Next-Gen Contract Management
Merlin for Contracts
Author & Negotiate
Store & Search
Analyze & Manage Performance
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Maintain close control over myriad buy-side contracts
Exercise better control over your contracts with AI-powered iContract. Login and start authoring & managing your contracts in a whole new way.
Enterprise Contract Management. Simplified..
Simplify negotiation. Get better performance insights.
What procurement teams can do with iContract
Can I measure the risks associated with vendor contracts?
Zycus' analytical tools can analyze data from the past contracts with a particular vendor and identify patterns to measure risks associate with that vendor’s contracts.
Can we assess current performance scope for a specific Vendor?
Yes, analyzing and comparing performance of Vendor A’s past contracts with us can give a data driven analysis of current performance scope for Vendor
Can we ensure all contracts cover compliance policies and any new regulations?
iContract is constantly updated with any changes or updates to the existing regulations. It then identifies all older and legacy contracts in the centralized repository and automatically updates them with any new or updated regulations to ensure they stay compliant.
Can we identify key contracts by value/region?
Yes, you can identify and track contracts by multiple parameters including value and geography.
What parameters should one take into account for contract performance?
Contract performance considers multiple, varied and customizable parameters including but not limited to obligations management, contract progress, payment status, meeting pre-defined milestones and metrics, etc.
Does iContract store audit history details?
Yes, iContract stores and archives contract audit history details for future referencing.
Is it possible to manage specific obligations contained in each contract for both parties?
Yes, iContract provides advanced post-award contract management and analysis through comprehensive reporting and dashboards, real-time access to obligations and milestones concerning to both contract parties.
Does iContract notify contracts that are to be renewed or expiring in the next week / quarter / month?
Yes, Zycus' automated contract management solution provides key contract data like upcoming expiries, renewals, payments in advance, through comprehensive, real-time dashboards, accessible from across devices.