation by originating contract initiation process directly from a sourcing event
InstaReview
Get complete visibility into potential risks in contracts along with suggestions to mitigate them to achieve 100% process compliance.