Omtool™ - Omtool Solutions for Contract Management in Financial Services
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Are paper documents
creating security or compliance problems that
put your company at risk?
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Financial Services - Contract Management

Corporate legal departments, business development and procurement divisions are continually tasked with delivering efficient performance while being deluged with contractual information. This contractual information is in the form of "mixed-mode" documents (both paper and electronic). The challenge they face is one of integration and accessibility: creating one master contract record when all the relevant information is arriving from disparate sources at various times. The consequences are daunting and can result in millions of dollars of lost opportunity and the potential to impose significant legal ramifications to the corporation.

Today contract management software solutions deal effectively with electronic documents but are handicapped when it comes to dealing with paper-based and/or faxed ones. Effective and efficient contract management processes must encompass all types of documents; whether paper or electronic-based.

A comprehensive contract management solution must address:

  • Document Integration - from paper and electronic sources, reconciling documents into a shared and managed contract repository while reducing manual intervention.
  • Compliance Requirements - supporting defined document and contract handling and retention policies
  • Contract and/or Contextual Access - allowing for immediate accessibility and leveraging text-searchable documents regardless of the format they originated in.
  • Document Integrity - retaining documents in a form that accurately reflects the information in the contract and allows it to be accurately reproduced for later reference and in compliance with the E-Sign Act.
  • Comprehensive Security - housing contracts in a secure and access controlled environment.

AccuRoute delivers the platform for enterprise document capture, conversion, distribution and archiving that best enables businesses to handle complex contract distribution, routing and storage requirements efficiently and cost-effectively. By integrating paper and electronic documents into a single, efficient and managed system, the combined technology allows users to define document distribution requirements and accomplish multiple, complex document routing tasks easily, while providing the company with increased control over the contract management process, all from the users' desktop.

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