How can you better manage contract negotiations and approvals?
This can significantly improved by adopting a dedicated Contract Management module such as GrantsNow. This can be used standalone or as part of our end to end Pre-Awards platform.
GrantsNow embeds contracts into your pre-award process. It helps to define tailored contracts based on need, and it helps with approval workflows with tailored stages. It keeps a history of the chain of events, versions all contracts, and integrates with e-signature tools on the market. It is configured with reminders, events, and tracks all history for auditing purposes.
With its cutting-edge features and user-friendly interface, GrantsNow provides a centralized platform for managing contracts, which can help to improve efficiency and reduce errors.
Seamless Collaboration: GrantsNow facilitates seamless collaboration among stakeholders involved in the contract negotiation process. It is a Cloud platform where researchers, administrators, funding agencies, and legal teams can collaborate in real-time, ensuring transparency and efficiency throughout the negotiation phase.
- Version Control and Tracking: GrantsNow maintains a comprehensive version history, enabling you to track changes and review previous iterations. This feature ensures that all parties are on the same page and helps prevent errors or misunderstandings during negotiations.
- Automated Workflows: Remove time-consuming manual processes. GrantsNow automates repetitive tasks and workflows, allowing you to streamline the negotiation and approval process. From document generation to tracking revisions and approvals, the system ensures accuracy while saving you valuable time and resources.
- Integration and Customization: GrantsNow seamlessly integrates with your existing research management systems, granting you an end to end view of your funding lifecycle. Additionally, the platform offers customization options to align with your organization’s specific requirements and workflows.
- Intelligent Analytics: Make data-driven decisions with our powerful analytics capabilities. Gain valuable insights into negotiation trends, contract terms, and approval timelines. These insights enable you to identify bottlenecks, optimize your negotiation strategy, and enhance the overall efficiency of your research funding processes.
- Compliance and Security: As Granstnow is hosted on Oracle Cloud, you can protect sensitive information and ensure compliance with our robust security measures. The system employs industry-leading encryption protocols and access controls, safeguarding your data and mitigating the risk of unauthorized access or data breaches.
- User-Friendly Interface: GrantsNow boasts an intuitive and user-friendly interface, making it accessible to both academics, researchers and administrators. Its simple navigation and guided workflows reduce the learning time, allowing users to adapt quickly and maximize productivity.
