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Overview
Open Contract Manager (OCM) centralizes legal agreements in a secure electronic repository, streamlining operations. Its architecture is open-source, which necessitates an Alfresco subscription for deployment. However, this framework delivers a scalable solution for managing vendor agreements and streamlining approvals.
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Starting Price
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Open Contract Manager (OCM) Specifications
- Document Management
- Workflow Automation
- e-Signature
- Mobile Access
What Is Open Contract Manager (OCM)?
Open Contract Manager (OCM) is a workflow-centered, open-source solution designed to address key legal and procurement pain points, such as excessive paperwork and poor vendor management. It empowers organizations to manage the entire supplier contract lifecycle, from drafting to execution. The software provides a centralized repository to increase compliance and streamline operations. Key features such as the built-in contract diff tool and secure e-signature capabilities help legal teams accelerate approvals and maintain a clear audit trail.
Open Contract Manager (OCM) Pricing
Open Contract Manager (OCM) Integrations
The software supports integration with the following platforms:
- Microsoft Word
- Open Office
- Google Docs
Who Is Open Contract Manager (OCM) For?
Open Contract Manager (OCM) is ideal for legal and procurement teams across a range of industries, such as:
- Automotive
- Aerospace and defense
- Banking and financial services
- E-commerce
- Real estate
Is Open Contract Manager (OCM) Right For You?
Open Contract Manager (OCM) software is a strong fit for legal and procurement teams needing to increase compliance and streamline supplier agreements. Built for the Alfresco platform, its standout benefit is scalability, enabling on-premises or cloud deployment. While it addresses security vulnerabilities, such as a lack of physical security, its core value is replacing time-consuming manual processes. OCM has been used by large enterprises, including a leading bank and an auto-parts company, to manage complex legal and procurement workflows.
Still not sure about Open Contract Manager (OCM)? Contact our support team at (661) 384-7070 for further guidance.
Open Contract Manager (OCM) Features
Centralized Electronic Contract Repository
This feature provides a single, secure digital location for all contracts, moving organizations away from paper-based processes. It ensures all stakeholders can access the latest versions, which improves version management, enhances physical security, and creates a single source of truth for audits.
Built-In Contract Diff Tool
OCM includes a native diff tool that allows legal and procurement teams to compare different versions of a contract document. It accelerates the review process by automatically highlighting changes, identifying modifications, and ensuring all edits are accurately tracked before approval.
e-Sign
The software facilitates secure electronic signatures, allowing authorized users to execute contracts digitally. This capability is enhanced with PIN verification to ensure security, streamlining the final step of the approval process and accelerating business decisions without manual sign-offs.
Search And Notification
Users can leverage powerful search capabilities to find specific contracts or clauses within the central repository. The system also provides automated notifications for personalized contract task lists, helping teams manage obligations, track key dates, and avoid missed deadlines for renewals or executions.
Procurement Management
OCM manages the supplier and vendor contract lifecycle. It creates transparent procurement workflows, integrates with supplier networks, and manages policies and agreements. In this regard, it helps reduce poor vendor management and streamline the complete procure-to-pay process.
Pros And Cons of Open Contract Manager (OCM)
Pros
Manages complete contract lifecycle
Tracks version control history
Automates approval workflows
Cons
Requires Alfresco platform deployment
Lacks built-in collaborative editing
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Frequently Asked Questions
What types of pricing plans does Open Contract Manager (OCM) offer?
The Open Contract Manager (OCM) price is customizable as per the specific needs of each business. Request a personalized Open Contract Manager (OCM) pricing quote for your business.
What other apps does Open Contract Manager (OCM) integrate with?
Open Contract Manager (OCM) integrates with Microsoft® Word, Open Office, and Google Docs.
What language does Open Contract Manager (OCM) support?
Open Contract Manager (OCM) is primarily available in English; however, it also supports operational output in different languages based on your region.
Does Open Contract Manager (OCM) offer an API?
The official website of Open Contract Manager (OCM) does not specify its API availability.
Does Open Contract Manager (OCM) have a mobile app?
No, Open Contract Manager (OCM) does not offer a standalone mobile app, but it is accessible via a mobile or tablet browser.
Who are the typical users of Open Contract Manager (OCM)?
The typical users of Open Contract Manager (OCM) features are legal and procurement teams across different industries, such as automotive, aerospace and defense, banking and financial services, e-commerce, and real estate.
What level of support does Open Contract Manager (OCM) offer?
Open Contract Manager (OCM) software provides support through email, phone, and form submission, alongside general resources, which include user guides, brochures, blogs, and webinars.